Bank of Baroda Savings Account

Updated on April 13, 2026

Author: MybankingTips Team

Bank of Baroda provides various savings accounts to its customers. You can choose from options like super savings, salary, privilege, senior citizens, and minor accounts based on your financial goals. Let's explore these savings accounts, looking at their features, interest rates, and other details to help you pick the one that suits you best.

Table of Contents
Bank of Baroda Savings Account Interest Rates 2023
Types of Bank of Baroda Savings Account
Features & Benefits – Bank of Baroda Savings Account
Eligibility Criteria for Savings Account in Bank of Baroda
Documents Required for Bank of Baroda Savings Account
Bank of Baroda Savings Account Fees and Charges
FAQs

Bank of Baroda Savings Account Interest Rates 2023

Account Balance Interest Rate (p.a.)
Up to Rs. 1 lakh 2.75%
Above Rs. 1 Lakh to less than Rs. 10 Crore 2.75%
Above Rs. 10 Crore to less than Rs. 50 Crore 2.75%
Above Rs. 50 Crore to less than Rs. 100 Crore 3.00%
Above Rs.100 Crore to less than Rs. 200 Crore 3.00%
Above Rs. 200 Crore to less than Rs. 500 Crore 3.05%
Above Rs. 500 Crore to less than Rs. 1,000 Crore 3.35%
Rs. 1,000 Crore and above 3.35%

Types of Bank of Baroda Savings Account

Baroda Advantage Saving Account Salary and Pension Solutions for Indian Military Personnel
Salary and Pension Solutions for Indian Central Forces Baroda Police Forces Salary Package
Baroda Super Salary Account Baroda Salary Premium Account
Baroda Salary Classic Account Baroda Salary Privilege
Baroda Champ Account Government Savings Account
Super Savings Account Baroda Platinum Saving Bank Account
Baroda SB Self Help Group Baroda Mahila Shakti Saving Account
Baroda Senior Citizen Privilege Scheme Baroda Pensioners Savings Account
Baroda Professional Saving Bank Account Baroda Jeevan Suraksha Saving Account

Features & Benefits – Bank of Baroda Savings Account

Baroda Professional Saving Bank Account

Debit Card and Charges You will receive a complimentary RuPay Select Debit Card (for annual charges, refer to the schedule of charges)
Charges on Non-Maintenance of Minimum Balance Metro/Urban/Semi-Urban/Rural: Rs. 500+GST per quarter
Minimum QAB Requirement Metro/Urban/Semi-Urban/Rural: Rs. 25,000
Cash Deposit PAN mandatory for depositing Rs. 50,000 and above
Features

Upon customer request, an extra VISA Platinum debit card is available.

Free SMS alerts are provided for the first year.

Customers receive 50 free cheque leaves annually.

Free NEFT/RTGS transactions can be made through Baroda Connect, bobWorld, or the branch.

Exclusive credit card offers from BFSL are also accessible.

Baroda Platinum Saving Bank Account

Debit Card and Charges You will receive a complimentary Visa Platinum Debit Card on maintaining QAB
Charges on Non-Maintenance of Minimum Balance Metro/Urban/Semi-Urban/Rural: Rs. 1,000+GST per quarter
Minimum QAB Requirement Metro/Urban/Semi-Urban/Rural: Rs. 1 lakh
Cash Deposit For Rs. 50,000 and above, a PAN card must be submitted
Features

You have a daily purchase limit of Rs. 2 lakh for Point of Sale (POS) transactions.

Cash withdrawal limit at ATMs is Rs. 1 lakh per day.

Enjoy unlimited free NEFT/RTGS/IMPS transactions.

No charges for cash deposits at the base branch.

Receive a 10% discount on annual locker charges.

Online Savings Account Using Video KYC (V-KYC)

Mandatory Requirements

Aadhaar number

PAN card

Valid mobile number registered with Aadhaar

Valid e-mail id

Webcam-enabled desktop with the microphone system Internet-enabled device – Mobile, TAB, Laptop (preferable mobile)
Prerequisites for Video-Based KYC

Original PAN

Original Aadhaar Card

A white sheet of paper and blue ball pen

Baroda Senior Citizen Privilege Scheme

Debit Card and Charges Free debit card for the first year
Minimum Balance Requirement

Rural: Rs. 500

Semi-Urban: Rs. 1,000

Urban/Metro: Rs. 2,000
Cash Deposit PAN mandatory for depositing Rs. 50,000 and above
Features

The debit card allows a cash withdrawal limit of up to Rs. 50,000 per day.

