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Savings Bank Account

Saving is good.
Saving smartly is even better.

Benefit from our wide range of Baroda Savings Accounts

General/Regular- Baroda Advantage Account

Savings accounts are a simple, convenient and hassle-free option to save and manage your money.

With an extensive range of features and benefits, savings accounts from Bank of Baroda are ideal for all types of investors.

Baroda Advantage Savings Account - A convenient, secure and easy banking

  • Savings accounts are a flexible and easy-to-operate option for young and seasoned investors alike. As the simplest form of deposit available to customers, savings accounts are among the most popular type of bank deposits.
  • Among the many advantages of a savings account are the wide variety of features available to account holders. These benefits of range from multiple withdrawal options to simple terms and conditions.
  • Bank of Baroda offers a zero-balance facility for select savings account holders such as salaried employees, insurance agents and students. Additionally, there are no hidden costs for using the various features on a savings account.
  • Savings accounts deposits are insured by the DICGC (Deposit Insurance and Credit Guarantee Corporation) to provide stability and assurance to the customer. One of the benefits of having a savings account is that customers are generally eligible for a wide range of features on savings accounts, such as debit cards, internet banking and mobile banking.
  • As a customer, you can enjoy the many features of a savings account free of cost or for minimum charges. With a savings account, you will receive a passbook and chequebook.
  • You may also apply for a debit card, mobile banking and net banking on your savings account, though charges may apply. With net banking, you can access your bank statements and make payments directly from your savings account. You can use the debit card linked to your savings account to withdraw cash from ATMs and to pay merchants.
  • Bank of Baroda pays interest on all savings accounts, the interest of which, is transferred to your savings account every quarter, though it is calculated daily.


Transactions of saving oriented nature are permitted. Commercial transactions are non allowable transactions. If non allowable transactions are noticed then Bank may close the account with prior notice/intimation citing reasons thereof. In case of single account of minor to be operated by him/her the maximum balance outstanding on any day should not be more than Rs. 100000/- when the minor is aged between 10-14 years

Cash Deposit

  • At Base/Local non-base branch: Any amount free of charge.
  • At Out-station branches
    Amount (In Rs.) Service Charge (in Rs.)
    Up to 25,000/- NIL
    Above 25000 to 50000 25/-
    Above 50,000/- to 1 Lac 50/-
    Above 1 Lac 100/-

    Note: For Rs.50000/- and above PAN is required to be submitted as per requirement of Income Tax

  • At Cash machines
    • Cash deposit with debit card up to Rs.2,00,000/- (2 Lacs) per day where PAN is registered and Rs.49,999/- where PAN is not registered in account.
    • Card less transaction (by feeding account number) up to Rs. 20,000/- per day.
    • Fake note, Suspicious Note is impounded and receipt is given to the customer. Torne/Mutilated/Taped notes are not accepted by these machines.

Cash Withdrawal

Amount (In Rs.) Service Charge (in Rs.)
Up to 25,000/- NIL
Above 25000 Rs.2/- per thousand or part thereof
Minimum Rs.50/-
  • Inter SOL cash payments to third parties is not permissible.
  • Per day per transaction limit of Rs.50000/- is fixed for cash withdrawal by account holder only (through withdrawal up to Rs.25000/- SB Account without cheque book facility) at Non Base CBS branches irrespective of nature of accounts. Passbook should accompany with Withdrawals.
  • Self-Withdrawal at Base branch is free.

Interest calculation and frequency

Interest is calculated on daily product basis and credited to accounts quarterly. For this purpose Bank’s quarters are May-July, August-October, November-January and February-April. Interest is credited to the account within 15 days of end of quarter. However, Value date effect as of 1st day of the month is given while crediting interest.

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)

Passbook and statement of account

  • Free Pass Book
  • Rs. 100/-- per duplicate Pass Book / Statement with latest balance only. For previous statement/ entries, applicable charges apply.

Cheque book

30 cheque leaves will be issued free in a financial year. For additional cheque leaves, if average balance is upto Rs.2 lac, Rs.5 per cheque leaf for personalized cheque book and Rs.3 per cheque leaf for non-personalized cheque book will be charged. If AQB is above Rs.2 lac, no charge for additional cheque leaves.

