Personal Banking Services

The strength and integrity of relationships

Bank of Baroda believes in the strength and integrity of relationships built with its customers like you. With over 102 years of experience in the banking industry and a wide network of over3366  branches all over the country, we have always been active in extending financial support and adapting to your changing needs.

Our Deposit Products, Retail Loans, Credit Cards and Debit Cards help you with your growing financial needs. With facilities like Lockers we ensure that your valuables are safe with us.

Our countrywide branches offer you convenience and ease in operating your account wherever you are. Our 24-hour ATMs enable you to withdraw cash, check your account balance and request for a new chequebook even after banking hours.

Faster technology for better service

Baroda Internet Banking / Baroda Mobile Banking, our latest Internet and Mobile banking initiatives enable you to operate your account just as you would in any of our branches. You can through the Internet check your balance, request for chequebooks and print account details.

Choose from our various products and services, that we sincerely feel will put a smile on your face; an investment we would like to bank on forever. 

Deposits

Bank of Baroda offers various deposit plans that you can choose from depending on the term period, nature of deposit and its unique saving and withdrawal features.

Apart from competitive interest rates and convenient withdrawal options, our deposit plans offer other features such as overdraft facility, outstation cheque collections, safe deposit lockers, ATM's etc.

Choose from Fixed, Current and Savings Deposit plans.

Fixed deposits are categorised into deposits with a term period of less than 12 months, more than 12 months and recurring deposits. These deposit plans offer convenient solutions to both working individuals as well as senior citizens.

Current and saving deposits are ideal for individuals who wish to take advantage of multiple benefits within the same plan and even be eligible to opt for overdrafts.

Baroda Fixed Deposit Account

Why just let your money idle, when you can idle it with interest?Depending on the period, our various fixed deposit products help you get the best out of your savings by offering you good interest rates.

Enjoy both security and competitive rates of interest on your deposits with any of the following products. Click each product for more information.

For Deposits upto 12 months:

o Short Deposits

For Deposits over 12 months:

o Baroda Utsav Deposit Scheme o Fast Access Deposit Schemeo BoB Suvidha Fixed Deposit Schemeo Regular Income Plano Monthly Income Plano Regular Income Cum Recurring Deposito Capital Gain Account Scheme, 1988o Term Depositso Baroda Tax Savings Term Deposit

As Recurring Deposits:

o Recurring Deposito Yatha Shakthi Jama Yojana

Fixed Deposit Account rules 

1) Opening of deposit accounts

Application for fixed/short deposits and deposits at notice is taken on Form No.401 for individuals and Form No.401A for non individuals.

All time deposit accounts shall be properly introduced. For all subsequent deposit, a simple Application-cum-Deposit slip is to be filled.

2) Period and minimum amount of different types of deposits

Minimum period:-

At present, the minimum period for a term deposit shall be 7 days  for deposit amount ofRs.100/- lacs and above & minimum 15 days for amounts less than Rs.100/- lacs.

Maximum period : - 120 months

In special cases, say, under the order of a court or where interest of a minor is involved and in the case of institutions, government undertakings, corporate bodies to meet their special  needs like creation of sinking fund/amortisation fund etc. or for individuals for any of their special needs by way of accounts  opened under special recurring/cumulative deposit scheme, the deposit may be accepted for periods over 10 years. However, the period of deposit should not exceed 20 years.

Minimum amount:-

The minimum amount accepted for fixed/short deposit is Rs.1,000/- for a period of 15 days and above and minimum of Rs.100/- lacs and above for a minimum period of 7 days.

3) Operational instructions

Term deposit accounts can be opened with instructions payable to  'Either or Survivor', payable jointly, payable to any one of the  depositors etc. It can also be opened with instructions payable  to "Former or Survivor" or "Former, Survivors Jointly or Last  Survivor" or "Latter or Survivor" in which case operational/  payment instructions at the time of opening the account or  subsequent variations, if any, in these instructions, should be  signed by all the joint depositors.

4) Additional documents/forms to be obtained

PAN/GIR number or Form 60 /61. Other documents as per KYC norms.

Photographs of the depositors except in case of existing accounts (having photographs)

5) Nomination facility

Available

6) Deposit accounts of minors:-

In sole name – if the minor is 10 years and above and can read and write.

In joint name with natural guardian if minors are less than 10 years of age.

The maximum amount that can be accepted for deposit in such account is Rs.1,00,000/-. However, there is no limit for  accepting deposits from minors above the age of 14 years.

Pre-payments of fixed deposit receipts issued to minors can  be allowed only on his/her attaining majority.

7) Renewal of deposits :- Requirements

1. Duly discharged fixed/short deposit receipt along with request for renewal.

2. Where receipts are held in safe custody or where only  acknowledgement is issued in lieu of the deposit receipt, discharge not required.

3. Where receipts are lodged with the government  departments, as security in lieu of earnest money etc. and the  concerned authorities are not willing to part with them, amount of the deposit is renewed for a  further period without production of deposit receipt following  the procedure detailed hereunder:-

1. Letter of request to be given in prescribed format.2. No new receipt will be issued.3. Renewal of the deposit will be advised by a registered letter to the concerned government

department, under advice  to the depositor.4. Where an advance is granted against a deposit, the relative receipt should be discharged by all the

parties.

4. No fresh receipt is issued. Endorsements made on the space provided on the existing FDR.

8) Automatic Renewal of deposits:-

A matured term deposit will be renewed on its due date itself, for further period of one year at the applicable rate prevailing on the due date, if not instructed otherwise.

In respect of term deposit  issued  for less than one year, the concerned  matured  term  deposit  will be renewed on its due date  itself  for the same period  with the applicable  interest  rate prevailing  on the due date, if not instructed otherwise.

If at a later date (i.e. after automatic renewal) the depositor requests for  prepayment of old deposit, before making payment the receipts duly discharged along with prepayment instructions is to be furnished.

When a depositor at a later date (i.e. after automatic renewal) requests for longer maturity, prepayment as above is to be made without charging penalty and new FDR may be issued as requested.

9) Payment of deposit receipt/s on due date:-

Deposit receipt/s duly discharged by all the depositors (on revenue stamp in  case of cash payment upto Rs.20,000/-) with clear  payment instructions is to be given.

The amount of maturity value in case of deposit under RIRD, and the principal amount along with the residual interest, if any will be paid by:-

Credit of depositors account with the Bank.

Credit of depositors account with any other Bank through NEFT / RTGS.

Issuance of DD / Bankers Cheque as per instruction of the depositor.

10) Payment to a third party/nominee/legal heir:-

The proceeds of a deposit receipt is not payable to a  third party or to a collecting bank unless the receipt is  discharged and is accompanied by a separate letter of authority  signed by all depositors authorising payment to the third party or to the Bank, as the case may be.

11) Nominee vis-à-vis legal heirs:-

If on the death of the depositor, both the nominee and the legal  heir make their claims simultaneously in respect of the deposit,  the bank would take note of the legal heir holding succession  certificate.

However, such legal heirs are advised to bring from  the court an injunction restraining the bank from effecting  payment to the nominee/s.

The Bank will get valid discharge by paying the nominee so far  as any legal heir has not produced, in the meanwhile, any decree, order, certificate or other authority from a court of competent jurisdiction.

12) Prepayment of deposits:-

The deposit receipt duly discharged and the  letter of request for prepayment signed by all the depositors are required.

Normally on prepayment a penalty of 1% below the interest rate ruling on the date of making deposit for the period for which deposit has actually run is deducted.

Waiver of penalty is allowed if:-

1. Face value of the deposit  does not  exceed Rs.5/- lacs per receipt.2. The said deposit has remained with the Bank for a minimum period of -12- months.

Further, waiver is allowed where:-

1. Deposit is renewed for a period not less than unexpired period.2. Deposit is paid to nominee / legal heirs / claimants in deceased accounts. In this case interest at applicable

rates for which deposit has actually run is paid.

13) Rules regarding payment of interest on time deposits:-:-

Interest accrued on a time deposit, would ordinarily be paid, only on maturity. However, at the request of the depositor,  interest on deposits of -12- months and over, can be paid before  maturity on the following basis:-

Monthly, quarterly or half yearly interest on  completion of the month/quarter/half year calculated from the date of deposit or end of each calendar month / quarter / half year, whichever is later.

For calculation of interest on term deposits for periods  less than -12- months, the following procedure would be  adopted:-

On deposits for period upto -182- days, the  interest is calculated for the actual number of  days on the basis of -365- days in a year.

On deposits for period more than -182- days, the interest is calculated on monthly basis for the  completed months and for residual period, on actual number of days.

Standing Instructions are accepted for credit of periodical interest in case of monthly / quarterly / half yearly interest on deposits to customers Current / Savings Bank account.

14) Higher rate of interest to Senior Citizens

An additional rate of interest @ 0.50% on the Term Deposits (including Recurring Deposits and Term Deposits under other schemes) of senior citizens resident in India who has completed the age of 60 years is paid as per guidelines.

15) Certificate of interest paid:-

At the request of accountholders, branches would issue certificates of interest paid to them on their various deposit  accounts.

16) Procedure in case of lost receipts:-

a. An application from the depositor is to be given.b. Applicants must be properly identified.c. Duplicate receipt may be issued only in cases, where - the un-expired period of deposit exceeds -12-

months or the depositor requires a loan against the receipt.d. In all other cases, only a letter of acknowledgement of deposit is given to the depositor.e. An indemnity bond is to be obtained in the prescribed form  in all cases.f. One or two surety/ies considered good for the amount involved, must execute the indemnity along with the 

depositor/s.g. Sureties may be waived in the following circumstances.

If the deposit is renewed for a further period of atleast -12- months or Where the depositors maintain other well conducted accounts.

17) Addition or deletion of name in fixed deposit receipts and recurring deposit accounts

If the existing depositor/s make/s a request either to add the name of a close relative (his consent should be obtained) or delete the name of one of the existing joint accountholders (he  should also sign the letter of request), the same are allowed, as per under mentioned procedure:-

A letter signed by the depositor/all the joint depositors should  be given requesting the Bank to add the name of a relative/ friend or to delete the name of one of the existing joint  depositors. However, a substitution of name is not permitted.

