Baroda Police Forces Salary Package

Personal Accidental Insurance offerings for Serving Personnel

Eligibility Age:

• Minimum    : 18 Years
• Maximum   : 60 Years or retirement age whichever is earlier (62 Years for M.P. Police)

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Free PAI Coverage:

• PAI Death Cover - On- duty upto ₹ 105 Lakhs and Off-duty upto ₹ 90 Lakhs
  1. Salary account cover On-duty ₹ 75 Lakhs and Off-duty ₹ 60 Lakhs
  2. Additional cover ₹ 10 Lakhs on Debit Card (Rupay variant)
  3. Additional cover ₹ 20 Lakhs on Credit Card (Co-branded Credit card)
• Permanent Total Disability (PTD) cover upto ₹ 60 Lakhs
• Permanent Partial Disability (PPD) cover upto ₹ 30 Lakhs

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Free Add-on covers:

• Daughters’ Marriage Cover (18-25 Years): upto ₹ 6 Lakhs (10% of entitled Base PAI Cover)
• Child Higher Education cover: upto ₹ 6 Lakhs (10% of entitled Base PAI Cover)
• Air Accident Insurance cover upto ₹ 1 Crore
• Inclusion of deaths in active operations in Personal Accident Insurance
• Transportation of Dead Body- maximum upto ₹ 50000/-
• Cost of Plastic Surgery / Burn- maximum upto ₹ 2 Lakhs

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Free Personal Accidental Insurance for Veterans

• Eligibility Age:
  1. Minimum     : 60 Years or retirement age whichever is earlier
  2. Maximum   : 70 Years
• PAI Death Cover - upto ₹ 60 Lakhs
  1. Pension account cover upto ₹ 30 Lakhs
  2. Additional cover ₹ 10 Lakhs on Debit Card (Rupay variant)
  3. Additional cover ₹ 20 Lakhs on Credit Card (Co-branded Credit card) upto 70 Years
• Permanent Total Disability (PTD) cover upto ₹ 30 Lakhs
• Permanent Partial Disability (PPD) cover upto ₹ 15 Lakhs



Important Terms and Conditions for Personal Accidental Insurance Cover

• Maximum Base PAI Cover ₹ 60 Lakhs for Serving Personnel / ₹ 30 Lakhs for Veterans
• Maximum Base PAI cover subject to 10 times of Gross Annual Income of salary / pension account holder or any of the above mentioned applicable Insurance Coverage whichever is less
• Air tickets to be booked with Bank’s debit card for Air Accident Insurance cover
• Higher Education cover applicable for Graduation courses
• All the benefits are subject to regular monthly credit of Salary / Pension in the Savings account
• PAI offered through Debit and Credit is subject to the terms and condition of Card Policy

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Benefits in ATM transactions

• Unlimited Free Transactions at all ATMs (BOB and other Bank ATMs)
• Cash on mobile ATMs: Cardless Cash withdrawal service from ATMs

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Benefits in Yoddha Debit card

• Lifetime Free Debit Card
• Free Accidental Death and Permanent Total Disability cover of ₹ 10 Lakhs is offered through Yoddha Debit card
• Personal Accident Insurance - Death and Total disability cover of ₹ 10 Lakhs.
• Waiver of Issuance/ Re-issuance / Annual Fee
• Other attractive offers to know more click here

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Benefits in Credit Card

• Lifetime Free Credit card subject to eligibility.
• Free Accidental Death Cover (Air & Non-Air) of ₹ 20 Lakhs with Co-branded Credit Card.
• Other attractive offers to know more click here

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Other Benefits

• Free Remittances – RTGS / NEFT / IMPS (through all modes)
• Free Unlimited – Demand Draft / Banker’s Cheque
• Free Unlimited – Personalized Cheque books
• Free Mobile Banking – Save, Borrow, Invest, Shop through bob World App
• Free Internet Banking – bob World Internet
• 50% waiver on Locker Rentals
• 100% waiver on Demat Annual maintenance charges
• 75% waiver on issuance charges for Gift and Travel Card
• Baroda Radiance Program for Customers with Net Relationship Value of ₹ 30 Lakhs and above

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Retail Loan Facilities

• Salary Overdraft up to ₹ 3.00 Lakhs - Available immediately after two salary credit Maximum- ₹ 3 Lakhs (avg. of two months net salary)
• Digital Loans / Pre-approved Loans available
• Personal Loan upto ₹ 20 Lakhs at attractive pricing
• 100% Processing charges waiver on Retail Loans (Home Loan, Auto Loan and Personal Loan)

Eligibility criteria :

• For salaried employee:
  1. Scheme is applicable for regular employee
  2. Scheme will be applicable after credit of one month salary of the employee and thereafter regular salary credit in the account
  3. At the time of opening of account of employees who are having salary arrangement with other Banks, employees shall provide a mandate to shift their salary to Bank of Baroda in the organization payroll department

Or

• For pensioner:
  1. Scheme will be applicable after credit of one month pension to the pensioners’ account and thereafter regular pension credit in the account

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Employees of listed organizations are eligible subject to agreement between Bank of Baroda and Organization through a letter of consent or MOU

• Central Bureau of Investigation
• State Police Forces

Withdrawal(s) & use of Withdrawal Form (Slip

Withdrawals will be allowed either by withdrawal forms or by cheques. Payment against withdrawal form along with passbook is allowed for self only with per day limit of Rs. 25000/- (Minimum Rs. 25/- in Rural/SU and Rs. 50/- in Metro/Urban)

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Passbook and statement of account

Free Pass Book
Rs. 100/-- per duplicate Pass Book / Statement with latest balance only.

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Transfer of Account/ Scheme

Upon submission of application along with pass book and unused cheque leaves the account can be transferred to another branch/ scheme free of charge.

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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.

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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 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.

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Nomination Facility: -

Nomination facility available.

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Rules for Transfer/ inter-sol transfer/clearing transactions and charges

• Transfer Transaction at base branch Allowed freely without any limit.

• Transfer Transaction at Non-base branch (local as well as outstation) normally allowed only at a branch where either drawer or payee maintains account. However, for genuine transactions, Branch Head is authorized to allow transactions at non-base branch (where neither drawer nor payee maintains account) on case to case basis subject to certain conditions.

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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, 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 Rs 5,00,000( Rs 5 lakh).

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For more details on Baroda Defence Salary Package

For Salary e-mail us at: defencebanking.delhi@bankofbaroda.com

For pension accounts: cppc.delhi@bankofbaroda.com