Baroda Salary Classic (SB174) - Net monthly salary of Rs 10,000.00 – Rs 50,000.00
Net Monthly Salary credit of less than Rs 50,000.00
Minimum Salary credit Rs 10,000.00
Age of the applicant should be 18 years and above
Entry Level Staff/trainees
Aadhar is must as KYC to open account under the scheme.One proof of Address and Proof of Identity is required .
Minimum Deposit Amount
Allowed to open with zero balance subject to immediate salary credit in the following month
Minimum Quarterly Average Balance QAB
Zero balance account
Charges for Non-maintenance of QAB
Not applicable as account type is zero balance account
Free 50 cheque leaves per year, thereafter Rs. 5.00 per leaf.
Interest Payable in SB
3.25% for balances upto Rs 50.00 lacs and 3.75% for balances above 50.00 lacs.
NEFT/RTGS free through Online channel
Inbuilt- Overdraft Facility
- Available immediately after 3 salary credits.
- Amount of overdraft equivalent to net credit of average of last three salary credit rounded off in multiples of nearest figure in thousand.
- Maximum -Rs 50000.00
- Clean Overdraft.
- Overdraft is to be adjusted in full once in 60 days of availment of the same.
Demand Draft/Banker's Cheque
Three DD/BC free per quarter for personal use. Maximum Amount Rs 100000/- per Quarter.
Internet Banking/Mobile Banking
Free Baroda Rupay Classic Debit Card for first year,thereafter chargeabe @ 150+taxes per year. Daily Cash Withdrawal limit Rs 25000.00 and Online Purchase limit is Rs 50000.00
Inbuilt Accidental Insurance of Rs 1.00 lac.Attractive offers linked to Debit card cards .
- Free unlimited transactions at Bank of Baroda ATMs
- Other Bank ATM- 5 free transactions per calendar month.
Waiver in Processing Charges on Retail Loans
- 25 % waiver on processing charges for Housing Loan, Auto Loan, Education Loan and Mortgage Loans. 100% waiver in Processing charges for Personal Loan
- Subject to recovery of minimum Rs. 7500.00 per property * to be mortgaged as out of pocket expenses (for legal, valuation etc).
* Applicable on mortgage based retail loans
Concession in Rate of Interest for Auto Loans
For the employees who has availed Home Loan, a concession of 0.25% in applicable ROI of Auto Loan
Discount on Depository Services/ Demat AMC
Waiver of 50% in charges,
Free lifetime Easy varaint of Credit card subject to eligibility critirieon of minimum incomeof Rs 25000/month and signing of auto debit mandate for debit of minimum due amount on card from salary account.
*Insurance only for Primaary Card Holder* ( Insurance linked to credit card)
Compementary Air Accidental Insurance of Rs 15.00 lac and other accidental insurance cover of Rs 5.00 lacs .
5% discount on locker rentals.
- Free Alerts.
- Sweep facility availaible on specific request.
- 25% waiver on issuance charges for Gift/Travel card
- Free M connect
- Baroda Rewardz Program.
Relationship Managers available on Phone.