Fresh account opening form and KYC documents incorporating revised operational  instructions, signed by the following should be obtained:-

1. In case of addition, the existing depositor/s and the person  whose name is to be added and2. In case of deletion the existing depositors except the person whose name is to be deleted.

The fact of addition of the name or deletion of the name of one of the joint depositors, will be noted on the relative deposit receipt under authentication along with the date of such addition / deletion.

Fresh deposit receipt will not be issued.

In case of demise of one of the depositors, the request for  deletion of his name should be in writing supported by the death  certificate, signed by all the surviving depositors giving  revised operational instructions. If the surviving depositor/s  request/s to add name/s of relative/s, such request may be  acceded to and the additions may be made on the receipts.

Deletion of name of joint accountholder/s in case of operational instruction - Payable to Former or Survivor, latter or Survivor or Former, Survivors jointly or the Last Survivor is not permitted.

18) Procedure for transfer of time deposit account to another branch:-

Proceeds of time deposit may be transferred on maturity from one  branch to another at the request of the depositor, free of  charge, if the deposit is renewed at the other branch for a  minimum period of -30- days.

Time deposits can also be transferred before maturity to another  branch, at the request of the depositors.

19) Mode of repayment of time deposits:-

In terms of Income Tax Act, 1961 as amended, where aggregate  amount of all deposits repayable after notice or repayable after  a period (i.e. all time deposits including matured time deposits) held by a person singly or jointly with others at a branch of the Bank together with interest to be paid on such deposits (i.e. excluding interest already paid)

is Rs.20,000/- or more, the repayment will be made by means of "A/c  Payee" Banker's Cheque/draft or by crediting the account of such depositor.

Payment of periodical interest can be made in cash.

20) Safe custody of deposit receipts:-

At the request of depositor/s, including non-resident accountholders, FDRs / SDRs can be accepted in safe custody by  obtaining specific written instructions from all the depositors regarding payment of interest, disposal of proceeds on the due date etc.

21) DEDUCTION OF INCOME TAX AT SOURCE FROM PAYMENT OF INTEREST ON TIME DEPOSITS (SECTION 194A OF INCOME TAX ACT 1961)

(Sec.194A): The Income Tax Act has been amended w.e.f. 1st July 1995 and as per provision of the Income Tax, TDS is applicable in case of Time deposits made  from 1st July 1995 and onwards.

The salient provisions of this section are as under:-

Income tax is to be deducted in cases where the total interest paid or credited on all time deposits with a branch in the name of a depositor, whether singly or  jointly  (as first named person) exceeds Rs.10,000/- in a financial year.

For  this purpose time deposit means deposits repayable on the expiry of a fixed period i.e. Short Deposit, Fixed Deposit, RIRD, etc. and Yatha Shakti Jama Yojana.

Recurring  deposit, savings deposit and current deposit are excluded for this purpose.

Tax is to be deducted either at the time of credit to the account or payment of interest to the depositor whichever is earlier.

In case the depositor submits following Form before end of June every year, no tax may be deducted.

Non-corporate customers other than Senior Citizens - Form No.15G along with PAN (w.e.f. 1st April 2010)

Senior Citizens i.e. individuals of the age of -65- years or more - Form No.15H  along with PAN (w.e.f. 1st April 2010)

w.e.f. 1st April 2010 I.T.Department has made it mandatory to quote Permanent Account No. (PAN) by deductees in all cases where TDS is applicable, failure of which would attract the TDS at a higher rate of 20% (against normal rate of 10%) or normal rate whichever is higher. Further it has also been made compulsory to mention PAN on form No.15G / 15H w.e.f. 1st April 2010.

Thus, TDS is deducted where total interest exceeds Rs.10,000/- on all time deposits as under:-

For Individuals:

1. Where Form No.15G / 15H alongwith PAN submitted by the customer – NO TDS. Subject to individual income exempted under Income Tax for that year.

2. Where Form No.15G / 15H without PAN is submitted by the customer – TDS @20%

3. Where PAN is submitted by the customer – TDS @10%

4. Where PAN is not submitted by the customer – TDS @20% (even if Form No.15G / 15H is submitted)

5. In case of NRO deposit concession in TDS is allowed under double tax avoidance treaty. TDS is deducted as under:- 

a. If PAN is submitted with a declaration applicable under Double Tax Avoidance Treaty - TDS is deducted @ applicable rate for the country of residence of the customer.

b. If PAN is submitted without declaration - TDS is deducted @30%c. If declaration is submitted without PAN - TDS @normal rate or 20% whichever is higher.d. If PAN and declaration is not submitted - TDS @30%

For others:--

TDS is deducted @20%

Issue of certificate:--

A consolidated TDS certificate will be issued at the end of financial year.

Treatment of Joint Deposits-

For accepting deposits of senior citizens jointly, with other persons below the age of sixty years, under the special scheme for senior citizens, it should be ensured that the name of the senior citizen is given as the first name in the application.

22) ADVANCES AGAINST OUR BANK'S TIME DEPOSIT RECEIPTS

Advances against our Bank's time deposit receipt can be sanctioned keeping a minimum margin of 5% on the amount of the deposit receipt on the terms and conditions which may be obtained from the branch.

Current Account

Current Deposits product is ideal for firm, companies, institutions, HUF, individuals etc., who need banking facility more frequently. This is one of the most basic and flexible deposit options, allowing transaction without limiting the numbers.

You may choose from:

Baroda Advantage Current Account Baroda Premium Current Account (BPCA) Baroda Premium Current Account-Privilege (BPCAP)

Current Account rules 

1) WHO CAN OPEN A CURRENT ACCOUNT

(i) Any person competent to contract and satisfactorily introduced to the Bank may open an account in his/her own name. He/She may not open more than one such account. Accounts may be opened in the names of two or more persons and may be made payable to :

(a) any one or more of them. (b) any one or more of the survivors. (c) either or anyone or more of them or the survivors jointly, or survivor. (d) 'former or survivor' or 'latter or survivor', subject to the condition that the second (first in the case of latter or survivor) named accountholder will be entitled to the balance lying in the account only on the death of the former (latter in the case of latter or survivor) accountholder.

(ii) Accounts can be opened for sole proprietorship firms, partnership firms, private limited and public limited companies, Joint Hindu families, trusts, clubs, associates etc. satisfactorily introduced to the Bank and on fulfilling laid down procedures and tendering required credentials.

(iii) Accounts can be opened by minors of 14 years and above, if able to read and write, in their sole names.

2) HOW TO OPEN A CURRENT ACCOUNT

(i) Application to open an account must be made in Bank's prescribed account opening form. All signatories are required to come in person to the bank to sign the account opening form. Required credentials depending upon the type of constitution of the prospective accountholder are to be submitted to the bank.

(ii) Each applicant will be required to sign a declaration to the effect that he has read and accepted Current Account Rules. A copy of the rules is displayed on the Notice Board.

(iii) A recent passport size photograph of every accountholder, proprietor / partners / Directors of the company / office-bearers / trustees and other officials authorized to operate upon the account, is required to be given to the bank.

(iv) The account is to be introduced by an existing current/cash credit accountholder having minimum six months old satisfactorily & actively conducted KYC Complied account with the Bank.

3) PASS BOOK/STATEMENT OF ACCOUNT

(i) Computer generated statement of account showing a record of all sums paid in and all cheques drawn is issued to each accountholder on monthly basis. On a statement of account being received by a customer the entries therein should be carefully examined and error or omission should immediately be brought to the notice of the Bank, otherwise rendering of the statement of the Account to the customer will be treated as settlement of the account and an acknowledgement of its correctness to date. The Bank will not be responsible for any loss arising from the negligence of customer in taking above precautions.

(ii) It should be understood that although entries may have been made to the credit of an account and such entries initialled by an officer in the pass book, should such entries be made up of cheques which have to be collected, the amount they represent is not available for drawing, until the proceeds have been realized by the Bank.

4) CREDITS

(Irrespective of Area) Quarterly Average Balance (QAB) : Rs.10000/- for Individual as well as for non individual.

(i) Current accounts may be opened by Individual as well as for non individual with minimum initial deposits of Rs 10000/- irrespective of Area

(ii) All payments made in the account should be accompanied by a paying-in-slip, which is supplied free of charge to customers. Separate paying-in-slip should be used for

(a) Cash (b) Local cheques/DWs etc. drawn on our branches (c) Local cheques D/W etc. drawn on other banks (d) Outstation cheques, DWs, draft etc. drawn on outstation centres where the bank has no branches, will be collected at the responsibility of the constituents and the Bank will not be liable for any act, negligence or insolvency of any agent.

(iii) Cheques etc. on clearing banks, if received after specified time will be cleared on the next working day. Local bills payable otherwise than on demand, should be sent one clear day at least before due date. Demand bills (hundies) should be lodged not later than specified time of presentation on the same day. Hundies lodged on Saturdays will be presented on the next working day.

(iv) No cheques will be accepted for collection in newly opened accounts till the confirmation of introducer is received by the branch, in accounts where the introducer has not come in person to the branch for introducing the account.

5) WITHDRAWALS BY CHEQUE

(i) 1st cheque book is free and subsequent cheque book @ Rs.2.50 per leaf for MICR/NON MICR cheque books. (Note: 1st Cheque book means cheque book of 50 leaves.) Cheques must be drawn on the printed forms provided by the Bank. The Bank reserves to itself the right to refuse payment of cheques drawn otherwise. Application for cheque book must be made by the constituent personally or in writing. The printed Requisition Form inserted in the cheque book should be used when a new cheque book is required. To prevent forgeries, frauds, etc., constituents are particularly requested to

(ii) Keep the cheque book under lock and key.

(iii) Fill in the body of cheque before delivery.

(iv) Fill in the amount in words, as near as possible, to the words "Rupees" and the amount in figures, as near as possible, to "Rs.".

(v) The writing of cheque should be clear and distinct and cheques must be drawn in such a way as to prevent any alteration or addition after issue.

(vi) The amount in cheques must be stated both in words and figures.

