An account that goes beyond saving. It empowers.
“Open Baroda Salary Premium Account and get attractive benefits”
Life Insurance Policy
Interest Rates and Charges
Most Important Terms and Conditions (MITC)
- Relationship manager for assistance
- Overdraft facility up to Rs. 2 lakhs
- 75% waiver on processing charges of retail loans
- Lifetime free Baroda Premier credit card
- Accidental death insurance cover
- Discount on locker rentals
- Discount on depository services
- Complimentary zero balance account for spouse
- Sweep facility available on request
- 75% waiver on issuance charges for gift/travel card
- Baroda Rewardz Program
- Free alerts
- 100% waiver in Processing charges for Personal Loan
- 100% Discount on Depository Services / Demat AMC
All customers belonging to the age group of 18-70 are eligible to avail Life Insurance benefits. Any resident individual who has attained the age of 18 years and has not completed the age of 70 years can avail the facility of Life Insurance Cover from IndiaFirst Life Insurance Co. Ltd (IFLIC) up to an amount of Rs. 5 lakhs after payment of required premium and submission of simple Health Declaration Form (DOGH).
The sum assured starts at a minimum of Rs. 1 lakh and goes up to Rs. 5 lakhs (in multiples of Rs. 1 lakh).
Under the scheme, only one insurance cover per person shall be allowed.
Period of insurance is one year from 01st January to 31st December every year and is annually renewable. In case of those accounts which are opened in due course in the middle of the year, the premium shall be paid on a prorated basis only for the year in which the insurance is subscribed as per details mentioned below:
|Insurance premium chart: Rs. 1 lakh|
|Age in Years|
|Month of joining the Scheme||Premium (Inclusive of GST) with effect from 01/01/2020||Coverage in Months|
From the second year onwards, the premium for the full year will be auto-debited at central level in January.
Insurance cover shall be available only till the savings account is active and the premium amount once collected shall not be refunded even if the account is closed.
Salary band: Net monthly salary credit between Rs. 1 lakh and less than Rs. 2 lakhs.
Suitable for: Higher management
|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||
|Deemed Officially Valid Documents, In case OVD does not contains current/ updated address. (At least one document from the list is Required.)||
|In case of Foreign Students||
|For NRI / Foreign Tourist For PIO/OCI||
|For Foreign Nationals|
||Address proof mentioning the current overseas address (any one)||
(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||
|Accounts of Sole Proprietary firms.||
(Any two of the following documents to be obtained)
|Accounts of Partnership firms. (Registered)||
|Accounts of Trusts||
|Accounts of Unincorporated Associations or body of individuals includes unregistered||
|Partnership firm/ trusts and societies.||
|Accounts of Hindu Undivided Family||
|Accounts of the Government or its Departments, societies, universities and local bodies like village panchayats etc.||
|Account of Political Parties||
Baroda Salary Premium (SB176): Net monthly salary above Rs. 1 lakh to Rs. 2 lakhs
DICGC Insurance Cover
Deposits along with interest kept in different branches of our Bank is insured by the Deposit Insurance & Credit Guarantee Corporation (DICGC) maximum up to Rs. 5 lakhs.
Net monthly salary credit between Rs. 1 lakh and less than Rs. 2 lakh.
Age of the applicant should be 18 years and above.
Aadhaar is must as KYC to open account under the scheme. One Address Proof and Proof of Identity is required.
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
Free 100 cheque leaves per year, thereafter Rs. 5 per leaf.
NEFT/RTGS free for online & through branch
- 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. 2 lakhs.
- Clean overdraft.
- Overdraft is to be adjusted in full once in 60 days of availing the same.
Demand Draft/Banker's Cheque
Five DD/BC free per quarter for personal use. Maximum amount Rs. 3 lakhs per quarter
Internet Banking/Mobile Banking
Free Rupay Platinum Debit Card for first year, thereafter chargeable Rs. 150+ taxes per year. Daily cash withdrawal limit Rs. 50,000 and online purchase limit is Rs. 1 lakh.
Inbuilt Accidental Insurance of Rs. 2 lakhs. Attractive offers linked to Debit card.
- Free unlimited transactions at Bank of Baroda ATMs.
- Other Bank’s ATM: 5 free transactions per calendar month.
Waiver in Processing Charges on Retail Loans
- 75% waiver on processing charges for housing loan, auto loan, education loan and mortgage loans. 100% waiver in processing charges for personal loan.
- Subject to the recovery of minimum Rs. 7,500 per property * to be mortgaged as out of pocket expenses (for legal, valuation etc.). * Applicable on mortgage based retail loans.
Concession in Rate of Interest for Auto Loans
For the employees who have availed home loan, a concession of 0.25% in applicable ROI of auto loan
Discount on Depository Services/Demat AMC
Waiver of 100% in charges.
Free lifetime premier variant of credit card subject to eligibility criterion of minimum income of Rs. 60,000 month and signing of auto-debit mandate for debit of minimum due amount on the card from the salary account.
*Insurance only for Primary Card Holder* (Insurance linked to credit card)
Complementary air accidental insurance of Rs. 50 lakhs and other accidental insurance cover of Rs. 10 lakhs.
15% discount on locker rentals.
- Free alerts.
- Sweep facility available on specific request.
- 75% waiver on issuance charges for gift/travel card.
- Free M-Connect.
- Baroda Rewardz Program.
Relationship managers available on call.
Baroda Advantage Saving Account
Super Savings Account
Jeevan Suraksha Savings Bank Account
Baroda Champ Account
Baroda Mahila Shakti Saving Account
Baroda Pensioners Savings Bank Account
Baroda Platinum Saving Bank Account
Baroda Salary Classic Account
Baroda Salary Privilege
Baroda Super Salary Account
Baroda Senior Citizen Privilege Scheme
Salary and Pension Solutions for Indian Military Personnel
Salary and Pension Solutions for Indian Central Forces Personnel
Baroda Police Forces Salary Package
Salary and Pension Solutions for Central/State Government employees for drawing Salary/Pension
Baroda SB Self Help Group
Government Savings Account (Baroda Gov Bodies SB Account)