Customers receive a complimentary BOB Prime credit card.

Unlimited free transactions can be made at BOB ATMs.

Enjoy attractive discounts on locker rentals.

This account can also be used as a Pension Account.

Flexi fixed deposits offer higher interest rates.

Baroda Pensioners Savings Bank Account

Minimum Balance Requirement NIL
Nomination Facility Available
Charges on Non-Maintenance of Minimum Balance No charges
Cash Deposit For Rs. 5 lakh and above, a PAN card must be submitted
Features

You can open the account with just Rs. 5.

Enjoy a complimentary unlimited chequebook.

Life insurance is available with this account.

Bank of Baroda staff pensioners are also eligible for this scheme.

Baroda Mahila Shakti Saving Account

Debit Card and Charges You will receive a complimentary RuPay Debit Card for the first year, and thereafter, annual charges will be applicable.
Charges on Non-Maintenance of Minimum Balance

Metro/Urban: Rs. 300 per quarter

Rural/Semi-Urban: Rs. 150 per quarter
Nomination Facility Available
Minimum QAB Requirement

Metro/Urban: Rs. 3,000

Semi-Urban: Rs. 2,000

Rural: Rs. 1,000

Baroda SB Self Help Group

Minimum Balance Rs. 1,000 (QAB)
Mode of Operation Jointly as per resolution
Nomination Facility Not applicable
Debit Card Variant and Annual Fee Not applicable
Convertibility of Existing Account Not allowed

Baroda Savings Account (Baroda Govt. Bodies SB Account)

Minimum QAB NIL
Cheque Book Facility Free Unlimited
Cash Transaction (Deposit/Withdrawal)

Cash deposit is free and unlimited in the home branch

Cash withdrawal is not allowed from non-base branch
Features

There are no charges for NEFT/RTGS/IMPS transactions, whether conducted through branch channels or internet banking.

Transferability of the account is permitted upon submission of all KYC documents to the new branch.

Baroda Jeevan Suraksha Saving Account

Minimum Balance Requirement Rs. 1,000 daily
Charges on Non-Maintenance of Minimum Balance Rs. 100 per quarter
Life Insurance Facility Life insurance cover up to Rs. 5 lakh
Features

You have the option to convert your existing savings account into a Baroda Jeevan Suraksha Saving Account.

The minimum opening balance required is only Rs. 1,000.

Cash deposits at the base or local non-base branch are free of cost.

Cash withdrawals at the base or local non-base branch are also free of cost.

Enjoy a complimentary passbook.

Nomination facility is available.

For the first year, the debit card is provided free of charge.

Baroda Champ Account

Account Type For minors (below 18 years)
Cheque Book Facility 30 free cheque leaves will be issued for the first year
Features

There is an overall transaction limit of Rs. 5,000 per day, with a combined limit of Rs. 3,000 per day for transactions at ATMs and POS.

No charges apply for school fee payments.

Nomination facility is available with this account.
Minimum Balance Requirement

There is no minimum balance requirement for this account.

The maximum credit balance allowed on any day should not exceed Rs. 1 lakh.

There are zero charges for non-maintenance of Quarterly Average Balance (QAB).
Things to Note

This account allows savings-oriented transactions only.

Commercial transactions are not permitted.

The bank reserves the right to close the account with prior notice if non-allowable transactions are observed.

Super Savings Account

Minimum Balance Requirement Metro/Urban: Rs. 20,000
Charges on Non-Maintenance of Minimum Balance Metro/Urban: Rs. 1,000 per quarter
Cheque Book Facility Unlimited Free Cheque Book Facility
Features

Depositing cash at the base or local non-base branch is free of charge.

There are no charges for cash withdrawal at the base, local non-base, and outstation branches.

Enjoy a complimentary debit card for the first year.

Baroda Salary Premium Account

Quarterly Average Balance Zero balance account
Cheque Book Facility Free 100 cheque leaves per year
Features

You have access to free internet/mobile banking services.

The daily cash withdrawal limit is Rs. 50,000, and the online purchase limit is Rs. 1 lakh.

Enjoy a 15% discount on locker rents.

