According to the Bank of Baroda, up to 20 thousand rupees per day cardless transactions are allowed in cash machines. You can get this facility by entering the account number in the machine. Interest received on the deposit will be deposited in the account in the quarter.
Baroda Pensioner Savings Bank Account in Bank of Baroda can be opened with only 5 rupees. Overdraft facility is provided in this savings bank account equal to 2 months pension amount (net deposit in previous month’s savings account). Provided that no other loan has been taken by the pensioner. This account is for senior citizens.
This account opened with just 5 rupees has many features. Staff pensioners of Bank of Baroda can also avail this scheme. Instant credit facility is given on checks up to Rs 25 thousand outside the home branch. With this account, free debit card, Baroda Connect / Internet Banking and Bobcards Silver for 1 year (this card will be given under credit card scheme), free accident insurance up to Rs 1 lakh. Except for illiterate pensioners, free unlimited check book facility is available.
Cash deposit up to 2 lakhs per day
No amount is charged for depositing cash in home branch or any branch of the city, cash deposit is free. A cash deposit of 30 thousand rupees per account per day is free in branches located outside. After that fees are charged at the rate of Rs 2.50 per thousand or part thereof. Where there is a PAN register in the account, it is permissible to deposit up to 2 lakh cash per day in cash machines with debit cards and up to Rs 49,999 where PAN is not registered in the account.
Allow cardless transactions
According to the Bank of Baroda , up to 20 thousand rupees per day cardless transactions are allowed in cash machines. You can get this facility by entering the account number in the machine. Interest received on the deposit will be deposited in the account in the quarter. Interest will be credited to the account within 15 days of quarter end. The time for depositing interest will be effective from the first of the month. Withdrawal of money can be taken with the help of withdrawal receipt or check. Paying 25 thousand rupees is allowed only if you have a passbook with a withdrawal receipt for yourself.
You can withdraw money from ATM without card, very easy way
Passbook absolutely free
The passbook is absolutely free and one has to deposit Rs 100 to get a duplicate passbook. Free debit card is available for the first year, after that fees are charged at the rate of Rs 100 per year. A chip based credit card is given for 1 year with accidental death insurance cover of 1 lakh. The account becomes inoperative if the customer does not do any transaction in the account for two years. Interest is charged in all such savings accounts. In order to start or close inactive accounts, KY document-photo, signature has to be submitted.
This is how you can close your account
The bank will have to be informed in writing to close the account. For the closure of the account, the relevant passbook, debit card and check pages which are not used, will have to be submitted along with the application form. No charge will be levied on closing it within 14 days of the first deposit in the account. But for closing within 1 year, 200 rupees plus service tax will have to be paid.
