• Fiancial Inclusion

Connecting rural India to mainstream banking.

Bank of Baroda, for rural India, with rural India.

Financial Inclusion

  • Important Notification
  • Micro Insurance
  • RuPay PMJDY Debit Card
  • Micro Insurance- Enrolment & Claim forms

Financial Inclusion : Important Notification

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Notice for information to general public and customers of Bank of Baroda particularly: It has been decided to levy revised Charges for AePS OFFUS transactions in Non-BSBD Accounts with effect from 11th February 2024 .

Type of Transactions (In Non BSBD account maintained with Bank of Baroda) Current Charges Revised Charges
AePS cash withdrawal (debit) at CSP /BC points of other Banks Free Rs. 20/- + GST
AePS Fund Transfer (debit) from Bank of Baroda to beneficiary at other Bank Free

Notice for information to general public and customers of Bank of Baroda particularly: It has been decided to levy Charges for AePS OFFUS/ONUS transactions in BSBD Accounts from 05/04/2023.

Type of Transactions (In BSBD account maintained with Bank of Baroda) Current Charges Proposed Charges (Approved)
AePS cash withdrawal  (debit) at CSP / BC points of Bank of Baroda Free Overall maximum   4 free debits allowed in a month. Above -4- free debits Rs. 20/- + GST will be charged for each debit
AePS cash withdrawal  (debit) at CSP / BC points of other Banks Free
AePS Fund Transfer (debit) to beneficiary within the Bank Free
AePS Fund Transfer (debit) from Bank of Baroda to beneficiary at other Bank Free
Card + PIN based Cash Withdrawal at ATMs / Micro ATMs of Bank of Baroda Free
Card + PIN based cash withdrawal at ATMs / Micro ATMs of other Banks 5 transactions (including financial and non-financial) free in a month. Above -5-, Rs. 15/- + GST
Card + PIN based cash withdrawal at ATMs / Micro ATMs of other Banks 5 transactions (including financial and non-financial) free in a month. Above -5-, Rs. 15/- + GST Balance enquiry will not be charged

Services available at BC Points

Do’s and Don’t for Customers at BC point

Notice to all customers for Discontinuing Non Aadhar Based Enrolments/Transactions at all BC Points working in the state of Assam and Meghalaya. Download

Financial Inclusion : Micro Insurance

Micro Insurance

Social security in the form of micro insurance can be a boon for the poor, when the income raising ability of the breadwinner is impaired. In India, the micro insurance schemes are mostly implemented by the MFIs as a compulsory element along with the micro credit provided. Micro insurance schemes can be considered as a stepping stone to social protection.

Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY) are two open ended micro insurance schemes initially launched on 9th May, 2015 and implemented w.e.f. 01/06/2015.

PMJJBY is one of the flagship schemes under the ambitious social security scheme captioned "Jan Dhan Se Jan Suraksha" launched by Government of India on 1st of June, 2015. In absence of any formal social security system in India, Government had envisioned a larger set of population through the banking channel.

Under both schemes the risk period is fixed for 12 months i.e. 1st June to 31st May. In PMSBY, any good health certificate is not required. The PMJJBY scheme is also a strong enabler to canvass new savings Account which are fully funded in nature. It has been decided to aggressively canvas this scheme to our existing eligible SB account holders who are still not covered under the scheme till date along with other SB accounts which are being opened fresh.

  • Provisions available for customers to enroll under PMSBY & PMJJBY

    For fresh enrollments under both the schemes PMSBY & PMJJBY done starting from 1st June, 2016 and following amenities have been made available to our customers through which they can enroll themselves under PMSBY & PMJJBY:

