Open an account in Bank of Baroda for just 5 rupees and get many benefits

Are you looking for open an account in Bank of Baroda for just 5 rupees and get many benefits. Open an account in Bank of Baroda for just 5 rupees and want to avail many benefits? So for Tamar, complete information about opening an account in Bank of Baroda has been shown here in this post, so please read till the end.

Open an account in Bank of Baroda for just 5 rupees

According to the information given on the official website of BoB, a pension account can be opened for just 5 rupees. Unlimited check book facility is provided free of charge to every customer in this pension account. The country’s largest government bank i.e. Bank of Baroda is opening a special pension account. Citizens can benefit from it.

Open an account in Bank of Baroda

Bank of Baroda offers a seamless look to pensioners’ savings. Open an account in Bank of Baroda for just 5 rupees. And get maximum 2 months pension amount (net credit in last month SB a/c) OD facility on your Bank of Baroda pension account. Open an online pension account with Bank of Baroda today for your fair savings

Baroda Pensioners Savings Bank Account is available for pensioners. The account is designed to provide all banking facilities and benefits to the pensioners. Customers can enjoy free debit card, unlimited cheques, auto sweep facility, overdraft facility and much more. The account also has a nomination facility. Bank of Baroda offers BOBCARD Silver with Complimentary Accident Insurance for 1st year.

Open an account in Bank of Baroda and get benefits

Open an account with just 5 rupees.

Zero Balance Account.

Overdraft facility available.

Free Unlimited Check Book.

Life insurance available.

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

Features of Pensioners Savings Bank Account

The Pensioners Savings Account offered by Bank of Baroda has various benefits. Some of the important features of Baroda Pensioners Savings Bank Account are listed below:

Initial Deposit

To open this account, you only need to deposit a minimum of Rs.5.

Auto sweep feature

Account holders Rs. Any amount above the threshold limit of 3,000 can be auto swept into a short deposit of 180 days. Auto sweep Rs. is done in multiples of 1,000. If the savings account falls below the minimum balance, the reverse sweep will take place in multiples of Rs.1,000 in a last-in-first-out pattern.

Overdraft facility

Pensioners can get overdraft for pension amount up to 2 months as per net credit in savings bank account in previous month. This facility is available if no other credit facility is availed.

Check book facility

Check books are provided free of charge to the account holders. Pensioners are entitled to unlimited supply of check cards. This does not apply to illiterate pensioners.

Debit card

Get a free debit card with this account. Enjoy access to cash withdrawals, balance inquiries and other transactions at ATMs. Customers can also pay for their purchases with their debit cards at merchants and retail stores.

Online banking

Customers can enjoy online banking, utility bill payment and online shopping at their convenience.

credit card

BOBCARD Silver is offered to customers free of charge for the first year. Customers can enjoy the convenience of credit cards that enable them to shop now and pay later.

Insurance

Accidental death insurance of Rs.1 lakh is provided under BOBCARD scheme.

Interest rate

Interest on savings account balance is calculated at 4% pa

nomination

Depositors can nominate someone to receive income from the savings account.

Outstation Check

Enjoy instant credit of outstation checks up to Rs.25,000.

Eligibility for opening an account in Bank of Baroda
To open this account, you must fulfill the following criteria set by Bank of Baroda:

Pensioners are eligible to open this account

Bank of Baroda staff pensioners are also eligible to open this account
How to open an account in Bank of Baroda and how to apply
To open this bank account, you need to visit any Bank of Baroda branch near you. Fill the application form and submit it along with the required documents. If you meet the eligibility criteria and all the documents are in order, Bank of Baroda will open an account for you. You need to make an initial deposit of at least Rs.5. Your pension has to be deposited in this account.

Important documents

You will need to submit the following documents to meet the KYC norms:

A recent passport size photograph
ID Proof like Driver License, Passport, Aadhaar Card, Water ID, PAN Card etc.
Address Proof like Driver License, Passport, Aadhaar Card, Voter ID, Ration Card, Utility Bill etc.
Proof of retirement may be required
Any other document requested by the bank
Baroda Pensioners Savings Bank Account: Eligibility
Eligibility criteria for Baroda Pensioners Savings Bank Account are mentioned below:

All persons who have retired / retired on superannuation due to VRS from any Department of Central Government / State Government. Departments/Local Bodies/PSUs and can open pension accounts under eligible schemes for pension.
Retired Defense Services personnel are eligible irrespective of their age.

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