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Baroda Insta Click Savings Account

Bank of Baroda Insta Savings Account

Open an Instant Savings Account with Bank of Baroda

Time is money and nobody values your time like Bank of Baroda. That’s why we’ve introduced Bank of Baroda Insta Savings Account.

Use any internet-enabled device to open your Aadhaar-based Insta Savings Account in seconds. Start banking instantly and conduct world-wide transactions in minutes.

Instant Account Opening

Instant Account Opening

Now open your Account from comfort of your home at any convenient time through browser which is accessible on Mobilie,Tablet ,Laptop, Desktop and experience world of seamless digital banking.

No Minimum Balance

No Minimum Balance

Now enjoy no minimum balance commitment on your Baroda Insta Click Savings Account which comes with zero balance facility and experience true financial freedom.

Banking solutions at a single touch

Banking Solutions at a Single Touch

Access your Account using robust Mobile and Internet Banking hosting a bunch of Banking like Fund transfer ( within and intra Bank), etc. These channels also come with a host of and Non Banking transaction points such as bill payments of Gas, Electricity, Mobile, Water, DTH recharges etc.

Payments & Ticket Booking

Payments & Ticket Booking

Payments for shopping, movies, groceries, Travel Ticket booking and much more can be done online using Debit Card, Mobile and Internet Banking

Features

Documents Required

All you need is a Aadhar no with registered mobile number, PAN Card, E mail ID and Valid Mobile No.

Eligiblity

All resident individuals( except Illiterate and Visually Challenged/ Blind Individuals) above the age of 18 years are eligibile to open the Account

Quarterly Average Balance

Now enjoy no minimum balance commitment on your Baroda Insta Click Savings account which comes with zero balance facility and experience true financial freedom.

Freedom to choose your Branch.

Validity of Account

It is a limited KYC Account and needs to be converted to full KYC A/c before expiry of 12 month from date of Account Opening. Walk in to your branch and submit your KYC documents and signature to avail benefits of full KYC Account.

Maximum permissible Balance

Rs 1 Lakh, on any day.

Maximum cumulative credit/deposit

Rs 2 Lakhs in a Financial Year

Debit card

You can request for a physical Debit card ( Rupay Classic variant ) at time of Account Opening. This card comes with host of offers and benfits

Cash withdrawal

can be done using Card less withdrawal facility

Cash Deposit

Cash Deposit Machines available on elobby cash Deposit Machines.

Account Funding

Fund your Account using Virtual ID/UPI ID. Alternatively use IMPS/NEFT.

SMS Alerts available.

Terms and Conditions

  • The customer herewith confirms that he/she has not used the OTP based AADHAAR (e-KYC) verification to open any other bank account.
  • If opened through UIDAI based OTP, it will be a limited KYC account, in which you cannot have a credit balance of more than 1 Lakh. Your overall cumulative deposit in such an account cannot exceed 2 Lakhs in a F.Y., unless you complete the full KYC process.
  • Customer opening Limited KYC account gives consent to the Bank to fetch his/her demographic details from Unique Identification Authority of India (UIDAI), using biometric authentication which will be used for KYC purposes. The demographic details include name, DOB, gender, address and photograph.
  • Customer authorizes Bank of Baroda to use his/her Aadhaar details and core biometric information to authenticate and verify his/her identity.
  • The customer herewith agrees to complete his full KYC by visiting his nearest Bank of Baroda branch and providing his biometric details within 12 months of opening such account.
  • The Limited KYC A/c opening process is unavailable to customers whose address fetched from UIDAI is deemed incomplete by the bank
  • This A/c is a zero balance Account and has no requirement of maintaining minimum QAB.
  • The customer agrees that failure to complete full KYC within 12 months will lead to his account being freezed by the Bank. He can proceed to withdraw funds/ use his account for any transaction only upon completion of full KYC.
  • The customer agrees that if her/ his balance in the limited KYC account exceeds 1 Lakh in a given day or overall cumulative deposit exceeds 2 Lakhs in a F.Y., bank reserves the right to put the account on a total freeze, till such time that customer completes the full KYC process.
  • In case of account being put under total freeze, the customer agrees that principal amount on such deposits kept along with the interest accrued (if any) will be payable to him only upon completing his full KYC.
  • The customer agrees to the issuance of a Debit Card linked to Online Savings Account.
  • The customer will not be eligible to get a Cheque book for this account unless full KYC is done in the Account.
  • The customer agrees that he/she will not be able to get the any of the services from any of the Branches of the Bank:
    • Cash withdrawal using cheque/passbook at branch
    • Issuance of Demand Ddraft/Bankers’s cheque at branch
    • Remittance services like RTGS/NEFT/IMFS from Branch.
    • Fund transfer from Branches of Bank of Baroda
    • TD/RD
    • Clearing services( Issuance of cheque to third party/self in other )
  • The customer agrees that such an account will be subject to regular scrutiny and monitoring from the bank and bank shall reserve the right to completely freeze/debit freeze/ close the account at its sole discretion
  • If Customer fails to provide full KYC for any reason, customer understands and agrees that the bank reserves right to close the account and customer will have to contact the branch withdrawing any leftover amount in his/her account.
  • Cash can also be deposited in Cash Deposit Machines (wherever available)