(vii) Alterations made in cheques must be authenticated by the drawers full signature, otherwise the cheques will not be paid.

(viii) Payments of cheques on which the signature does not exactly correspond with that on record at the Bank will be refused.

(ix) The Bank has a right to ask for proper identification of the presenter for making cash payments of cheques.

(x) Cheques post-dated i.e. bearing a date subsequent to the date of presentation will not be paid. Cheques bearing date over six months prior to the date of presentation will be refused payment.

(xi) Constituents are requested to cross all cheques intended for collection before depositing them into their accounts.

(xii) The Bank will register instructions from the drawer of a cheque to stop the payment.

(xiii) Issue of cheques without sufficient funds in the account may attract penalty under Section 138 of N.I.Act”.

(xiv) Cheques must not be issued without providing funds in the account. If, cheques are presented without sufficient funds to meet them, payment will be refused and the cheque returned. Repeated disregard of these instructions will entail the summarily closing of the account.

(xv) Account can be overdrawn only after previous arrangement with the Bank. In no case, overdrawing would be allowed in the accounts of minors.

(xvi) To safeguard cheques from being collected by unauthorized persons, cheque payable to a firm or a limited company even though "Bearer" may not be accepted for credit of a personal account, unless it is specifically endorsed by the payee in favour of the individual collecting it. If the individual collecting the cheque is a partner of the payee firm or a director of the company, then the endorsement on behalf of the payee must be by the hand of a partner or director other than the partner or director collecting it.

6) INTEREST

No interest is payable on credit balance in current account, including those of Bank's staff members as per RBI directives. However, simple interest at the rate of Savings Bank shall be paid on credit balance of deceased individual accountholders, from the date of his/her death till the date of payment to the legal heirs. In the case of death of a sole proprietor, interest will similarly be paid in the account of the sole proprietary firm.

7) STANDING INSTRUCTIONS

Bank accepts Standing Instructions from accountholders for periodic remittances of Insurance premia etc. The charges are Rs. 20/- (+S.Tax) per transaction involving credit to another account with other branch. If the transaction involves another bank at the same centre or an upcountry centre, remittance charges at the prescribed rates and the actual postages/courier charges shall be recovered additionally. Charges for inability to carry out standing instructions due to insufficient balance in the account shall be Rs.20/- (+S.Tax) per occasion

8) CLOSING OF AN ACCOUNT

(i) The accountholder must give in writing his/her intention to close the account. In case of partnership firm and joint account, the letter of request should be signed by all the partners and all the accountholders, respectively. In case of limited companies, a board resolution authorizing closure of the account is required.

(ii) The unused cheque leaves, Debit Cards, if any, in the possession of the depositor should be returned to the Bank.

(iii) Latest statement of account should also be presented.

(iv) Bank shall recover Rs.75/-(+S.Tax) from Individual or Rs.100/-(+S.Tax) from Non-Individual if an account is closed within a year.

9) SIGNATURE OF THE DEPOSITOR

(i) Every accountholder will be required to give specimen of his/her signature for record in the presence of an authorized officer of the Bank at the time of opening of the account.

(ii) All withdrawal instructions, cheques and letters to the Bank must be signed strictly in accordance with the specimen signature recorded at the branch.

10) NOMINATION FACILITY

The individual accountholder/s and Sole Proprietorship concern will have the facility to make, vary or change nominations.

11) SERVICE CHARGES

Following Service Charges will be levied in the accounts :

(i) Rs. 100/- + S.Tax (in respect of cheque returned for financial reasons) and Rs.50/- + S.Tax for other reasons for each cheque issued by an accountholder and returned unpaid by the bank.

(ii) In case of cheques returned for financial reasons etc. interest @ 3.50% over Bank's Prime lending rate with a minimum of Rs. 10/-(+S.Tax) for the period from the receipt of the cheque in inward clearing by our Bank to the date of re-presentation of the returned instruments in clearing house by our Bank to the presenting Bank.

(iii) In the case of outstation cheques 50% of usual collection charges subject to a minimum of Rs. 25/- (+S.Tax) will be charged. Rs.500/- (+S.Tax) per quarter for not maintaining Quarterly Average Balance (QAB) as prescribed herein above.

(iv) For addition/deletion of names in joint accounts/nomination, Rs. 20/- (+S.Tax) per occasion.

(v) Charges for stop payment instructions ( per instrument) shall be Rs.100/- (+S.Tax) (However, Rs.400/-+S.Tax shall be recovered if stop payment instruction is for complete blank cheque book lost)

(vi) Charges for issue of duplicate statement will be Rs.30/- (From Individuals) and Rs.50/- (From Non-Individuals) plus S.Tax with latest balance only. Charges for previous entries, if required will be @Rs.30/- or Rs.50/- plus S.Tax as the case may be per ledger folio or part thereof. For accounts maintained on computer, 30 entries or part thereof will be treated as one ledger page.

(vii) Balance certificate/interest certificate will be issued on request at minimum charge of Rs. 20/- (+S.Tax) per certificate (individuals) and Rs.30/- (+S.Tax) per certificate for others.

(viii) For accounts with restrictive operations, Rs.200/- (+S.Tax) per half year shall be recovered.

(ix) For allowing operations through Power of Attorney, Rs.200/- (+S.Tax) per half year shall be recovered.

(x) Rs.100/- per change shall be recovered for change of authorized signatory including reconstitution of a/c

(xi) For inoperative accounts incidental charges of Rs.100/- (+S.Tax) per half year will be levied.

(xii) Premature closure of account (i.e. within a year) Rs. 75/- (+S.Tax) to (individuals) and Rs.100/- (+S.Tax) to other will be charged.

(xiii) Ledger Folio Charges : @ Rs 50/- + S.Tax per ledger folio in every March. For arriving at ledger folio charges, free folios are allowed depending upon average credit balance as under :

For accounts maintained on computers, 30 entries or part thereof be treated as one ledger page.

Av.Cr. Bal (Rs.) Free folios (per year)

Upto Rs.25,000/- NIL

Above Rs.25,000/- & upto to Rs.50,000/- 4

Above Rs.50,000/- All Free

(xiv) Charges for stop payment instructions will be recovered @ Rs. 50/- per instrument.

(xv) Service charges are subject to change from time to time. 12. The Bank reserves to itself the right of closing any account after previous intimation, if it is not operated upon satisfactorily or if a minimum balance as stated above under point 4(a) is not maintained or the balance in the account becomes NIL after application of service charges in inoperative accounts.

13) ADDITIONS AND ALTERATIONS TO THE RULES

The Bank reserves the right to alter or add to these rules at any time without notice.

14) The above rules are not exhaustive.

Baroda Savings Account

Depending on the nature of the account and the governing terms and conditions, Bank of Baroda offers you under Savings Accounts.

Click each product for more information.

Baroda Centenary Savings Account

Savings Bank Account

Super Savings Account

Nagrik Bachat Khata

Baroda Salary Advantage Saving Account

Baroda Bachat Mitra

Baroda Pensioners Savings Bank Account

Baroda Jeevan Suraksha Savings Bank Account

Saving Bank Rules 1) Who can open a Savings Bank Account (i) Any person competent to contract and satisfactorily introduced to the Bank

may open an account in his/her own name. He/She may not open more than one such account. Accounts may be opened in the names of two or more persons and may be made payable to:

(a) any one or more of them, (b) any one or more of the survivors, (c) either or anyone or more of them or the survivors jointly, or survivor. (d) 'former or survivor 'or' latter or survivor', subject to the condition that the second/first named account holder respectively, will be entitled to the balance lying in the account only on the death of the former/latter account holder.

(ii) A savings bank account may be opened in the single name of a minor and may be operated upon by minor, if he/she has completed the age of-10-years and is able to read and write. Maximum balance to the credit of such account should not exceed at any time Rs.1,00,000/-.For accounts of minors above-14-years,there is no limit to maximum balance.

(iii) A savings bank account may be opened in the name of minor jointly with his/her natural guardian i.e. father or guardian i.e. mother or both.

(iv) An account can be opened in the name of club, society, provident fund and trust, provided they are duly constituted and subject to satisfaction of conditions stipulated by Reserve Bank of India/the bank from, time to time.

(v) As per RBI directive and subject to their prior approval, accounts can be opened in the names of specified institutions/agencies, if they are registered under the Societies Registration Act or Companies exempted from using the words 'Ltd. 'or 'Pvt Ltd. 'as part of their names as per the Companies Act.1956 and those working for socially desirable purposes and serving weaker sections of the society and those exempted from paying Income tax under Income Tax Act 1961.

(vi) Further, as per RBI directives, Savings Bank account can also be opened in the name of Government Departments / bodies / agencies in respect of grants / subsidies released for implementation of various programmes / schemes sponsored by Central / State Government. Bank should also keep on their record a copy of the authorization issued by the respective Government departments.

2) How to open a Savings Bank Account (i) Application to open an account must be made in Bank's prescribed account

opening form. It should be made, in person, in the presence of Bank’s authorized officer and the applicant must fill in all the columns of the application form. Each applicant will be required to sign a declaration to the effect that he has read and accepted the Savings Bank Rules.

(ii) Illiterate depositor, unable to write, must attend in person and affix his/her thumb impression on the account opening form in the presence of an approved witness, who is known both to the bank and the applicant. Such illiterate depositor should lodge his/her recent photograph with the bank, duly attested by a person known to the bank. Thus, he/ she need not have his/her thumb impression attested by a witness every time he/she withdraws money from the account. It will suffice, if he/she affixes his/her thumb impression in the presence of an officer of the Bank.

(iii) At the discretion of the Bank, illiterate persons are allowed to open accounts jointly with persons who are literate or illiterate and closely related to them, to be operated upon jointly.

(iv) No cheque book facility will be extended in the single or joint savings bank account of the illiterate depositors.

(v) Every account holder should submit copies of his/her recent passport size photograph at the time of opening an account.

