One More Step Towards Women Empowerment

Open bob Women Power Current Account and get attractive benefits.

bob WOMEN POWER Current Account

A bob Women Power Current Account offers a wide range of benefits Women customers, such as free Debit card and MPOS/POS. Open bob Women Power Current Account with us today and enjoy the convenience of Digital banking other benefits such as BCMS, POS, IPG, BHIM Facilities

Read More
  • Benefits
  • Features
  • Eligibility Criteria
  • Documents Required
  • Fees & Charges
  • Most Important Terms & Conditions (MITC)

bob WOMEN POWER Current Account : Benefits

bob WOMEN POWER Current Account : Features

  • Collateral Free OD limit available*
  • Auto and reverse sweep facility enabling current account holders to earn interest
  • Folio Charges - free
  • Balance Certificate - free
  • Signature Verification - free
  • Free online Monthly statement - free
  • 100 % Discount in Processing Charges for Retail Loans (Home, Auto, Education, Mortgage and Personal Loans)**
  • Avail BCMS, IPG, POS, QR, Soundbox, BHIM facilities
  • Internet Payment Gateway (IPG) facility available
  • Free Baroda Connect (Internet Banking) - free
  • POS/ QR code facility available
  • 50 % Discount Locker Issuance and Renewal Charges (Subject to Availability)**
  • Discount of 0.25% on Interest Rates of 2 Wheeler Loans**
  • Discount of 0.10% on Interest Rates of Auto Loans**
  • Discount of 0.10% on Interest Rates of Home Loans**
  • Discount of 0.10% on Interest Rates of Mortgage Loans**
  • Discount on Demat Services - Discount on Annual Custody / Maintenance Charges for Individual Demat Accounts to Proprietors, Partners, Promoters, Directors, and up to 2 authorized signatories of the Current Account as per Constitution.

    • ** Discount to be offered to Account opened between 08.03.2024 to 30.06.2024 and facilities availed / Loans sanctioned upto 31.12.2024 

bob WOMEN POWER Current Account : Eligibility Criteria

  • Women Entrepreneurs
  • Firms / Companies having Women as Beneficial owners.

bob WOMEN POWER Current Account : Documents Required

Accounts of Companies Certificate of Incorporation
Memorandum & Articles of Association.
PAN No. of the Company
Resolution of the Board of Directors and Power of Attorney granted to its managers, officers or employees to transact on its behalf; and
Any one of the OVDs and PAN/FORM60 of the managers, officers or employees, as the case may be, holding an attorney to transact on its behalf with his / her photograph
Accounts of Sole Proprietary firms. (Any two of the following documents to be obtained)
Registration Certificate
Certificate/ license issued by the municipal authorities under Shop & Establishment Act,
Sales and income tax returns,
CST/ VAT/GST Certificate (Provisional/Final),
Certificate / registration document issued by Sales Tax / Service Tax / Professional Tax authorities.
IEC (Importer Exporter Code) issued to the proprietary concern by the office of DGFT or License/ certificate of practice issued in the name of proprietary concern by any professional body incorporated under statute
Complete Income Tax return (not just the acknowledgement) in the name of Sole Proprietor where the Firm's income is reflected, duly authenticated/ Acknowledged by the Income Tax Authorities.
Utility bills such as electricity, water, and landline telephone bills in the name of the proprietary concern. In case where the branches are satisfied that it is not possible to furnish two such documents from the above list, they would have the discretion to accept only one of those documents as activity proof. In such cases, the branches would have to undertake contact point verification, collect information to establish the existence of such firm, confirm, and satisfy itself that the business activity has been verified from the address of the proprietary concern.
AND
Any one of the OVDs along with PAN/ FORM60 of the proprietor.
Accounts of Partnership firms. (Registered) Registration certificate,
Partnership deed; and
PAN No. of the Partnership Firm,
Any one of the OVDs and PAN/ FORM60 of the person holding an Attorney to transact on its behalf with his/ her photograph
Accounts of Trusts Registration Certificate
Trust Deed
PAN/ FORM60 of Entity
Any one of the OVDs and PAN/FORM60 of the person holding an Attorney to transact on its behalf with his/her photograph.
Accounts of Unincorporated Associations or body of individuals includes unregistered Resolution of the Managing body of such association or body of individuals;
PAN/ FORM60 of Unincorporated Associations or body of individuals
Power of Attorney granted to transact on its behalf;
Partnership firm/ trusts and societies. Any one of the OVDs and PAN/ FORM60 of the Office bearers / Signatories and persons holding Power of Attorney, if any with his/her photograph in respect of the person holding an Attorney to transact on its behalf;
Any one of the below mentioned list of documents to collectively establish the legal existence of such an associations or body of individuals.
Partnership Deed/ Trust Deed/ Bye Laws
Certificate/ license issued by the municipal authorities under Shop & Establishment Act,
Sales Tax Returns,
CST/ VAT/ GST certificates (Provisional/ Final)
Certificate/ registration document issued by Sales Tax/ Service Tax/ Professional Tax authorities.
License/ certificate of practice issued in the name of proprietary concern by any professional body incorporated under statute.
Complete Income Tax return (not just the acknowledgement) in the name of Sole Proprietor where the Firm's income is reflected, duly authenticated/ Acknowledged by the Income Tax Authorities.
Utility bills such as electricity, water, and landline telephone bills in the name of the concerns.
Accounts of Hindu Undivided Family PAN Card of HUF.
Declaration from the Karta.
HUF Letter/ Declaration signed by all the coparcener and Karta.
Any one of the OVDs and PAN/ FORM60 of the Karta with his / her photograph
Accounts of the Government or its Departments, societies, universities and local bodies like village panchayats etc. Document showing name of the person authorized to act on behalf of the Government or its Departments, societies, universities and local bodies like village panchayats;
Any one of the OVDs and PAN/FORM60 of the person holding an attorney to transact on its behalf and
Any document to establish the legal existence of such an entity/ juridical person.
Account of Political Parties Duly signed resolution of the working committee/ managing body as per bye- laws indicating details of the party president/ authorized signatory, tenure etc.
PAN of the Political Party
Power of Attorney granted to transact on its behalf;
Duly authenticated copy of Constitution/ Bye laws of the Party
Duly authenticated copy of Registration of Party with election commission
Authority letter, on party letter head, from Party president/ Authorized signatory as per Bye-laws for opening of account mentioning address of the State Unit, Title of Account and operating instructions for authorized signatory with attestation of their signature and photograph.
Any one of the OVDs and PAN/ FORM60 of the Office bearers / Signatories and persons holding Power of Attorney, if any with his/her photograph in respect of the person holding an Attorney to transact on its behalf;

