An account that goes beyond saving. It empowers.

Open bob Salary Premium Account and get attractive benefits

  • Benefits
  • Features
  • Eligibility
  • Documents Required
  • Interest Rates and Charges
  • Most Important Terms and Conditions (MITC)

bob Salary Premium Account : Features

  • Inbuilt- Overdraft facility available immediately after 1st salary Credit Upto ₹ 3 lakhs*
  • Discounts on locker rentals, demat AMC and issuance fee of prepaid cards.
  • Free remittance facility on RTGS/NEFT/IMPS.
  • 100% Waiver on processing charges on retail loans.
  • Free unlimited DD/BC
  • Lifetime free Visa sapphire Debit Card
  • Free Personal Accident Insurance Upto ₹ 40.00 lacs*

bob Salary Premium Account : Eligibility

Salary band: Gross monthly salary above Rs. 1 lakh to Rs. 2 lakh
Suitable for Middle management.

bob Salary Premium Account : Documents Required

  • Applicable documents for opening Savings account as per extant guidelines.
  • Salary related documents such as Latest Salary Slip, Appointment Letter etc.
  • Declaration stating the Terms and Conditions of the benefits under the Baroda Corporate Salary Package Account Scheme

bob Salary Premium Account : Interest Rates and Charges

For Interest Rates & Charges please “Click Here”

bob Salary Premium Account : Most Important Terms and Conditions (MITC)

Baroda Salary Premium (SB176): GROSS monthly salary above Rs. 1 lakh to Rs. 2 lakhs

Salary Band
  • GROSS monthly salary above Rs. 1 lakh to Rs. 2 lakhs

  • Age: - 18 to 60 Years (Salaried Customer having Account in the Scheme before retirement can continue the Account till attending the age of 70 years subject to crediting of Pension in the Account).

Suitable for
  • Middle management

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.

Cheque Books
  • Free Unlimited Chequebook

  • Free Unlimited RTGS/NEFT/IMPS/UPI

Inbuilt-Overdraft Facility
  • Available immediately after first salary credit.
  • Amount of overdraft equivalent to the net credit of first salary rounded off to nearest figure in thousands.
  • Maximum: Rs. 3 lakhs.
  • Clean overdraft.
  • Overdraft is to be adjusted in full once in 60 days of availing the same.

Demand Draft/Banker's Cheque
  • free unlimited DD/BC

Internet Banking/Mobile Banking
  • Free

Debit Card
  • Lifet Time Free Visa Sapphire Debit card (Renewal & Issuance Charges)

Waiver in Processing Charges on Retail Loans
  • 100% Waiver in processing charges on HOME Loans. (Subject to recovery of minimum charges per property to be mortgaged as out of pocket expenses (for legal, valuation etc).
  • 100 % Waiver in Processing Charges on Auto, Education & Personal Loans

* Applicable on mortgage based retail loans.

Discount on Depository Services/Demat AMC
  • Waiver of 100% in charges.

Lockers Charges
  • 40% discount on locker rentals (subject to availibility)

Other Benefits
  • Sweep facility available on specific request of Customer.
  • 75% waiver on issuance / Renewal Charge for Prepaid /Gift card.
  • Bob World Mobile Banking Application with 225+ Services

A/c Opening
  • Fully digitised

A/c Activation
  • Instant

Interest Calculation and Frequency
  • Interest for the period February to April will be credited in May, Interest for May to July will be credited in August, interest for August to October will be credited in November and interest for November to January will be credited in February every year.

Dormant/Inoperative Account
  • Account becomes inoperative/dormant, if there are no customer-induced transactions in savings account for over a period of two years. Interest is continued to be applied in all such savings bank accounts. No charges are levied for the in-operation of accounts.
  • Activation/closure of dormant/inoperative accounts will be done after submission of necessary KYC documents, photo, fresh specimen signature, subject to satisfaction of the Bank.
  • All accounts which have remained inoperative/dormant for a period of 10 years and above will be treated as unclaimed deposits and will be transferred to RBI. Upon receipt of the request from the customer, such deposits will be returned subject to conditions.

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 in application forms are available separately.
  • The Bank will notify, 30 days in advance, about 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 up to Rs. 5 lakhs.

Frequently Asked Questions (FAQs)

  • What is bob salary premium account?

    Individuals with a net monthly salary of rs. 1 lakh to rs. 2 lakhs can open a bob salary premium account. A savings account that employees in middle management can easily shuffle and use.

  • What should be my net monthly salary to open bob salary premium account?

    The net monthly salary should range between 1-2 lakhs.

  • How to open a bob salary premium account?

    Open one bob salary premium account conveniently via the branch or online by visiting here.

  • Is there any minimum balance required for bob salary premium account?

    Minimum balance criteria do not apply to bob salary premium account.

  • What is the interest rate for bob salary premium account?

    The interest rate on the bob salary premium account is the same as the interest rate on a regular savings account. For the most recent rates, please visit our “interest rates” section of our website.

  • Can we have two accounts under bob salary premium account scheme?

    Unfortunately, no. That is not allowed under bob salary premium account scheme.

  • Does bob salary premium account provide sweep facility?

    Yes, a sweep facility is available on certain conditions. Please speak to your personal banker to know more.

  • Can NRI open bob salary premium account?

    No, only indian citizens can open a bob salary premium account.

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