(vi) The account is to be introduced by an existing account holder having satisfactorily conducted account with the Bank. Whenever a deposit account is opened and introduction is taken from an existing account holder; the following conditions must be fully satisfied:

(a) The account of the introducer should be minimum six months old and (b) The account of the introducer should have been satisfactorily and actively conducted. (c) The account of the introducer should be KYC compliant. It means the proposed introducer has complied with the KYC requirement in respect of the account maintained with the Bank. 

Any of the following documents bearing photograph of the holder is also accepted for the purpose of identification. a) Valid Passport b) PAN Card c) Driving Licence d) Voters ID Card e) Defence ID Card f) Identity Card of employees of central/State Govt. & Public Sector Undertakings g) Senior Citizen’s Card 

In the event of withdrawal of introduction by the introducer, the Bank shall be entitled at its sole discretion to suspend the operation in the account immediately, without prior intimation to the depositor and it will be in order for the Bank to return / dishonour the cheques, if any, drawn on account, closing of account, without being liable for the same.

3) Pass Book (i) Bank issues passbooks/statement of accounts to account holders. For

withdrawing money from an account through a withdrawal slip, production of pass book/statement of account/identity card issued by the branch is necessary. The Bank will not be responsible for any loss caused to the depositor, if an unauthorised person obtains the possession of the pass book/identity card/statement of account and fraudulently withdraws from the account.

(ii) Any change of address should immediately be intimated to the Bank and the pass book sent for necessary alterations with new address proof document required under KYC norms.

(iii) Pass book/identity card/statement of account will be issued free of charge at the time of opening an account and in continuation of the original. But if the pass book/identity card/statement of account is lost or spoiled, the depositor will have to pay prescribed charges for issue of duplicate pass book/identity card/statement of account.

(iv) In case of accounts in which withdrawals are made by cheques, the pass book should be sent periodically to the bank for updating after the withdrawals or as may be convenient.

4) Credit (i) The smallest amount that can be deposited at the time of opening of an

account is as under:

Particulars Any CBS branch irrespective of area

A/c with Cheque book facility or without cheque book facility

Rs.1000/-  for opening. 

Quarterly Average Balance (QAB) ofRs.1000/- is also required to be maintained after opening the account.

Pensioner’s Account Rs.5/-

All payments made in the account should be accompanied by a paying-in-slip, which is supplied free of charge to customers. Separate paying-in-slip should be used for

(a) Cash (b) Local cheques/DWS etc. drawn on our branches (c) Local cheques D/W etc. drawn on other banks (d) Outstation cheques, DWs, draft etc. drawn on outstation centres where the bank has no branches, will be collected at the responsibility of the constituents and the Bank will not be liable for any act, negligence or insolvency of any agent or for losses or delays occurring in the course of such collection.

(ii) Cheques, dividend warrants, interest warrants etc. which are drawn payable to the account holders only will be accepted for collection. In case of new accounts no cheques, dividend warrants etc. will be accepted for collection till the confirmation of the introducer is received, in accounts where the introducer has not come in person to the branch for introducing the account.

(iii) To facilitate proper identification of accounts, full name and account number should be written in the paying-in-slip in relative columns while tendering cash/cheques. Bank will not be responsible for return of cheques due to non-credit of amount/proceeds of cheques so tendered, on account of wrong name/account number filled in by the depositor in the paying-in-slip.

5) Withdrawals (i) Withdrawals will be allowed either by withdrawal forms or by cheques or by

any other accepted mode. (ii) The total number of withdrawals from a savings bank account should not

exceed 100 in a calendar half-year. (iii) Cash withdrawals by a withdrawal form less than Rs. 25/- in Rural and

Semi Urban branches and Rs. 50/- in case of Urban and Metro branches will not be permitted unless it is for closing an account.

(iv) Cash withdrawals against withdrawal form shall be allowed up to Rs.5,000/- in Metro/Urban Centres and up to Rs.25,000/- in Rural/Semi-urban centers.

6) Withdrawals by Cheque (i) Cheque book will be issued at a cost of Rs.2.50 plus S.Tax per cheque leaf

at the time of issue of cheque book. However ,for SB accounts of individuals ,40 leaves will be free in a financial year. Free supply of cheque books in a SB account will be on pro-rata basis i.e. 20 cheque leaves for 6 months and /or part thereof. Requests for new cheque books must be made by depositors on printed requisition forms inserted in the old cheque books. To prevent forgeries, frauds, etc., constituents are particularly requested to–

(a) keep the cheque book under lock and key, (b) fill in the body of cheque before delivery, (c) fill in the amount in words, as near as possible, to the words "Rupees" and the amount in figures, as near as possible to the words "Rs."

(ii) Cheques must be drawn on the printed form provided by the Bank. The Bank reserves the right to refuse payment of cheques drawn otherwise.

(iii) The bank reserves the right to withdraw the cheque book facility without prior intimation, if a minimum balance as above is not maintained or for any reason whatsoever.

(iv) In case of accounts where cheque books are issued, withdrawals will be permitted by cheques only.

(v) Cheques post dated i.e. bearing a date subsequent to the date of presentation and cheques bearing date over six months prior to the date of presentation i.e. stale cheques will not be honoured.

(vi) The writing of cheque should be clear and distinct and cheques must be drawn in such a way as to prevent any alteration or addition.

(vii) The amount in cheques must be stated in words and figures. (viii) All alterations made on the cheque must be authenticated by the drawer

under his full signature as per the specimen signature recorded with the Bank, otherwise the cheque will not be paid.

(ix) The signature on the cheque should correspond with specimen signature supplied to the Bank, otherwise the Bank shall be entitled to refuse payment.

(x) Request to stop payment of cheque will be registered, but the Bank cannot accept any responsibility if such instructions are overlooked.

(xi) No withdrawals will be allowed against cheques or other instruments deposited for credit of an account, until they are realised.

(xii) The account number must be written on all cheques. The Bank is entitled at its discretion to refuse payment of cheques having no mention of the account number.

(xiii) Precautions in using cheque books and its safe keeping as printed thereon, should be strictly observed.

7) Interest (i) Interest will be paid at rates specified by RBI from time to time, at half

yearly intervals in May & November each year. (ii) The interest will be allowed on daily balance basis 8) Standing Instructions (i) Bank accepts Standing instructions from account holders for periodic

remittances of Insurance premia etc. The charges are Rs. 20/- plus S.Tax per transaction involving credit to another account with other branches (No charge within same branch). If the transaction involves an upcountry centre, remittance charges at the prescribed rates and the actual postages/courier charges shall be recovered additionally.(Rs.20/- plus S.Tax per occasion shall be charged for inability to carry out standing instructions due to insufficient balance)

9) Closing of an Account (i) The account holder must give in writing his/her intention to request should

be signed by all the account holders. (ii) When an account holder wishes to close his/her account, he/she must

present his/her pass book/statement of account/identity card/Debit Card if any. (iii) The unused cheque forms, if any, in the possession of the depositor should

be returned to the Bank. 10) Signature of Depositor (i) Every account holder will be required to give specimen of his/her signature

for record in the presence of an authorised officer of the Bank, at the time of opening of the account.

(ii) All withdrawal forms, cheques and letters to the Bank must be signed strictly in accordance with the specimen signature recorded at the branch.

11) Nomination Facility

The individual account holder/s will have the facility to make, vary or change nominations.

12) Service Charges Following service charges will be levied in the accounts (i) Rs. 250/-plus S.Tax (in respect of cheque returned for financial reason +

50/- out of pocket expenses) and Rs.50/- plus S.Tax for other reasons. (ii) In respect of inward clearing cheques returned unpaid due to financial

reasons, Intt. @Base rate + 7.50% p.a. for the period from the receipt of the cheque in inward clearing by our Bank to the date of re-presentation of the returned instruments in clearing house by our Bank to the presenting Bank.

(iii) Rs.100/- plus S.Tax per quarter, if Quarterly Average Balance (QAB) of Rs.1000/- is not maintained at Metro / Urban centres and Rs. 50/- + service tax at Semi-Urban / Rural Centres.

(iv) Where the number of withdrawals/cheques during a half-year exceeds one hundred, service charges at the rate of Re. 10/-- per withdrawal/cheque in excess of one hundred withdrawals would be levied.

(v) Rs.50/- plus S.Tax per instrument every time a stop payment instruction is accepted.

(vi) Rs. 25/- plus S.Tax per occasion for addition/deletion of names in joint accounts/nominations/ change in operational instructions.

(vii)Issue of duplicate statement/pass book: For Individual customers Rs.50/- plus S.Tax per Pass Book with latest balance only and for Non-individual customers Rs.100/- plus S.Tax per Pass Book with latest balance only. If previous entries are required additional charges of Rs. 30/- plus S.Tax (Individual)or Rs.50/- plus S.Tax (Non-Individual) per ledger page or part thereof will be charged. For accounts maintained on computers, 30 entries or part thereof will be treated as one ledger page.

(viii) Issuance of Balance certificate/Interest certificate - Rs. 40/- plus S.Tax per certificate.(for individuals ) ;Rs.60/- plus S.Tax per certificate for (others)

(ix) Premature closure of an account (within a year): Individual : Rs.100/- plus S.Tax Others : Rs.200/- plus S.Tax

(x) Incidental charges for inoperative accounts : • Account maintaining stipulated minimum balance - Nil • Account not maintaining stipulated minimum balance - Rs.75/- plus S.Tax per half year starting at the time of interest application as at end of 1st year of inoperative status under advice to a/c holder. • If the balance in the a/c is Rs.75/- or less - Entire balance to be appropriated towards service charges under advice to the account holder.

(xi) Closure of a/c due to death of account holder : No charges. (xii) Rs.50/- plus S.Tax per half year for accounts with restrictive operations (xiii) Rs.50/- plus S.Tax per half-year for allowing operations in the account

through Mandate

(xiv) Service charges as above are subject to change from time to time. (xv) The Bank reserves to itself the right of closing any account after prior

intimation, if it is not operated upon satisfactorily or if a minimum balance as stated above under point 4(a) is not maintained or the balance in the account becomes NIL after application of service charges in inoperative accounts.

13) Additions & alterations to the rules The Bank reserves the right to alter or add to these rules at any time without

notice. 14) The above rules are not exhaustive. To know the current interest rates Click here.