Other Terms & Conditions for Online Savings Account opening:

  • Any Resident Indian who is citizen of India as per FEMA guidelines & above 18 years provides his/her details in the application form for opening a Online Savings account offered by Bank of Baroda is a Customer.
  • By providing his/her details, customer agrees to the terms and conditions.
  • By sharing all the information, customer consents to provide his/her name, contact details and other information on an at will basis with Bank.
  • Bank shall not be liable for any connectivity/ signal/ data issues leading to non-completion or wrong/false/incomplete information being provided by the customer leading to the incompletion of his/her application.
  • The customer herewith agrees to provide his/ her Valid Aadhaar number voluntary (if customer wishes to Online Savings Account with limited KYC account) and Valid Pan Card Number. He/she understands that opening an account is subject to correct, complete and accurate information is provided.
  • Customer agrees that the name in the account will be the customer name as per his/her name mentioned on Aadhar.
  • Application once submitted cannot be withdrawn by the customer. Bank shall not be liable to pay for any costs (technical/ data plan related or otherwise) incurred by the customer in the course of sharing his/her details on the application.
  • The customer herewith agrees to provide the accurate documentation and information as listed in the application for the purpose of account opening. Customer understands and agrees that failure to provide requisite documentation and information shall result in rejection of application by the Bank. The customer agrees that Bank has every right to reject the account opening application, if there is any erroneous, incomplete or misleading information provided by the customer or for any other reason whatsoever with/without assigning any reason or if KYC documents submitted do not comply with the KYC norms of the Bank .
  • This A/C opening process is not available for existing Bank of Baroda customers who have a customer ID with the Bank.
  • This A/C opening process is also not available for customers who are FATCA reportable. Such customers are requested to approach the branch and to comply with requirement of opening an account.
  • Bank reserves the right to take necessary action, legal or otherwise, if it finds any wilful modification/ withholding of information or misrepresentation by the customer.
  • Customer understands and agrees that interest on the amount funded online will be paid subject to activation of the account and only from the date when the funds has been credited into the account.
  • The customer shall not enjoy the services provided by the bank unless the customer onboarding process is complete.
  • Customer declares and confirms that the Bank shall be entitled to rely on all/any communication, information and details provided on the electronic form and all such communications, information and details shall be final and legally binding on the Customer.
  • Customer understands and confirms that the Bank has every right to close or debit freeze the account, if the details provided by him/her are found to be inaccurate, incorrect or false by the Bank or for any other reason whatsoever without assigning any reason thereof. In such an event the bank shall not be liable to pay any interest on the amount of deposit & the refund of amount deposited in the account will be refunded to the source account. In such an event, bank will retain the documents / Photographs (if any) and any other signed document submitted.
  • This application is available for opening a savings account by Resident Indian Individuals only from age 18 and above .
  • The Bank reserves the right to cancel the Customer ID and Account Number (A/C) allotted to the customer, if the customer does not complete the verification process within the allotted time of 12 months.
  • The Bank reserves the right to hold the accounts in Debit Freeze or close the Account even after account activation in case of any discrepancy found as part of regular monitoring and document verification activities.
  • The customer agrees to provide the necessary details (Mobile, Email etc.,) as per his requirement at the time of submission of details through the application. Bank shall not bear any liability for any loss arising out of customer’s failure to do so.
  • The customer herewith agrees to be contacted by the bank to receive information in respect of account maintenance, alerts, payments due, updates on existing and new products, servicing of account for sales, marketing or servicing their relationship with Bank of Baroda, its group companies/associates or agents through Telephone/Mobile/SMS/Email etc. Further he/she understands that the consent to receive calls/communications shall be valid and shall prevail over their current or any subsequent registration of their mobile number for NDNC and shall continue to be treated as customer consent/acceptance.
  • The customer authorizes Bank to share his/her mobile number and address with the respective mobile operator to verify customer's address at any point of time.
  • This Account is not offered to certain set of customers (persons operating with thumb impression, sick /incapacitated customers or any other persons which the bank feels that may require additional controls / diligence to safeguard Bank / Customer interest). Customer may visit our Branch to select other products available. If it is detected that the said persons have opened online savings Account, Bank reserves the right to offer another account and close this online Savings Account.
  • He/She also understands and agrees that the Bank reserves all right to close his/her account immediately without any further intimation in case he/she is found to undertake such transactions
  • The customer herewith agrees that if the application is rejected, Bank will retain the documents / Photographs and any other signed document submitted by the customer on the application or otherwise
  • The customer confirms that the account is being opened by him/her for his/her own use and that the mobile number, SIM & device used for opening the account belongs to him and same have not been shared by him with any other individual. The customer further confirms that he has not shared the credentials pertaining to the account opening with any other person. In case of any discrepancy, the bank reserves the right to block or close the account without any notice.