    Sr.No. Provision of enrollment under PMSBY & PMJJBY Procedure
    1 Branch Submission of enrollment forms at branch and ensuring sufficient balance in account. (Forms available below).
    2 BC Point BC can do the enrollment of customers in kiosk portal.
    3 bobWorld In bobWorld, under “Invest” tab.
    4 Internet Banking In Bobibanking under the "Services" tab.
    5 SMS through Registered Mobile Number PMSBY, send SMS to 8422009988 PMSBY " space " Last 4 digit of account number " space " Y
    Example: PMSBY 2503 Y
    PMJJBY, send SMS to 8422009988 PMJJBY " space " Last 4 digit of account number " space " Y
    Example: PMJJBY 2503 Y
    6 Missed Call through Registered Mobile Number PMJJBY, Call 8468001133
    PMSBY, Call 8468001144
  • Pradhan Mantri Jan-Dhan Yojana Overdraft up to Rs. 10,000 in PMJDY Accounts
    Sr. No. Modalities of Scheme  
    1 Purpose General purpose loan to provide hassle free credit to low income group/underprivileged customers to meet their exigencies without insistence on security, purpose or end use of the Credit.
    2 Eligibility (Individuals Only)
    • All BSBD accounts, which are operated satisfactorily for at least six months.
    • The account should be active with regular credits. Credits could be from DBT or DBTL or from any other source.
    • Account should be seeded and authenticated with Aadhaar and Mobile No.
    • Age of the applicant between 18 years to 65 years.
    3 Nature of Facility Running OD facility in SB account.
    4 Period of sanction 36 months subject to review of the account thereafter.
    5 Loan amount Minimum OD amount of Rs. 2,000/- and maximum Rs. 10,000/-. Beyond Rs. 2,000/- following stipulations to be followed:- 4 times of average monthly balance. Or, 50% of credit summations in account during the preceding 6 months. Or, Rs. 10,000/- whichever is lower.
    6 Interest Rate @ 1 Year MCLR + 3%
    7 Security Nil
    8 Processing Charges Nil
    9 Sanctioning Authority Branch
  • Most Important Terms and Conditions (MITC)-Overdraft facility under Pradhan Mantri Jan Dhan Yojana
    • BSBD account, which is operated satisfactorily for at least six months.
    • OD to be granted to the earning individual of the family subject to only one member from a family can be granted limit.
    • There should be regular credits under DBT/DBTL scheme/other verified sources.
    • BSBD account holder should not be maintaining any other savings bank account with any bank/branch to ensure compliance with RBI directives
    • Age of applicant between 18 years to 65 years.
    • Minor i.e. customer below the age of 18 years are not eligible for OD under PMJDY.
    • KCC/GCC borrower is not eligible for PMJDY OD.
    • Minimum OD amount Rs, 2,000/- without any assessment subject to fulfilling the above eligibility criteria
    • For amount beyond Rs.2000/-, eligible amount for overdraft is 4 times of average balance of preceding six months or 50% of credit summation in the preceding six months or Rs. 10,000 whichever is lower.

Financial Inclusion : RuPay PMJDY Debit Card

RuPay PMJDY Debit Card

Sr. No. Modalities of Scheme
1. Eligibility All PMJDY account holders
2. Insurance RuPay PMJDY Debit Card has an in-built accidental insurance coverage of Rs. 1 lakh for all RuPay PMJDY Debit card holders as per RuPay Insurance Policy of NPCI which is subject to change every year. Further in case of PMJDY account opened after 28.08.2018, the accidental insurance coverage of Rs. 1 lakh has been increased to Rs. 2 lakh to RuPay PMJDY Debit Card holder.
3. Insurance Protection for Accidental death & permanent total disability.
4. Eligibility criteria to get insurance cover Minimum one successful financial or non-financial transaction at any of bank Channel both Intra and Inter-bank i.e. on-us (ATM /Micro ATM / POS / E-com / Business Correspondent of the bank at locations by any payment instrument) within 90 days prior to date of accident including accidental date of RuPay PMJDY Cardholders or off us (same bank channels- Bank Customer/RuPay cardholder transactions at other bank channels).
5. Insurance Beneficiary The beneficiary could be nominee of the account of the cardholder or legal heir as per competent court order.
6. Intimation Period Within 90 days of the date of accident.
7. Claim submission period Within 60 days from the date of claim intimation.
8. Issuance of RuPay PMJDY Debit Card to Minors Minors above the age of 10 years opening Savings Bank Account under Financial Inclusion Scheme in his individual name with operational instruction as “Self” (not through father & natural guardian) can be issued a RuPay PMJDY debit card.

Financial Inclusion : Micro Insurance- Enrolment & Claim forms

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