Registration and execution of Standing instructions

  • No charge within the 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.
  • Rs.100/- per occasion will be levied for Standing instruction failure because of insufficient funds.
  • 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.

  • Closure of account and charges

    • All the authorized signatories of the account will give in writing his/her/their intention to close the account. The relative passbook, Debit Card and the unused cheque leaves should be surrendered along with the letter requesting closure.
    • In case of pre-mature closure of the account no charges will be levied if the account is closed within 14 days of first customer induced credit into the account. However, charges @ Rs.200/- plus service tax will be levied if account is closed beyond 14 days but within 1 year of the first customer induced transaction. In case of death of account holder no charges will be levied.

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 inoperation 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).

SMS Alerts and Charges

Charges @ Rs. 10/- per quarter are levied

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 Form.: Available separately.

The Bank will notify, 30 days in advance, any change in terms and conditions/ Fees and charges on its website.

All deposits to the extent of Rs.1/- lac per depositor of our bank (except Deposits of Central/State/Foreign Governments and commercial banks) are covered under Deposit Insurance & Credit Guarantee Corporation (DICGC).

Minimum balance requirement.

Min. QAB

Rural Rs 500*
Semi-Urban Rs 1000*
Urban / Metro Rs 2000/-*

Non Maintenance charges for QAB:- SB 101

Rural / Semi-Urban Rs 125/- per quarter
Urban / Metro Rs 250 per quarter

Charges will be levied as under

Rural :- If QAB is in the range

Rs 250 - Rs 499 50%
Rs 100 - Rs 249 80%
Below Rs 100 100%

Semi-Urban :- If QAB is in the range

Rs 500- Rs 999 50%
Rs 250- Rs 499 80%
Below Rs 250 100%

Metro/Urban:- If QAB is in the range

Rs 1000 to Rs 1999 50%
Rs 500 to Rs 999 80%
Below Rs 500 100%

Computation: Minimum QAB requirement is calculated on the basis of summation of closing balance of number of days divided by number of days. For purpose of arriving at Quarterly Average Balance/Minimum Balance charges, the period of quarters are considered as 16th Mar to 15th Jun, 16th Jun to 15th sep, 16th sep to 15th Dec and 16th Dec to 15th Mar of a particular year


facility available.

Immediate Credit of outstation cheques upto Rs. 20000/- as per Bank norms.

Debit card and Charges

Free Debit card for first year then charges Rs.150/- p.a. for all classic variants and Rs.200/- p.a. for all platinum variants.

ATM Transactions at other bank ATM (India) – free upto 3 transactions in a month both Financial and Non Financial) at 6 centres viz, Mumbai, Delhi, Kolkata, Chennai, Bengaluru, Hyderabad and thereafter Rs.20/- for every transaction will be charged. For any other centre (except these 6 centres) upto 5 transactions (both Financial and Non Financial) are free in a month thereafter Rs.10/- for every transaction will be charged.

Card Replacement charges (in India) - Rs.200/- per replacement.

Pin Generation - Rs.50/- per regeneration for Visa & Rupay Card variants and Rs.75/- per generation for Master Card variants.

Cheque Return

(Inward Return): per instrument charges.

  • Upto Rs.1 Lac – Rs.125/-
  • Above Rs.1 Lac to less than Rs.1 Crore: - Rs.250/-
  • Above Rs. 1 Crore – Rs.500/-

(Outward Return) per instrument charges

  • Upto Rs.1 Lac – Rs.150/-
  • Above Rs.1 Lac to less than Rs.1 Crore: - Rs.500/-
  • Above Rs. 1 Crore – Rs. 750/-

In case bank remains out of funds: Actual interest @ 7.5 % over Base rate is to be charged extra.

Cheque returned due to technical reason – not at the fault of customer – No Charges.

Charges for Copy of original of cheque (paid by the Bank – a) Rs.100 upto 6 months old record. b) Rest - Rs.250/-

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.

    There are no charges for Inter-sol transfer transactions.

  • Clearing Transactions: There is no restriction for clearing transactions.

Bank of Baroda offers a wide range of features on savings accounts. Apply now to open a savings account and enjoy its numerous benefits.

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