Customer confirm to have read, understood and will be bound to/ abide by the Terms and Conditions of account opening and the general terms applicable to account as available on Bank’s website at www.bankofbaroda.com Once an account is opened, the terms and conditions listed as under shall also apply, as per the product selected by the customer.

Q : What are the features of Baroda Insta Click Savings Account?

A : Baroda Insta Click Savings is a fully Digital Limited KYC Bank Account brought to you by Bank of Baroda. Now open your Account real time from comfort of your home at any convenient time through browser which is accessible on Mobilie,Tablet ,Laptop, Desktop and experience world of seamless digital banking.You can start transacting immediately using Mobile Banking/Net Banking and UPI.

Q : Where can I find link for Baroda Insta Click Savings Account?

A : Please visit www.bankofbaroda.com and click Apply Now Tab on Banner Page of Insta Clck Savings Account.

Q : What documents are required to open Baroda insta Click Savings Account.

A : All you need is a Aadhar no with registered mobile number, PAN Card, E mail ID and valid Mobile No

Q : I do not have a PAN. Can I still apply for a Baroda Insta Click Savings account?

A : Unfortunately, we need your PAN to open your account.

Q : I do not have an Aadhaar number. Can I still apply for a account?

A : Unfortunately, we need your Aadhar to open your account.

Q : My Mobile number is not registered Aadhaar number. Can I still apply for a account?

A : Unfortunately, we wont be able to accept your Account opening request as we will be unable to access your Aadhar data without OTP authentication which is done through registered mobile number.

Q : What is the eligibility to open Baroda Insta Click Savings account/ I am a Non Resident India Can I open the Account/ I am a minor ,can I open this account.

A : All resident individuals ( except Illiterate and Visually Challenged/ Blind Individuals) above the age of 18 years are eligible to open the Account.

Q : Can I chose my preferred branch?

A : Yes you are allowed to select your Branch as per PIN code in Aadhar Address.

