Your business deserves the right financial partner.
Opt for Baroda Advantage Current Account and get multiple benefits.
Baroda Advantage Current Account
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Benefits
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Features
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Eligibility
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Documents Required
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Fees & charges
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Most Important Terms and Conditions (MITC)
Baroda Advantage Current Account Benefits
- Internet Banking Facility available.
- Mobile Banking (for Individual/ Proprietorship accounts only).
- Missed Call Facility available.
- Value added SMS Alert Facility .
- Debit/ATM Card: Baroda Vyapaar Card .
Baroda Advantage Current Account Features
- POS, Bharat QR Code & BHIM QR Code: Applicable charges.
- Internet Payment Gateway (IPG) facility available.
- Baroda Cash Management Services: Enjoy the convenience of BCMS services for bulk payment & collection at competitive rates offered by the Bank.
- Baroda Payment Gateway: Accept online payments through all modes through state of art payment gateway of the Bank.
- Baroda Pay Point: Accept online/offline payment through all modes with Low transaction fee and initial investments.
Baroda Advantage Current Account Eligibility
- All Individuals including Minors of age 14 years and above.
- Registered & Un-registered Trust.
- Businessman and professionals.
- Hindu Undivided Family (HUF).
- Proprietorship / Partnership firms.
- Private / Public Ltd Cos.
- Clubs & Association.
- Government Departments.
- Panchayat Samities.
- Charitable & Public Trusts.
- Registered & unregistered Societies.
- Banks and Financial Institutions.
Baroda Advantage Current Account Documents Required
List Of Valid KYC Documents For Account Opening | |||||
Permanent Account Number (PAN)/ FORM60 is mandatorily to be obtained while opening of the accounts as per extant Reserve Bank of India Guidelines. | |||||
Officially Valid Documents (OVDs) for Accounts of Individuals |
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Deemed Officially Valid Documents, In case OVD does not contains current/ updated address. (At least one document from the list is Required.) |
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In case of Foreign Students |
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For NRI / Foreign Tourist For PIO/OCI |
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For Foreign Nationals |
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Address proof mentioning the current overseas address (any one) |
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(FRRO/ FRO Certificate/ Permit/ Indian Driving License/ OVDs/ any Deemed OVD mentioned herein above, is required to be provided for Indian Address Proof.)
Accounts of Companies |
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Accounts of Sole Proprietary firms. |
(Any two of the following documents to be obtained)
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Accounts of Partnership firms. (Registered) |
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Accounts of Trusts |
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Accounts of Unincorporated Associations or body of individuals includes unregistered |
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Partnership firm/ trusts and societies. |
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Accounts of Hindu Undivided Family |
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Accounts of the Government or its Departments, societies, universities and local bodies like village panchayats etc. |
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Account of Political Parties |
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Baroda Advantage Current Account Fees & charges
Minimum Balance Requirement:-
Individual / Non Individual | |
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Rural / Semi-Urban | Rs 2000/- |
Urban | Rs 5,000/-* |
Metro | Rs 10,000/- * |
Charges for not maintaining minimum balance:-
MetroQuarterly Average Balance (QAB) of Rs 10000/- is not maintained | Rs 800/- per quarter |
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Quarterly Average Balance (QAB) of Rs 5000/- is not maintained | Rs 600/- per quarter |
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Quarterly Average Balance (QAB) of Rs 2000/- is not maintained | Rs 400/- per quarter |
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Cash Handling Charges-FOR CASH DEPOSIT:-
- Applicable to Base Branch, Local Non-Base Branches:- Beyond Cash Deposit of Rs. 50000/- Or above 10 packets i.e. 1000 pieces of notes of any denominations taken together, whichever is higher charges will be levied as under – Above 10 packets – i.e. 1000 pieces of notes charges will be levied @ Rs.10/- per packet or a part thereof. (Min. Rs.10/- Maxi. Rs.10000/- (per day per Txn.)
- Applicable to Outstation Branches:- Chargeable in case of cash deposit in excess of Rs 25000/- per day per account at Rs 2.50 per thousand or part thereof at outstation branch.
- 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 be given to the customer. Torne/Mutilated/Taped notes are not accepted by this machine.
Debit Card
- VISA Vyapaar Business Debit Card will be issued. Debit card will be issued free for the 1st year and thereafter charges will be levied.
Cheque Book:
- First cheque book of 50 leaves free.
- Subsequent cheque charge @ Rs.5/- per leaf.
- Quarterly Average balance of Rs.2 lakhs and above : no charges
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.800/-+GST will be deducted.
Withdrawal(s)
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. Third party cash payment at non-base branches is not allowed.
Charges for Standing Instructions:
Within the Bank - Not chargeable Rs 50/- per transaction plus applicable remittance charges in case of credits for outside the branch whether in same city or other cities i. e in other Branches / Offices such as LIC etc. plus actual postage charges.
Baroda Advantage Current Account Most Important Terms and Conditions (MITC)
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.
Transactions
All genuine purpose oriented transactions are allowed. There is no restriction on number of transactions in the current account subject to ledger folio charges.
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.
Unclaimed Deposit
Account remaining Dormant for 10 years are treated as unclaimed deposits and are transferred to RBI.
Disclosure of information
- The Bank may disclose information about customer’s account, if required and 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 commitments to customers and grievance redressal policy are available at the branches.
- MITCs OF ATM/DEBIT Card/ Mobile Banking/Net Banking are available separately.
- The Bank will notify, 30 days in advance, any change in terms and conditions/ Fees and charges on its website.
- Deposits along with interest kept in different branches of our Bank is insured by Deposit Insurance & Credit Guarantee Corporation (DICGC) maximum upto ₹ 5,00,000 (₹ 5 lakh).
Note:
- *All charges are exclusive of taxes.
- *All charges are subject to changes from time to time.
- *For latest service charges, please visit the Link https://www.bankofbaroda.in/interest-rate-and-service-charges/service-charges

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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.
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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.
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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.
