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Baroda Premium Current Account-Privilege (BPCAP)

Your Business Deserves The
Right Financial Partner.

Open a Bank of Baroda Current Account.

Baroda Premium Current Account-Privilege (BPCAP)

Ideal for customers with medium to large businesses, this current account offers a number of free services and benefits, such as an immediate credit of outstation cheques and auto payroll.

  • Auto and reverse Sweep facility enabling Current account holders to earn Interest.
  • Monthly statements: Two times in a month free.
  • Balance Certificate :Free
  • Folio Charges: Free
  • Signature verification: Free
  • Cheque book: Free
  • Auto Payroll: Free
  • Free Baroda Connect (Internet Banking): Free
  • Free Mobile Banking for Individual/ Proprietorship accounts only.
  • Immediate credit of outstation cheques: Maximum outstanding not to exceed Rs.1,50,000/-at any time.
  • Missed Call Facility : Free
  • SMS Alert Facility: Free
  • POS/ QR code facility available.
  • Internet Payment Gateway (IPG) facility available.
  • 100 % discount on issuance of Demand Draft / Bankers cheque.
  • 20% Rebate/ Discount on locker Rent if locker rent is paid in advance for three years and above in lump sum to proprietor/ partners/ directors
  • Discount on Demat Services: 25% waiver of annual custody charges to partners, directors, proprietors and up to two authorized managing members of other bodies.
  • Waiver of processing charges: 100 % Waiver in case Car Loans are in the name of Proprietor, Firm and Company.
  • Collection of outstation cheques by sending cheques physically through post- No collection charges, only postage payable.


All genuine purpose oriented transactions are allowed. There is no restriction on number of transactions in the current account

Transfer transaction

In case of transfer transaction one entry i.e. either debit or credit entry of the transaction must be in the branch transferring the fund

Cash Deposit

  • At base branch and local non-base branch: Upto Rs.50000/- Or Up to 10 packets i.e. 1000 pieces of notes of any denominations taken together, whichever is higher - free of charge per day. For additional 1000 pieces (10 packet) or part thereof charges @Rs.10/- (Min Rs.10/- & Max. Rs.10,000/-) will be charged.
  • At outstation branches: There is no restriction for cash deposit in outstation branches if PAN is available in the account. Service charge will be levied as under:
    Shortfall in average balance Slab of charges
    Up to 25,000/- NIL
    Above 25000 to 50000 25/-
    Above 50,000/- to 1 Lac 50/-
    Above 1 Lac 100/-

    Without PAN or Form No 60/61 max. amount of Rs.49999/- cash can be deposited in the account in a day

  • At Cash machines: Cash deposit with debit card is allowed up to Rs.2,00,000/- (2 Lacs) per day where PAN is registered and Rs.49,999/- where PAN is not be registered in account. Card less transaction (by feeding account number) is allowed up to Rs. 20,000/- per day. Fake note, Suspicious Note is impounded and receipt will given to the customer. Torne/Mutilated/Taped notes are not accepted by this machine.

Minimum Balance Requirement

Minimum QAB is Rs.2,50,000/-. Service Charge of Rs.1000/-+GST (any area) for Non-maintenance of QAB.

Interest Payment

No interest is payable in current account except in case of deceased account where interest @ of saving banks is paid from the date of death of the account holder till the settlement of the account.


Withdrawal allowed by cheque only. No upper limit for cash withdrawing at base branch. At local non-base branch and outstation branches Cash withdrawal up to Rs.25,000/- per day per account is free of charges thereafter service charges is levied @ Rs.2/- per thousand or part thereof minimum Rs.50/- and cash withdrawal is allowed to account holder up to Rs.50,000/- per day only by self cheque. Third party cash payment at non-base branches is not allowed.

Statement of Account

Statement of Account is provided twice a month free of cost. Duplicate statement will be issued with present balance only @ service charge of Rs.100/-+ GST. For old entries of individual accounts charges @ Rs.75/-per ledger page (25 entries treated as one ledger page). For Non-individual accounts charges @ Rs.150/-+ GST for duplicate statement with current Balance only. For old entries the rate is Rs.150/- per ledger page for non-individual accounts.

Folio Charges

No folio Charges are levied in this account.

Cheque Book

Unlimited Free cheque books will be issued.

Debit Card

Debit Card will be issued to Individual and Proprietor accounts only. Debit card will be issued free for the 1st year and thereafter charges @Rs.150/-+GST p.a. for Classic variant and Rs.200+GST for Platinum variant will be levied.

