Current Account for LIC/ Other Insurance Companies

Current Account for LIC/ Other Insurance Companies

• Eligibility - Life & General Insurance companies
• Minimum Balance: NIL;
• Maximum Balance: No limit
• Monthly statements: Free (once in a calendar month)
• Folio Charges: Free (if minimum Quarterly Average Balance maintained is Rs.1,00,000/-).
• Cheque Book: Free 1st cheque book of 50 leaves.
• Free Baroda Connect (Internet Banking).
• POS/ QR code facility available.
• Baroda Cash Management Service (BCMS) facility available.
• Internet Payment Gateway (IPG) facility available.
• Immediate credit of outstation cheques: Up to Rs.20,000/- (for 6 months old A/c’s with satisfactory transaction only).