bob WOMEN POWER Current Account : Fees & Charges

Monthly Charges for POS / MPOS 100% waiver of monthly Rental Charges, subject to a minimum transaction by each POS Machine of Rs. 2.00 Lacs per month over and above the complemtary POS machines.
Monthly Charges Waiver of Soundbox 100% waiver of monthly Rental Charges, subject to a minimum transaction by each Soundbox Machine of Rs. 1.00 Lacs per month over and above the complemtary Soundboxes.
Monthly Average Balance (MAB) Requirement ₹ 10,000/-
Charges for Non-Maintenance of Monthly average Balance ₹ 250/- per Month
Cash Deposit / Handling Charges No charges upto ₹ 1,00,000 Cash deposit at any Branch
Cheque Book First cheque book of 50 leaves free. Subsequent cheque charge @ Rs.5/- per leaf.
Free Cash Withdrawal at Base Branch, Local Non Base and Outstation Branch (excluding ATM withdrawals) 5 Transaction per month and Beyond that charges of Rs. 150/- per transaction.
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
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.
Charges for Standing Instructions: Within the Bank - Not chargeable Outside bank - 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
Total limit on Immediate Credit of Outstation Cheque (at any point of time) ₹ 50,000/-

bob WOMEN POWER Current Account : Most Important Terms & 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.
Sweep facility
  • The Minimum threshold amount should be ₹ 2,00,000/- . First Sweep out for ₹ 50,000 will take place only when account balance reaches ₹2,50,000/- for 15days.
  • Sweep will take place on every Monday. In case of holiday sweep will take place on the next working day.
  • On maturity the proceeds of sweep amount will be credited to respective current account. Rate of interest on short deposit will be period specific as per bank’s Term Deposit rate. TDS will be applicable as per IT rules.
  • Sweep in will take place on LIFO (Last in First Out) basis in multiples of Rs.50,000/-.
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:

Need Assistance?

Related Products

Banking Mantra

View All
  • 01 Jan 2021
    #EkForeverRishta - Our Commitment to Customers
    7wgLxHwMq5g
  • 01 Jan 2021
    #EkForeverRishta - Spreading Joy Among Our Customers
    ZNAl3O4y0Rs
Compare Products
Select Another card to compare

Select Another card to compare
Select Another card to compare

Select Another card to compare
Select Another card to compare

Select Another card to compare
Apply Now Know More
Apply Now Know More
Choose cards to compare
Filters
Reset

Please select

Remove All Compare

Add this website to home screen

Are you Bank of Baroda Customer?

Yes No

This is to inform you that by clicking on continue, you will be leaving our website and entering the website/Microsite operated by Insurance tie up partner. This link is provided on our Bank’s website for customer convenience and Bank of Baroda does not own or control of this website, and is not responsible for its contents. The Website/Microsite is fully owned & Maintained by Insurance tie up partner.


The use of any of the Insurance’s tie up partners website is subject to the terms of use and other terms and guidelines, if any, contained within tie up partners website.


Proceed to the website


Thank you for visiting www.bankofbaroda.in

X
We use cookies (and similar tools) to enhance your experience on our website. To learn more on our cookie policy, Privacy Policy and Terms & Conditions please click here. By continuing to browse this website, you consent to our use of cookies and agree to the Privacy Policy and Terms & Conditions.