For further details, please contact the Bank of Baroda Branch nearest to you. 

Gen Next Services

Key products

Gen-Next Junior

Gen-Next Lifestyle

Gen-Next Power

Gen-Next Suvidha

Gen-Next Junior (Saving Account)

Product Nature

This is a Special kind of Savings Bank Deposit product for children to be made available in Gen-Next Pune branch. 

Target Group

Children upto 18 years of age.

Minimum Amount & Balance

QAB: Rs 500/- 

Charges for non-maintenance of QAB is Rs 50/ per quarter only.

Maximum Amount

In case of joint accounts with parent and minors (with sole account) above 14 years, there is no ceiling on the maximum amount.

An account in the sole name of minor above 10 years and below 14 years, maximum limit is Rs 1 lakh.

Single / Joint Accounts

In case of minor below 10 years the account shall be opened jointly with parents / guardian.

Minors above 10 years (below 18 years) can open the account in their sole name subject to :Minor is able to read and write any of the recognized languages, and

Capable in the opinion of the Bank officials of understanding the what he / she is doing and SB account rules and regulations

Terms & Conditions

The basic rules governing the Savings Bank a/c will also be applicable to this account.

Chequebooks will be issued under the scheme. First Chequebook with 20 leaves per half year will be free of cost.

Cash deposits of Rs. 50000/- and above in a day will require PAN.

KYC norms will be observed in this savings bank a/c.

Number of withdrawals not to exceed 100 in a half-year by customer.

All other charges will be same as applicable to the ordinary Savings a/c.

Account will be operated by the customers using withdrawal slip, Cheque leaves, Standing instruction, ECS (debit), Debit Card, Internet banking facility etc.

Interest rate, periodicity and method of application of interest will be similar to our usual Savings Bank a/c. The other provisions like transfer to dormant, in operative etc. will be the same as applicable to our usual SB a/c.

Anywhere banking facility.

Free standing instruction.

Value Propositions

Free Debit card to the children above 15 years of age only.

Complementary add on card to the children (more than 15 years) in case of joint account holder.

Special gifts on opening of account. (The value of gift in any case will not exceed Rs. 250/-).

Free Internet Banking Facility available. In case of minors’ account (above10 years upto 18 years) net transaction services will not be provided. For this purpose restrictive clause allowing only viewing facility need to be inserted in Baroda-Connect application form. 

Free Internet browsing package of 50 hrs (for accounts opened up to 30.06.2007).

Free issue of Banker cheques / Demand Drafts through account for purchase of prospectus and deposit of application forms for entrance examination or admission to any course payable to concerned institute / college. (Maximum 5 in a calendar year).

Hassle free education loans. 

Gen-Next Lifestyle

Type Of Facility

Term Loan (Combo Pack)

Purpose

Purchase of Home Furnishings / Consumer Durable goods (includes color T.V., video camera / refrigerator / washing machine / music system / air-conditioners / cooking system etc).

Purchase of vehicle i.e. two-wheeler / four-wheeler. Purchase of Laptop / PC. Purchase of any new electronic gadgets like Mobile, i-Pod, Handycam etc.

Target Group

Working executives / professionals.

Eligibility

Should be an Indian National Permanent Employees of State / Central Government, Public Sector Undertakings, Semi government

Organization, State / Central Govt. Corporations, Urban Development Authorities, Educational Institutions, Universities. Regular Employees of MNCs, Public Ltd Companies with minimum two years experience out of which minimum one year service with the present organization.

Employees of Private Limited Companies, Regional head will permit on case-to-case basis.

Present gross annual emoluments / income of the applicant should not be less than Rs. 2.50 lacs.

Age

Minimum – 21 years

Maximum – 45 years

Maximum Loan Amount

Subject to maximum of:

Furniture & Fixture / New Consumer Durables : Rs. 2 lacs New Vehicle (Four Wheeler) : Rs. 6 lacs (Two Wheeler) : Rs. 1 lac Old Four Wheeler (Not more than 3 years old) : Rs. 4 lacs New modern gadget/s : Rs. 1 lac

Aggregate loan amount should not be more than Rs. 8.00 lacs.

Subject to:

24 times gross Monthly income. Total deductions including EMI of proposed loan should not exceed 60% of the gross income.

Margin

Furniture & Fixture / New Consumer Durables : 20% New Vehicle (Two wheeler / Four wheeler) : 15% Old Vehicle (Four wheeler only) : 40% New Modern Gadgets (Including Laptop / PC) : 20%

Rate Of Interest

Applicable Interest rate as per retail products –purpose wise

Processing & Documentation Charges

Applicable processing charges as per retail products –purpose wise

Repayment

Furniture & Fixture/New Consumer Durables : 60 months New Vehicle (Two wheeler/Four wheeler) : 60 months. Old Vehicle (Four wheeler only) : 36 months. New Modern Gadgets (Including Laptop/PC) : 24 months.

Loan will be repaid in Equated Monthly Installments (EMIs). (12 post-dated cheques are to be obtained in advance every year, with undertaking to maintain adequate balance).

Features

Anywhere banking facility. Free Internet Banking facility. No Prepayment charges. Travel, Investment and FOREX Support. Free Next-Gen Credit Card with Add on card for spouse.

Banking Relationship

Applicant’s banking relationship either with our bank or other bank should be analyzed / examined by perusing pass

book or statement of account of his main bank account of last six months to satisfy that the conduct of the account is satisfactory.

Security 

Loan agreement - cum - Instrument of Hypothecation of Home Furnishings / Consumer Durable goods / vehicle / PC or Laptop / New Modern Gadgets.

Hypothecation of vehicle, in case of loan for a car / two wheeler. Usual undertakings / documents as applicable to pledge of FDRs, NSCs, shares Bonds, Units etc., if

stipulated. Personal Guarantee of one / two persons having adequate worth. The guarantee may be waived if loan is

availed only for purchase of new vehicle.

Documentation

D.P. Note. Letter of installment with acceleration clause. Declarations cum Undertakings cum Authority In case of vehicle loan, Bank’s charge to be noted with RTO (Certified Xerox copy of the Registration

Certificate having bank’s name as financier be kept on bank’s records with the documents. Blank TTO forms in duplicate. Hypothecation of Vehicle (LDOC-20) / PC / Laptop / New Modern Gadgets etc, if availed. Other documents to charge the liquid securities, if offered, as per bank rules. General form of Guarantee, if stipulated. Other securities, as stipulated. Adequate insurance of articles purchased out of bank loan with Banker’s clause. The premium is to be borne

by the borrower.

Other Provisions

Separate loan account for Home Furnishings / Consumer Durables, vehicle and PC / Laptop / New electronic gadgets to be maintained, if availed.

Penal interest @ 2% p.a. on overdue amount for period of default. Loan is to be considered only for reputed brands. A stamped undertaking from the employee authorizing the employer to remit the salary every month to the

bank for credit of specified SB / Current Account during the currency of the Loan facility and also to deduct from the retirement / terminal benefits, the outstanding overdraft amount with the interest in case of retirement / resignation / cessation of employment for any reason. A copy of the undertaking duly acknowledged by the employer has to be kept on branch.

The payment will be directly made to the dealers in case of new vehicle/ other articles. In case of second hand cars, certificate about the value and residual life of the car to be obtained from a

reputed garage.

Gen-Next Power (OD Facility) 

Product Nature

This is a special Savings Deposit product having an in built feature of overdraft facility to be available at Gen-Next Pune branch.

Target Group

The product is targeted to working executives and other working professionals.Our Bank’s Staff members are not eligible to avail the product.

Minimum Amount & Balance

There is no minimum balance requirement in the account and as such no service charges shall be levied towards this.

Maximum Amount

There shall be no ceiling on the amount to be deposited and credit balance in the account.

Eligibility Criteria

Permanent Employees of State / Central Government, Public Sector Undertakings, Semi government Organization, State / Central Govt. Corporations, Urban Development Authorities, Educational Institutions, Universities. Regular Employees of MNCs, Public Ltd Companies with minimum two years experience out of which minimum one year service with the present organization.

Employees of Private Limited Companies, Regional head will permit on case-to-case basis. Minimum age of 21 years. Minimum take home Salary should not be less than Rs. 10,000/-. Maintaining satisfactorily conducted salary account with the Bank at least for three months.

Special Feature 

The branch SHALL offer Overdraft facility (Clean/unsecured) to employees who fulfill the eligibility criteria mentioned above to meet out their regular short-term personal / family needs.

Overdraft Facility

Maximum Age: 45 years. (This product is meant for youth) 

Amount: 5 times of net take home monthly salary subject to:

  Min Rs. 50,000/-

  Max Rs. 2.00 lacs, subject to condition:

  Risk Rating Category “A” & “B” Rs. 2.00 lac

  Category “C” Rs. 1.00 lac

  Category “D” NIL.

For credit rating purpose, model meant for personal loan will be taken into consideration.

PROCESSING & DOCUMENTATION CHARGES:Applicable processing charges as per retail products –purpose wise

Security Documents:

D.P. Note. Letter of continuing security. A stamped undertaking from the employee authorizing the employer to remit the salary every month to the

bank for credit of specified SB / Current Account during the currency of the OD facility and also to deduct from the retirement / terminal benefits, the outstanding overdraft amount with the interest in case of retirement / resignation / cessation of employment for any reason. A copy of the undertaking duly acknowledged by the employer has to be kept on branch.

Third party guarantee having adequate net worth. Cross guarantee may be accepted.

Rate of Interest:Applicable Interest rate as per retail products –purpose wise

Other Conditions:The account is to be brought into credit once in a year.

Interest Rate On Credit Balance In The A/C.

Interest shall be payable on credit balance in the account as per savings bank account rules viz. relating to periodicity, rate and system of application of interest, computation of eligible balances etc.