Baroda Salary Privilege

Quarterly Average Balance Zero balance
Cheque Book Facility Free 150 cheque leaves per year
Features

There is a 100% waiver on processing charges for housing loans, auto loans, education loans, mortgage loans, and personal loans.

Employees who have taken a home loan receive a 0.25% concession on the Rate of Interest (ROI) for an auto loan.

A 20% discount is applicable on locker rentals.

Enjoy instant account activation.

Baroda Advantage Saving Account

Debit Card 6 variants of Debit Cards (free for 1st year)
Cheque Book Facility 30 cheque leaves free per financial year Charges applicable for additional cheque leaves
Quarterly Average Balance (QAB)

Rural – Rs. 500*

Semi-urban – Rs. 1,000*

Urban/Metro – Rs. 2,000*
Other Features

Mobile banking

Multiple withdrawal options are available.

You are eligible for debit cards.

Enjoy a complimentary passbook and a chequebook.

Salary and Pension Solutions for Indian Military Personnel

Withdrawal Limit

You can withdraw a maximum of Rs. 50,000 per day at BOB ATMs.

Cash withdrawal limits at other bank ATMs follow RBI guidelines.

The purchase limit is set at Rs. 2 lakh per day.
Debit Card Benefits

You'll receive a Lifetime Free VISA Platinum Debit Card.

Senior officials are eligible for a complimentary SELECT variant of RuPay Debit Card.

The convenience of On the Fly Debit Card EMI is available.
Other Features

You can enjoy free mobile and internet banking services.

Receive a 50% discount on locker rentals.

Get a 100% waiver on demat annual maintenance charges.

Enjoy the benefit of free unlimited demand drafts/banker's cheques.

Open fixed deposits online through mobile and internet banking.

Access a convenient digital mode of payment facility.

Salary and Pension Solutions for Indian Central Forces Personnel

Features

You can open the account through Video KYC and Tab Banking.

Receive a 50% waiver on locker rentals.

Get a 100% waiver on demat annual maintenance charges.

Enjoy a 75% waiver on issuance charges for Gift and Travel Cards.
Debit Card Benefits

You will have a Lifetime Free Debit Card.

The RuPay Debit Card variant includes a free accidental death and permanent total disability cover of Rs. 10 lakh.
Nomination Facility Available

Baroda Police Forces Salary Package

Features

You can benefit from a 50% waiver on locker rentals.

There is a 100% waiver on demat annual maintenance charges.

Enjoy free internet banking services.

Avail a 100% processing charges waiver on retail loans.
Debit Card Benefits You will have a Lifetime Free Debit Card, and the RuPay Debit Card variant includes a complimentary accidental death and permanent total disability cover of Rs. 10 lakh.
ATM Transactions Unlimited free transactions at all ATMs (BOB and other bank ATMs)

Baroda Salary Classic Account

Suitable For Entry level/Trainees
Features

You can access an overdraft facility of up to a maximum of Rs. 50,000.

There is a waiver on processing charges for retail loans.

For the first year, you will receive a free Baroda RuPay Classic Debit Card, and thereafter, it will be chargeable at Rs. 150 plus applicable taxes per year.

Baroda Super Salary Account

Features

You can avail an overdraft facility of up to a maximum of Rs. 1 lakh.

Enjoy a free remittance facility on RTGS/NEFT/IMPS/UPI.

Receive discounts on the issuance of Demand Drafts (DD) and Banker's Cheques (BC).
Cheque book Facility Free 75 cheque leaves per year
Minimum Deposit Amount The account can be opened with a zero balance
Minimum Quarterly Average Balance Zero balance
Charges for Non-maintenance of QAB No charges

