Bank of Baroda is providing the facility to open a light savings account with the facility of zero balance, for which it is quite easy to maintain the quarterly balance.
Bank Of Baroda LITE Saving Account Facility: Bank of Baroda (BoB0) is offering the facility to open LITE Saving Account – a Lifetime Zero Balance Savings Account. This account is free for lifetime for customers maintaining nominal Quarterly Average Balance (QAB). RuPay is also providing the facility of Platinum Debit Card.
Quarterly Average Balance (QAB) requirements vary, being Rs 3,000 for metro/urban branches, Rs 2,000 for semi-urban branches and Rs 1,000 for rural branches.
Bank of Baroda said that this debit card comes with offers and discounts on consumer brands, which enhances the overall banking experience of the account holder.
The account is open to all resident individuals, including minors aged 10 years and above who can read and write.
How to open BoB Lite Savings Account?
- To open a digital account through Video KYC, click on https://bit.ly/bobLITE or visit the nearest Bank of Baroda branch
- BoB Lite Savings Account Key features of the account include:
- Lifetime zero balance requirement.
- Access for resident individuals including minors above 10 years of age.
- Lifetime Free RuPay Platinum Debit Card with QAB based features.
- Free lifetime credit card, subject to eligibility.
- Discounts and offers on Bank of Baroda Debit and Credit Cards.
- 30 free check pages in one financial year
What is zero balance savings account?
As the name suggests, zero balance savings account is a 0 balance account where the account holder is free to operate the account without maintaining a minimum balance.
You also have the option to open an online bank account with zero balance.
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