Other Conditions

1. Chequebooks will be issued under the scheme. First Chequebook with 20 leaves per half year will be free of cost.

KYC norms are to be observed. Number of withdrawals not to exceed 100 in a half-year by customer. All other charges will be same as applicable to the ordinary Savings a/c. Account will be operated by the customers using withdrawal slip, Cheque leaves, Standing instruction, ECS

(debit), Debit Card, Internet banking facility etc. The other provisions like transfer to dormant, in operative etc. will be the same as applicable to our usual SB

a/c. Employee should be in active service. After sanction of facility, the Branch to monitor the accounts by verifying the credit of salary in the accounts

each month. All overdrafts in such savings bank account shall be reported in the weekly Form 153 along with balance in

other overdraft accounts, as being done in the case of TODs/ODs in current accounts. The branch should scan salary savings bank accounts wherever the salary is being credited since last three

months and the conduct of the account is satisfactory. The Branch Manager should satisfy himself about the financial soundness of the employer before considering the facility.

Other rules governing the Savings Bank a/c will also be applicable mutatis mutandis to the accounts under this product.

In case the borrower is transferred and the Bank has a branch at the place of new posting, the account can be transferred to the branch after following extant guidelines, if overdraft is outstanding in the account, for transfer of such accounts.

Other Features

Anywhere banking facility. Personalized Debit Card. Free Internet Banking facility. Travel, Investment and FOREX Support. Free Demat Account opening. e - trading facility available. Free NEXT GEN GOLD Credit Card with Add on card for spouse (As per eligibility criteria fixed by BOB

Cards Ltd.).

Gen-Next Suvidha 

Product Nature

This is a Recurring Deposit product enabling the customer to make regular savings on monthly basis and earn higher interest.

Customer Segment

Individuals in their single / joint names. Minors of age 10 years and above jointly with their parents / natural guardians. Minors below 10 years age through their parents.

Minimum / Maximum Amount

There is no minimum balance requirement in the account and as such no service charges shall be levied towards this.

Maximum Amount

“Gen-next Suvidha” Account can be opened with monthly installments of Rs.100/- or above & in multiples thereof with a maximum of Rs.10, 000/- per month.

The number of installments can range from 12 to 120 months (In multiples of 3 months). The depositor shall, at the time of opening the account, stipulate the amount of core monthly installment and

the number of installments payable by him which shall not subsequently alter. The depositor is given an option to deposit higher monthly installment in the account as and when available

and the maximum amount should not exceed Rs. 10,000/- per month. However, monthly installments paid during the time gap of less than 24/12 months (depending upon the period chosen) at the ending stage of the account’s tenure, shall not exceed in any month three times the core monthly installment or Rs. 10,000/- whichever is less.

Rate Of Interest

As decided by bank from time to time for Term Deposits of same tenure.

Loan Against Deposit

Loan can be considered against the deposit in the account in accordance to normal guidelines for advances against Recurring Deposit.

Interest shall be charged on such loan at the rates advised from time to time on Loan against Bank’s Own Deposits.

Gen-Next Suvidha 

Other Conditions

The installment must be paid on or before the 10th day of every month to be considered eligible for interest for that month.

Installments will be accepted free of charge at any of the branches of our Bank. The account will mature for payment on the pre-determined due date at the time of opening or one month

after the date of depositing the last instalment. The Bank reserves the right to close any account after giving due notice in which the monthly installments

are not paid consecutively for –3- months. If a sole depositor, or in the case of a joint account, all the depositors, desire(s) to discontinue the account

before all the agreed installments are paid, the amount of installments already paid will be repayable together with interest.

If an account is closed or discontinued for any reason before all the agreed installments are paid by the depositor, the amount of installments already paid may be repaid together with interest calculated at a rate 1% below the rate applicable at the time of opening the account for the period for which the deposit has remained with the Bank.

If an account is closed within 12 months of it’s opening, a charge of Rs.50/- will be levied.

Other Features

Anywhere banking facility. Transfer of Recurring Deposit accounts between our wide network of branches without any charge. Free Internet Banking facility. Nomination facility available. Free NEXT-GEN Credit Card with Add on card for spouse.

Retail Loans

A wide range of solutions for your financial needs.

Bank of Baroda offers a wide range of retail loans to meet your diverse needs. Whether the need is for a new house, child's education, purchase of a new car or home appliances, our unique and need specific loans will enable you to convert your dreams to realities.

Key products

Home Loan Home Loans to NRIs / PIOs

Home Improvement Loan Interest Subsidy Scheme For Housing The Urban Poor (ISHUP)

Loan Against Future Rent Receivables Mortgage Loan

Advance Against Securities Education Loan

Baroda Career Development Loan Auto Loan

Two Wheeler Loan Loan to Doctors

Traders Loan Personal Loan

Baroda Ashray (Reverse Mortgage Loan) Loan for financing Individuals for subscription to Public Issues /IPO

Baroda Home LoanBe a proud home owner in 6 days

Bank of Baroda invites you to be a proud owner of your own home and offers easy Home Loan with a number of conveniences to suit your budget.

Home Loan is available for:

Purchase of new / old dwelling unit.

Construction of house.

Purchase of plot of land for construction of a house.

Repaying a loan already taken from other Housing Finance Company / Bank.

Repa

Baroda Home Loan

Value propositions

Bank offers following benefits with home loan availed by you:

Free Property and Personal Accident Insurance (available for stipulated tenure of loan).

Free Credit Card - "Paras" card (Complimentary for first year) to all new home loan borrowers with loan limit of Rs. 2/- Lakhs and above

Advance up to 90% of the principal amount of home loan repaid for any requirement ('AAA').

As per current IT provisions - Interest on loan upto Rs. 1.5 Lakhs per annum is exempt from income tax (Under section 23/24(I) of the Income Tax Act).

Terms & Conditions

Income Criteria:

  Monthly Income   Modified Criteria  Up to Rs. 20,000/-   36 times of monthly income  More than Rs.20,000/- & up to Rs. 1 lac   48 times of monthly income  More than Rs. 1 lac   54 times of monthly income

Margin: 

  Monthly income   Purpose   Margin  Upto Rs.20000/-   Purchase of plot   20%     House/flat already constructed from own resources   25%     All other cases   20%  Above Rs.20,000/-   Purchase of plot   20%     House/flat already constructed from own resources   20%     All other cases   20%

As security against the loan amount, the bank will take an equitable mortgage of the housing property

and/or other suitable securities.

No Fees will be charged on part prepayment / full prepayment of the loan amount from own sources.

The loan can be repaid in a maximum period of 25 years taken under floating rate option subject to the period up to age of retirement in case of salaried persons and 65 years in case of others.

In case of full prepayment or foreclosure (other than from own sources) fees will be charged at 0.5% for each year of the residual period subject to maximum of 2%

yment period up to 25 years (floating rate option).

Baroda Mortgage Loan

Bank of Baroda brings to you an innovative combination of a loan and over draft facility with flexible repayment options against the security of your immovable property.

Key Benefits

Ideal use of idle property - Generate additional income from an otherwise idle property.

Withdraw money as per your need and save on interest cost.

Deposit surplus money / regular income / salary and save interest.

Flexibility to withdraw money deposited earlier.

Can be availed either as overdraft or demand loan as per your need.

Salient Features

Limit:

Minimum : Rs. 1 lac

Maximum areas

o Rural areas: Rs. 5 Lacso Other areas: Rs. 100 Lacs

Repayment

o Loan: Maximum 84 EMIs

Easy Documentation

Mortgage loan from other banks can be taken over

Terms & Conditions

Eligibility:

Salaried Employees / Professional, Self Employed & Other income tax assesses for last 3 years with a minimum gross annual income of Rs. 60000.

Age: Minimum 21 years

Income Criteria:

Salaried: 36 times of net monthly income Others: 3.5 times of net annual income (average of last 3 years)

RATE OF INTEREST: (CLICK HERE FOR CURRENT INTEREST RATES).PROCESSING CHARGES: (CLICK HERE FOR DETAILS)

Documents Required:

Salaried

o Income proof (Form 16 along with salary certificate from the employer)

Professional / Self-employed

o I.T. returns for past 3 yearso Latest income tax assessment order (for overdraft amount of over Rs. 5 Lacs)o Income certificate from appropriate revenue authority like Tehsilldar/BDO/SDO (for agriculturist)o Original title deeds of the property offered for mortgageo Paid receipt of latest maintenance, water tax, municipal tax and any such taxes.o Non encumbrance letter from co-op societyo Permission to create Equitable Mortgage from societyo Last 6 months bank statements of main bank account

Baroda Education Loan

Education is the most important investment one makes in life. Higher studies and specialization in certain fields call for additional financial support from time to time.

Whether you are planning school education (nursery to standard XII) of your child, pursuing a graduate or post-graduate degree, the Bank of Baroda Education Loans, can help finance your ambitions and goals.

Following are the loan options available:

Baroda Vidya

Baroda Gyan

Baroda Scholar

Central Scheme of Interest Subsidy for Education Loans

Baroda Car Loan

In today's fast paced world, a vehicle is but a necessity. Yet other expenses and plans in life take priority and the dream of owning a car takes a back seat. Whether as a comfortable and dependable means of transport or as a status symbol in society, we believe you deserve ownership of a vehicle.

The Car Loans from Bank of Baroda are designed to finance the car that suits your need and matches to your status & taste.

Bank of Baroda also presents a unique add on facility for installation of CNG / LPG gas-kit in new/old (not more than 3 years) four wheeler. Save money. Save earth. Convert to alternative fuel today and bank on us for your financial requirements.

Key Benefits

Loans available up to Rs 100 Lacs for any car make/model (Inclusive of Gas-Kit).

Loans can be availed for new and second-hand vehicles (Not more than 3 years old).

Repayment period as long as 7 years.

Low interest rates.

Baroda Personal Loan

A wedding in the family. Maybe it's high time you surprised your spouse with a priceless gift. Or you simply need to pamper your family with an extended vacation. These are the times when you may need a helping hand. That's when you can bank on us. Bank of Baroda's Personal Loan offers financial help to meet your personal requirements.

Key Benefits

Helps you take care of all kinds of expenses at a short notice.

The Loan may be availed to meet expenses related to marriage, travel, honeymoon, holiday and medical expenditure or for any other personal use.