Eligibility Criteria for Savings Account in Bank of Baroda

Name of the Account Eligibility Criteria
Baroda Salary Classic Account Salary band – Less than Rs. 50,000
Baroda Super Salary Account Salary Band – Rs. 50,000 – Rs. 1 lakh
Baroda Salary Premium Account Salary Band – Salary credit between Rs. 1 lakh and less than Rs. 2 lakh
Baroda Salary Privilege Salary Band – Salary credit more than Rs. 2 lakh
Baroda Champ Account 0 to 18 years of age
Super Savings Account 18-70 years of age
Baroda Jeevan Suraksha Saving Account 18-70 years of age
Salary and Pension Solutions for Indian Military Personnel Salaried employees, pensioners, employees of the Indian Army, Indian Navy, Indian Air Force, and Indian Coast Guard
Baroda Advantage Saving Account All resident individuals (including minors above 10 years)
Salary and Pension Solutions for Indian Central Forces Personnel Salaried employees, pensioners, employees of Assam Rifles, Border Security Forces, GREF, Indo-Tibetan Border Police, Sashastra Seema Bal, Central Industrial, Security Force, Central Reserve Police Force, Railway Protection Force, National Disaster Response Force, and Special Security Force
Baroda Police Forces Salary Package Salaried employees, pensioners, employees of the Central Bureau of Investigation and State Police Forces
Baroda Pensioners Savings Bank Account

Individuals who have retired on superannuation/retired due to VRS from any Central Government Department/State Government Department/Local Bodies/PSU

Retired defence services personnel are eligible irrespective of their age
Baroda Platinum Savings Bank Account 18-70 years of age
Baroda Professional Saving Bank Account

Professionals holding government-approved degree or above, and qualified as:

Doctor in any field of medicine

B. Tech/M. Tech/BE/ME/Architect/Engineer

CA/ACCA/ICWA/CFA/CS/CFM

MCA/MBA/PGDBA/PGDBM LLB/LLM
Baroda Senior Citizen Privilege Scheme

Resident Indian of 60 years and above

Pensioners can open an account to avail pension facility
Government Savings Account (Baroda Govt. Bodies SB Account)

Government departments/bodies

Municipal Corporations

Panchayat Samitis

State Housing Boards

Drainage Boards/State Text Book Publishing-Corporations/Societies/Metropolitan Development

Authority/State/District Level Housing Co-operative Societies
Baroda SB Self Help Group

Self-help groups including women SHGs subject to submission of resolution and a list of the SHG
Baroda Mahila Shakti Saving Account

Resident Indian women of 18 years and above
Online Savings Account using Video KYC (V-KYC)

Tax-paying Indian residents aged 18 years and above Available only to New to Bank customers Politically exposed customers are not eligible Can be opened in single name and operated by self only The customer should not be a lunatic and blind

Documents Required for Bank of Baroda Savings Account

Official Valid Documents (OVDs) for Accounts of Individuals –

1. PAN Card

2. Passport

3. Driving license with photo

4. Proof of possession of Aadhaar Number

5. Voter’s Identity Card issued by Election Commission of India

6. Job card issued by NREGA duly signed by an officer of the State Government

7. Letter issued by the National Population Register containing details of Name and Address

Additional Documents for Bank of Baroda Savings Account

NRIs Address proof mentioning the current overseas address
Foreign Nationals

Valid Ind

ian Visa

Address proof mentioning the current overseas address
Foreign Students

Copy of Passport and Visa

Identity card issued by College/Institution

Letter of admission for the course mentioning duration of the course

Letterhead of the institution/college for allotment of hostel accommodation duly

signed by the authorized signatory

Bank of Baroda Savings Account Fees and Charges

Particulars Charges
Standing instructions Rs. 50 + remittance fees
Issuance of additional cheque book Rs. 4 per cheque leaf
Modification or change in nomination Rs. 100
Cash deposit Rs. 50 (Beyond 5 transactions in a month)
Cash withdrawal Rs. 125 (Beyond 5 transactions per month excluding ATM withdrawals)
Charges for inoperative accounts NIL

Frequently Asked Questions

With the BOB World app, you can easily access over 220 banking services anytime, right from your mobile phone. It's a convenient way to manage your banking needs on the go.

To avail government subsidies in your savings account, it's necessary to link your Aadhaar card with your account in this bank.

Yes, an NRI can be nominated, taking into consideration the prevailing change control regulations at any given time.

Yes, NRI customers can use the mobile banking facility and conduct transactions, adhering to the guidelines set by the RBI.

Yes, You have the option to open a zero balance account with BOB. Some of the zero balance savings accounts include Baroda Super Salary Account, Baroda Salary Privilege, Baroda Champ Account, and Baroda Salary Premium Account.

Yes, You're allowed to have more than one savings account in Bank of Baroda. This is done so that customers can enjoy various services, as not all features are accessible with every type of account.

To open a Bank of Baroda savings account in a different city, you'll need to provide proof of your address in that city. This can be validated through documents like your Aadhaar card, passport, driving license, or voter ID card.

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