Bank announces Financial Results for quarter ended, 30th June 2023.
NOTIFICATION DATED 27.06.2023 FOR SALE / ASSIGNMENT OF FINANCIAL ASSET (NPA) to ARCs (E-AUCTION ON 14.07.2023)
As per revised RBI directives all our Locker-holders are requested to visit Bank of Baroda, Base Branch.
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Why should finance come in the way of future? Getting an education loan is an easy way to finance your dreams. A student loan can help you get into the university of your choice. Bank of Baroda is here to finance your dreams, education & career goals.
The easiest way to save for you, for your loved ones, and for your future. A savings account gives you the liberty to choose according to your needs and additionally give you benefits for all your transactions. With a gamut of savings account features on the table, Bank of Baroda is here to make your banking simple and easy!
Open Current Account online at Bank of Baroda to meet all your banking needs. Go to our website to learn more about the different types of current accounts we offer and apply now!
Bank of Baroda deposit plans offer convenient solutions to both working individuals as well as senior citizens. These deposits are categorised into deposits with a term period of less than 12 months, more than 12 months and recurring deposits.
An account for all. B3 Silver Account comes with maximum savings and zero Quarterly Average Balance (QAB). Also, make the most of coins and annual offers from Loyalty Rewardz to fulfill yearlong subscriptions and shopping.
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Bank of Baroda focuses on its employees, offering a career rather than just a job. Various initiatives are in place to groom employees throughout their life cycle. A comprehensive talent management system to groom future leaders of the bank.
Bank of Baroda offers various types of personal banking cards such as Credit, Debit, Prepaid, Business & Travel Cards. Choose the one best suited card for your needs.
A right career begins with a right education.
Rate of Interest (%):
Loan Terms (monthly):
Equated Monthly Installment (EMI) will be
This loan is available to students pursuing technical courses at training institutes, polytechnics, and other institutions. The loan amount ranges from Rs. 5,000 to Rs. 1,50,000.
Apply for skill loan scheme as the repayment period is determined by the loan amount and can last up to 7 years.
A loan designed for students pursuing technical courses. Any Indian national who has secured admission in a course run by Industrial Training Institutes or National Skill Qualification Framework., etc shall be covered by skill loan
This scheme is applicable at all our branches across the country.
Courses run by above mentioned training institutes aligned to National Skill Qualification Framework (NSQF) shall be covered by the Skill Loan. There is no minimum course duration. Vocational/Skill development courses of duration from 2 months to 3 years run or supported by a ministry/department/organization of the govt. or a company/society/organization supported by National Skill Development Corporation(NSDC) or State Skill Missions /State Skill Corporations, preferably leading to a certificate/diploma/degree issued by a government organization or an organization recognized/authorized by the government to do so. State Level Bankers committee(SLBC)/State level Coordination Committee(SLCC) may add other skill development courses/programmes, having good employability. Approved courses/training programs as per the National Skill Certification and Monetary Reward Scheme.
The applicant should be an Indian national.
There is no specific restriction with regard to the age of the student to be eligible for Skill Loan. However, if the student is a minor then the parent has to execute documents for the loan. The bank will obtain a letter of acceptance/ratification from him/her upon attaining majority.
As required by the enrolling institutions/organizations as per NSQF.
Aadhar card number will also be considered as a valid proof for KYC norms in addition to other identity and address proof as determined by respective banks/lending institutes.
Need based finance subject to repayment capacity of Student.
No Collateral or third-party guarantee will be obtained, however, the parent will execute loan document along with the student borrower as joint borrower.
Directly to / Institution.
The loan will have tenure as follows
Insurance : Group credit Life Insurance Cover will be available at the option and cost of the borrower. Cost of Insurance Premium may be financed by Bank by adding the same in the project cost and shall be recovered along with EMIs of the loan.
The Borrower can repay the loan any time after commencement of repayment WITHOUT having to pay any prepayment charges.
Frequently Asked Questions (FAQs)
Skill Loan Scheme is given to the students pursuing technical courses offered by training institutes, polytechnics etc. The skill loan amount ranges from Rs. 5,000 to Rs. 1,50,000. The repayment period depends on the loan amount but can go up to 7 years.
Yes, Bank of Baroda provides Education loan for online course.
Vocational/Skill development courses.
There is no specific restriction with regard to the age of the student to be eligible for Baroda skill loan scheme.
For Current ROI kindly visit our Interest Rates & Charges page.
Individuals who intend to take up skill development courses as per the Skilling Loan Eligibility Criteria.
After getting enrolled in Vocational/Skill development courses.
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