Standing Instruction

For Standing Instruction within the Bank there is no charge. Charges @Rs.50.00+Remitance Charge+ Postage charged for SI sent out of the branches. Charges @ Rs.100/-per occasion will be deducted if the instruction could not be executed on a particular date due to insufficient balance.

Transfer/ Closure of Accounts

A/c can be transferred/ closed at the written request of customers only. New cheque book will be issued to him. No charges required for transfer of an account. For closure of Current account within one year @ Rs.600/-+ GST will be deducted.

Unclaimed Deposit

Account remaining Dormant for 10 years are treated as unclaimed deposits and are transferred to RBI.


The Bank may disclose information about Customer’s account, if required or permitted by law, rule or regulations, or at the request of any public or regulatory authority or if such disclosure is required for the purpose of preventing frauds, or in public interest, without specific consent of the account holder/s.

All relevant policies including code of commitment to customers and grievances redressal policies are available at the branch.

The bank will notify, 30 days in advance regarding any change in Terms & Conditions/ fee and charges on its website.

DICGC Insurance Cover

Details of insurance cover in force under the scheme offered by Deposit Insurance and Credit Guarantee Corporation of India (DICGC) to the extent of Rs.5/- lakh per depositor.

Addition/deletion of Joint Holder

Rs.100/-+GST per occasion (No charges in case of death).

Addition/Changing Nominee

Rs.50/- +GST per occasion (No charges in case of death)

Change of Authorized Signatory

Rs.250/- per change

Stop Payment

Rs.200/-+GST per Instrument; Rs.1000/-+GST for whole cheque Book

Allowing operation through POA/ Mandate


Opening A/c with restrictive operation

Rs.500/- per instruction

Cheque Return Charges

Inward Return Charges: Rs.125/-+GST (Up to Rs.1 Lac), Rs.250/-+GST (Rs.1 Lac to 1 crore) & Rs.500/-+GST (Above 1 Crore).
Outward Return Charges Rs.250/-+GST (Up to Rs.1 Lac); Rs.500/-+GST (Rs.1 Lac to 1 Crore) & Rs.750/-+GST (Above 1 Crore)
Financial Reason (both for drawer & payee). If Cheque returned for Technical Reasons for no fault of Customer no charges are deducted.

Copy of original of cheque / DD (paid by the Bank)

Rs.100/-+GST upto 6 months old record, beyond 6 months- Rs. 250/-+GST

Sweep facility

  • First Sweep out for Rs 25,000 will take place only when account balance reaches Rs 5,25,000/- for 15 to 91 days.
  • the threshold amount of Rs 5,00,000/- can be increased in multiples of Rs 1,000/-
  • Sweep out amount of Rs 25,000/- can be increased in multiples of Rs 25,000/-
  • Sweep will take place on every Monday

20% discount in locker rent if paid in advance for three years & above in lump sum

Free of charge facility for Net Banking, Mobile banking, Auto payroll, Demand Draft, Banker’s Cheque, collection of outstation cheque.

Immediate credit of outstation cheque not exceeding Rs.1,50,000/- after 3 months of opening of the account.

Waiver of processing charges of Car Loan in the name of proprietor, firm and Co.

Free SMS Alert facility.

No charges for Signature verification, Balance certificate, Transfer of fund at Outstation CBS Branches (outside clearing Area), Clearing of cheque of Non-base Branch.

Rules for Transfer/ inter-sol transfer/clearing transactions and charges

  • Transfer Transaction at base branch

    Allowed freely without any limit

  • Transfer Transaction at Non-base branch (local as well as outstation)

    Normally allowed only at a branch where either drawer or payee maintains account. However, for genuine transactions, Branch Head is authorized to allow transactions at non-base branch (where neither drawer nor payee maintains account) on case to case basis subject to certain conditions. There are no charges for Inter-sol transfer transactions.

  • Clearing Transactions

    There is no restriction for clearing transactions

*All Charges are exclusive of Taxes.
*All charges are subject to changes from time to time.
*For latest service charges, please visit our website www.bankofbaroda.com

Who can open a current account?

An individual, proprietorship and partnership firm, limited company and even a limited liability partnership can open a current account. For specific eligibility criteria on current account opening, contact the nearest branch.

What is the minimum balance needed for a current account?

One of the benefits of a current account is the low minimum average quarterly balance. However, this amount varies based on the type of current account you hold. Ask your relationship manager or bank executive for more details.

What are the benefits of a current account ?

With a current account, you can do a large number of transactions in a single day. You also access several banking services free of charge, depending on the type of current account. This includes applying for overdraft facilities on your current account.

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