The loan is also available to Pensioners/Defence Pensioners

Loan is also available for Earnest Money Deposits for buyers of home/flat/plot.

Advance Against Securities

Unlock the value of your investments in securities. Avail loan for productive purpose or for meeting contingency needs of personal nature.

Against National Savings Certificates (NSC) / Kisan Vikas Patra (KVP)

Against the security of Life Insurance Policies

Against the security of Relief Bonds/Government Bonds eligible for bank finance and not restricted from availing Bank Finance

Baroda Loan to Doctors

Bank of Baroda brings to you Baroda Loan to Doctors, a one of its kind, designed specially to cater to the financial needs of the doctors.

The advance is available for projects related to setting up / expansion of nursing home / hospital / clinic and pathological lab etc.

Key Benefits

The loan can be availed as a demand / term loan and / or overdraft as per your preference

The loan is available for following purposes:

o Development of clinic / Clinic-cum-residence, Nursing Home, Pathological Laboratory.

o Purchase of medical / diagnostic equipments.

o Setting up of operation theatre.

o Purchase of office equipments viz. computers, fax, air-conditioners and furniture etc.

o Purchase of car, ambulance, etc.

o Expansion/ renovation/ modernization of existing premises/ Clinic/ Nursing Home.

o Working Capital requirement including stock of medicines.

Loan for financing Individuals for subscription to Public Issues /IPO

Do you wish to invest in Public Issues of reputed companies? Bank of Baroda's loan product for Financing Subscription to Initial Public Offers is designed just for you. So make your smart investment decisions and avail of the benefits.

Key Benefits

You can avail loan up to Rs. 10.0 lacs for subscribing to new issues.

Loan offered at affordable /competitive interest rate.

Invest now pay within maximum period of 90 days.

Option to continue the loan thereafter by availing loan against allotted shares.

Terms & Conditions

Loan Amount: Maximum Rs. 10 Lacs

Margin: 50% of the issue price including premium or Bid Price.

Loan Period: 90 Days

Rate of interest: Click here for details

Security

o Pledge of the shares to be allotted.

o Earmarking of the refund to be credited in the savings account of the borrower.

o Letter of Authority.

Service Charges: Rs. 300/-

Documents required: As per Bank’s norms.

Loan under the scheme is available only at selected branches

Interest Subsidy Scheme For Housing The Urban Poor (ISHUP)

“Affordable Housing for all “ is an important policy agenda of Govt. of India and accordingly the Ministry of Housing and Urban Poverty Allevation ( MH & UPA) has designed an Interest Subsidy Scheme as an additional instrument  for addressing the housing needs of EWS and LIG segment in urban areas.  The scheme envisages the provision of interest subsidy to EWS and LIG segments to enable them to buy or construct houses.

Salient features of the scheme are as under:

1. Purpose – The scheme is applicable for urban poors only EWS/LIG persons.

2. Eligibility –

EWS - households having an average monthly income upto Rs. 5,000. LIG - households having an average monthly income between Rs.5001 upto Rs.10,000. For salaried persons: 36 times of last drawn salary. For others – Max. 3 times of average annual income (for last 3 years)

3. Loan amount admissible –

For EWS - Max. amount Rs. 1 lac for 20 years, for a house at least of 25 sq.mts. For LIG - Rs. 1,60,000, for a house at least of 40 sq.mts. However,    subsidy eligibility will be on Rs. 1 lac onlyAdditional loans, if needed would be at unsubsidized rates.

4. No loan for purchase of plot. 

5. Margin – min. 20% 

6. Rate of interest: as applicable for housing loans 

7. Repayment: Maximum 20 years including moratorium period. 

8. Security: Mortgage of house constructed / purchase out of loan (no collateral / third party guarantee for loans upto Rs. 1 lac excluding group guarantee. 

9. No Unified Processing charges

10. Free Home Loan Suraksha Bima of NICL (presently) 

11. Subsidy Reimbursement: 5% interest subsidy (Net Present Value) for a maximum of principal amount of Rs. 1.00 lac is available under the scheme.

Baroda Home Loans to NRIs / PIOs

Bank of Baroda presents yet another innovative product in the form of Baroda Home Loans to NRIs / PIOs, a unique housing loan facility designed specially for Non Resident Indians (NRI) and Person of Indian Origin (PIO).

Key Benefits

A loan product tailor-made for NRI / PIO needs

Free property insurance and personal accident insurance

No pre payment / foreclosure charges for part as well as full prepayment (when repaid from own sources by the borrower)

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Deposits  |  Gen-Next  |  Loans  |  Credit Cards  |  Debit Cards  |  Services  |  Lockers

The Bank of Baroda International Debit Card is accepted at over 50000 Visa Electron ATMs in India and 1000000 ATMs worldwide. The card is also accepted at any 350000 merchant outlets in India and around 29 millions globally. The card enables you to enjoy the convenience of cash-less purchasing power without the fear of overdrawing your account

Key Benefits

Take advantage of the most widely accepted card and be able to withdraw from any ATM displaying the VISA logo, in India and abroad.

At VISA Electron merchant shops, it can also serve as your electronic purse, and money gets debited instantly from your account, as you pay.

The Card allows you to get mini-statements from Bank of Baroda ATMs, or to check the balance in your account, avoiding visits to even our nearest branches.

Go for Bank of Baroda Debit Cards and go mobile with your money!

Services

Apart from the Loans, Deposits, Credit and Debit Cards, Bank of Baroda offers other services to make financial dealings easy and convenient.

Key services

Demat

BarodaHealth

Remittances (Baroda Money Express)

Collection Services

ECS (Electronic Clearing Services)

Government Business (PPF, DSRGE, Tax Collections and Savings Bonds)

Demat

The Depository system was introduced in India more than a decade back.

Today the word "Demat" is well known and most of the investors are conversant with the Demat of shares and securities.

Presently, there are only two depositories functioning in India and they are:-

i. National Securities Depository Limited (NSDL) andii. Central Depository Services (India) Limited (CDSL).

Financial Institutions, banks, custodians and stockbrokers complying with the requirements prescribed by Securities & Exchange Board of India (SEBI) can be registered as a Depository Participant (DP).

A "Depository Participant" is an agent of the Depository (NSDL or CDSL) who is authorized to offer depository services to investors. Thus to open a Demat account of an investor, a bank or its branch has to get registered as a DP of a depository i.e. NSDL or CDSL or both.

Centralization of DP Operations in our Bank:

The above pattern of DPs, at different branches, represents a distributed database and operations in which each of the above DPs is separately linked to either CDSL or NSDL. However, to have a better control & to consolidate DP operations and make available the facility to a large number of branches, our bank, under technology enabled Business Transformation Programme, has initiated steps to have a centralized DP operations by migrating the above DPs and their data to a centralized set up and link up identified CBS branches in India to this centralized set up. This approach shall enable Bank to offer Depository services to customers across large number of CBS branches.

We are now pleased to inform our customers that the DP from Capital Market branch, Baroda has since been shifted to following location and the centralized set up, named as Central Back Office-DP Operations (CBODPO), has commenced its operations w.e.f. 15/01/07.

Bank of Baroda,Baroda Sun Tower, Central Back Office DP Operations (Demat Cell)Ground Floor, C-34, G-BlockBandra Kurla Complex, Bandra East, MUMBAI- 400 051

Tel: 022 6698 4921 / 4939; 6698 4934 (Fax)e-mail : demat@bankofbaroda.com

With the shifting of data to CBODPO, branches offering DP services will continue to serve the customers at their counters.

From 19.02.2007, data pertaining to DP of NSDL at PBB, Mumbai branch has also been migrated to CBODPO. The accounts maintained at other remaining 6 DPs (CDSL and NSDL both) are also proposed to be migrated to this set up in due course.

Roll-out of facility to open and maintain Demat Accounts at identified CBS Branches:

The facility to open a Demat Account is being rolled out to CBS branches in India through web-based application named DEBOS.

The CBODPO operates as "Back Office" through the said web based application DEBOS. This application is being enabled at the CBS branches in a phased manner and such CBS branches shall act as "Front Office" for opening Demat accounts and for providing various other Demat related services to our customers/investors.

At present, more than 1000 CBS (Core Banking Solution) branches in India has been enabled for offering DP services of CDSL/NSDL. This network is proposed to be progressively increased. (Click here for the list of CBS branches authorized to open Demat accounts)

A non-CBS branch in India may, however, extend the services to the customers by forwarding the Demat Account Opening Form to the nearest CBS branch, enabled to work on DEBOS.

Our bank's following branches (except branch at serial No. (i) and (vi)) also operate as independent DP of CDSL or NSDL.

S. No.

Name of the branch DP of

1 Capital Market , Baroda Branch since linked to CBODPO

2 Paud Road, Pune CDSL

3 Ballygunj, Kolkata CDSL

4 Ghatkopar (West), Mumbai CDSL

5 PFS, Kandivli (West), Mumbai Branch since linked to CBODPO

6 Personal Banking Branch, Mumbai

Branch since linked to CBODPO

7 Bhadra, Ahmedabad NSDL

8 Parliament Street, New Delhi NSDL

Baroda Health

"Baroda Health" (Mediclaim Insurance Policy) for Bank’s Account holders.

With a view to offer value added services to our customers, we have developed a co-branded insurance product called as "BarodaHealth" (Mediclaim Insurance Policy) for Bank's Account holders w.e.f. 23rd February 2006 available at all our branches across the country.

What is Baroda Health Policy?

It is a Medical Insurance Scheme, available only to account holders of our Bank, which takes care of the hospitalization expenses incurred by the customer up to the amount of sum insured, in respect of the following eventualities.

Any illness / disease

Accidental injury and/ or any ailment.

Any surgery that is required in respect of any disease or accident that has arisen during the policy period

The minimum hospitalization should be for 24 hours

Key Benefits :

Very low premium

In this co-branded product, single premium (generally payable for a single person) is payable and Medical Health insurance cover is available to family of -4- (self, spouse and 2 dependent children) up to the amount insured without any additional premium.

A member or all the members in insured family can avail hospitalization benefits during the policy period, to the extent of aggregate sum not exceeding the sum insured.