Q : My communication address is different from my Aadhaar address. Can I proceed further

A : Yes, you can. You can add a new communication address in the account opening journey. After adding the new communication address, you can self-verify the address by ticking the self-verification box. There is no need to provide proof of current address.

Q : Can I have a physical Debit Card? How do I apply for one?

A :
  • Yes, you can! You can request a physical Debit Card at time of Account opening. You will be given Classic variant of Rupay Card.
  • Alternatively you can apply for Debit Card through Mobile Banking App M Connect Plus.

Q : When will I receive a cheque book* for my account?

A : Your account is a digital savings limited KYC account, and doesn’t come with a chequebook by default. If you want a cheque book, you are requested to visit your branch and submit your KYC documents and signature.

Q : How can I deposit money into my Baroda Insta Click Savings account?

A : You can deposit cash at Cash Deposit Machines of bank of baroda available in e lobby of the branches of bank of baroda. You can also fund your Account Debit Card or Net Banking of another bank . You can also share your VPA/UPI ID for collecting the funds from a third party.

Q : How much money can I deposit into my Baroda Insta Click Savings account?

A :
  • Maximum permissible Balance in the limited KYC account is Rs 1 Lakk on any day.
  • Maximum cumulative credit/deposit : is Rs 2 Lakhs in a Financial Year.

Q : Can I hold my account jointly with another applicant?

A : Unfortunately, this account is intended for a single user only, and cannot be held jointly.The permissible mode of operation is self only.

Q : I got disconnected/dropped from the Account Opening. How can I continue my application?

A : Don’t worry; we regularly back up all the information that you’ve entered. Please reopen the browser, and you will be able to continue from where you left off.

Q : Can I save my application and continue it later

A : Yes, All the information you’ve entered is regularly backed up to our servers. You may leave the app or close it at any point. When you return, you can resume from where you left off.

Q : How do I start using the Mobile Banking App once my account is activated?

A : Once your account is active, you can log in to the Mobile Banking App by entering your Mobile mumber and one time MPIN. You will be prompted to change your MPIN.

Q : What is a FATCA declaration and why do I need to make one?

A : FATCA stands for the Foreign Account Tax Compliance Act. RBI requires us to collect a FATCA declaration from every customer who opens a savings bank account with us.

Q : Why do I need to add a nominee to my account?

A : Adding a nominee to your account is the smart thing to do. In the unfortunate event of an accident or untimely death, the funds in your account will be transferred to your nominee quickly and easily.

Q : How can I withdraw cash through my Baroda Insta Click Savings account?

A : You can use your physical debit card to withdraw cash through an ATM. Alternatively you can use card less withdrawal facility at any of the Bank of Baroda ATM by generating one time password transaction from your Mobile Banking.

Q : What is UPI? How do I use it?

A : UPI stands for Unified Payment Interface. It is a payment method that lets you transfer money instantly.

Q : What is VPA and how can I use it to make payments?

A : VPA is a Virtual Payment Address that lets you make and receive UPI payments. Think of your VPA as your banking email address. You can send money to, or request money from anyone, with just their VPA. It’s instant, free, and it doesn’t matter which bank they use.

Q : How do I upgrade to a regular savings Bank account/ convert my account to Full KYC Account?

A : In order to upgrade to a regular savings bank account, you will need to verify your Full KYC details along with signature at your branch.

Q : Are there any limitations of this account?

A :
  • This account is a zero interest account which does not comes with a cheque book.You can transact only through digital channels like Mobile, Internet Banking.
  • This account is valid for a period of 1 year from date of account opening and comes with a maximum daily balance of Rs 1 lakh and annual credit of Rs 2 lakhs.
  • You can visit the nearest branch any time before expiry of 12 months of account opening and due full KYC for enjoying benefits of full KYC account

Q : How will I come to know about my Account Details

A :

Immediately after submission of Account Opening application you will be receiving a welcome mail detailing your Account no , Customer ID, Branch No and IFSC code and UPI ID.

Contact

079 – 68201111

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