Premium paid is eligible for Income Tax exemption under Section 80 D as per Income Tax Rules.

Salient features:

No medical examination required for commencement of health cover.

Pre-existing diseases also get coverage after 3 continuous claim-free policy years.

Coverage options available: 8 slabs ranging from Rs. 50,000/- to Rs. 5,00,000/- per family of 1+3.

Upper age limit of primary member (first named person) is allowed upto 80 years, if a person obtains the insurance cover before completion of 65 years and continue to renew the policy upto the age he wishes to or 80 years, whichever is earlier. 

The scheme is administered through Third Party Administrators (TPAs) for settlement of Hospitalization Claims under the insurance cover. 

The insured individuals get cashless hospitalization facility also in the selected hospitals through TPAs. The whole process is hassle-free and treatment upto the limit of insurance is available without any payment at the time of admission or discharge. Payment of hospital bill up to the sum insured will be taken care of by the TPA directly.

Scope of cover:

Room, Boarding expenses as provided by the Hospital / Nursing Home. 

Nursing expenses. 

Surgeon, Anaesthetist, Medical Practitioner, Consultants, Specialists Fees. 

Anaesthesia, Blood, Oxygen, Operation Theatre Charges, Surgical appliances, Medicines & Drugs, Diagnostic Materials and X-Ray, Dialysis, Chemotherapy, Radiotherapy, Cost of pacemaker, Artificial Limbs and cost of organs and similar expenses. 

Additional Covers

Terms and Conditions:

This policy is available only to account holders of our Bank.

Period of insurance cover is one year. The policy needs renewal on or before the expiry date for continuity.

The Premium Payable (currently in force).

The family for this purpose means self, spouse and two dependent children. Non-earning son / daughter is considered dependent (scholarship amount is not considered as income).

However, Married daughters are not considered dependent. 

There are certain diseases / expenses which are not covered in the scheme. Kindly check the details of

these Major Exclusions  The insured will receive the following documents directly from the insurance co. and TPA

Original Receipt (can be used as proof for claiming IT rebates U/s 80D of Income Tax Act.) Policy TPA guide book Identity Card issued by TPA

The scheme is administered through Third Party Administrators (TPAs) for settlement of Hospitalization Claims under the insurance cover. Please check details for Claim Procedure

How to Apply:

The process is simple. Bank’s customers can download the proposal form, fill up and submit along with the cheque for premium amount to our nearest branch. The cheque should be drawn in favour of ‘National Insurance Co. Ltd.’ For any further details or assistance, please visit our nearest branch. 

Disclaimer: Insurance is the subject matter of solicitation. Bank of Baroda is the Certified Corporate Agent for National Insurance Co. Ltd. and nothing contained on the Website shall constitute or be deemed to constitute an advice, an offer to purchase or an invitation or solicitation to undertake any activity or enter into any transaction relating to the Gen. Insurance Products. Participation by Bank of Baroda customers shall be purely on voluntary basis. The contract of Insurance is between National Insurance Company Ltd.  and the insured, and not between Bank of Baroda and the insured.

Remittances (Baroda Money Express)

Business relations get strengthened and add to the trust when financial dealings happen on time. The Baroda Money Expressremittance facility ensure instant payments and transfer of funds, saving you and your associates from waiting endlessly for funds to get credited.

This facility is available for both retail and corporate customers enabling efficient and easy transfer of money. So no more delays in transfer of funds typical of Banker's Cheque, Demand Drafts, Mail Transfers and Telegraphic Transfers.

The facility is available at 345 branches across 53 centres in India inclusive of all branches in Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Mumbai, and Pune.

(CLICK HERE for the list of centres providing services under Baroda Money Express ).

Key Benefits

Can be used to transfer money to the beneficiary's account in the same bank, or another bank or even to their residential/office address, thus offering convenient options.

This electronic remittance is the fastest way of transferring money from one place to another, at no additional cost. 

Added convenience of hassle free and quick customer service.

Collection Services >Model Policy on Collection of Cheques /

Instruments

Outward Bills for Collection:

All branches of Bank of Baroda have the facility of collecting Cheques, Demand Drafts, Interest Warrants, Dividend Warrants, Refund Orders, Clean Bills and Documentary Bills from customers and various centres.. All Cheques and other instruments are collected into properly introduced accounts and sent for collection on the day of receipt from the customers or the next working day.

Time Bound Collection:

All branches of Bank of Baroda are prompt in terms of the collections and forwarding of cheques and other instruments. For metro cities, when financial instruments are presented in a branch, the proceeds are credited to the customer's account on the same day in the following week. For state capitals, (and centres with more than 100 branches), amount is credited only after 10 days. If these instruments are not collected within 14 days of lodgement, interest @ 2% per annum over savings bank rate is paid and is credited to the customer's account, without the customer having to claim it.

Branches also accept requests for collection of Loan Certificates / FDRs issued by Joint Stock Cos.; prize money of Lottery Tickets, Foreign Currency Notes etc. The bank levies service charges as stipulated from time to time.

Inward Bills for Collection:

Bills of Exchange, Promissory Notes, Hundi's etc. (Clean / Documentary), payable locally but received from outstation branches / banks / parties are treated as "Inward Bills for Collection". Also, Bills received from Bank of Baroda branches and from other banks, directly from drawers or outstation parties are treated as Usance (??) Bills.

BOB Quick:

The Funds collected in this offering are credited to the customer's account within a guaranteed period of 7

days. Bank of Baroda's BOB Quick ensures a better collection service, which creates new avenues of income and ensures better investment of funds. All cheques amounting to Rs. 25000/- and above are drawn on select banks and are eligible for "Quick inter station clearing". Rs. 50/- per packet is charged for courier charges with an additional but nominal collection charge.

National Clearing Special Facilities:

This product is an undertaking by the Reserve Bank of India, for inter city clearing of cheques between the four metropolitan centres of Delhi, Mumbai, Chennai and Calcutta.

Key Benefits

Settlement of transactions on the basis of net value of instruments.

All financial instruments are cleared promptly with the introduction of mechanised cheque processing, achieved through MICR technology. The concept of clearing has been extended to clearance of outstation cheques also.

In addition to the four metropolitan centres, certain other centres have also been identified for "One Way National Clearing". These centres are Nagpur, Ahmedabad, Hyderabad, Bangalore, Pondichery, Trichy, Trivendrum, Vellore, Baroda, Erode, Madurai, and more.

Electronic Clearing Services (ECS)

This is a unique system under which Bank of Baroda helps companies and institutions making heavy payments disburse these amounts directly into the bank accounts of the beneficiaries such as account holders, shareholders, investors etc.

Key Benefits

Fayde to a Corporate Body:

Corporate bodies who have periodic, large volume payments to a fixed group investors / beneficiaries enjoy the following benefits:

Savings in administrative cost presently being incurred for printing of paper instruments in MICR format and dispatching them by Registered Post.

Elimination of fraudulent encashment due to loss in transit of instruments.

Reconciliation of transactions is made automatic. By the time the ECS cycle is completed, the user institution gets electronic data file from its bank with the date of payment and banker's confirmation thereon.

Cash management becomes easier as arrangement for funds is to be made only on the specified date.

Ensures better customer / investor service.

In line with practices adopted by best companies the world over who pay their shareholders / investors and customers.

Fayde to the customers:

Prompt payment on the due date.

Convenient receipt of money reduces trips made to the bank for depositing dividend/interest warrants.

Elimination of fraudulent encashment against instruments lost in transit.

BOB Cash Reach:

A tailor made product for customers, that enables faster remittance of funds. A more economic, convenient, smoother mode of operation which can be availed of by a well supported network of centres.

Smoother: Time and money spent on dispatches are saved More economic: Involves a premium service at nominal cost with a pickup service from the client's office. More Convenient: The collection and credit are both done on days convenient to the client. Centred towards client benefits: All the benefits are passed on to the clients, in terms of enhanced quality,

ease of liquidity and profit maximisation through better resource management. Spread over a good network: Initially launched at 5 centres, with the connectivity to be now fanned over to

around 200 centres.

Government Business

Apart from rendering all other Personal banking services to its customers/public, Bank of Baroda also works as Agency Bank for undertaking various types of Govt. Business viz.

CLICK the individual titles to know more about these services.

> Govt. Deposit Schemes/Bonds

Public Provident Fund 1968 Scheme (PPF)

Senior Citizens Savings Scheme, 2004 (SCSS 2004)

Govt. of India 8% Savings Bonds 2003 (Taxable)

> Pension Payment Business

Central Civil

Pension to Freedom fighters

Railway

Defence

Telecom

State Govts.

> Collection of Central/State Taxes

Direct Taxes (CBDT)

Indirect Taxes(CBEC)

State Sales/Professional Tax (ST/PT)

Treasury/Sub-Treasury business

> Services to Civil/Non-Civil Ministries

Accredited Bank to Ministry of Health & Family Welfare (MHFW)

Receipts/Payments work of Postal/Railways

Lockers

Storing too much jewellery and valuables in the house at times becomes a security issue and an impediment in case of natural calamities.

Bank of Baroda offers you, a safe, trustworthy space to store your valuables, jewellery, documents and other things dear to you.

Key Benefits

State-of-the-art Lockers, the safe deposit vaults with fully equipped, latest burglar alarm systems.

For additional safety, the Locker holder assigns a code word which further increases security.

Available in different sizes as per your requirement.

These Lockers and their contents can be nominated to people near and dear to you.

Terms & Conditions

1. Allotment & Operations of Locker

Locker facility is provided by the bank at its select branches. For obtaining a Locker at the Bank of Baroda, you must be an account holder with our Bank. Lockers can be allotted both individually (except minor) as well as jointly. NRIs do not require any prior permission from the RBI to hire a Locker with the Bank of Baroda. The lockers will be allotted on first come first served basis to the customers only. At the time of hiring the locker, bank will obtain a minimum-security deposit in the form of FDR from the

lessee for the amount which would cover 3 years rent and the charges for breaking open the locker in case of such eventualities.

The Security Deposit will be kept under Bank’s lien in respect of rentals and other dues on locker services viz. breaking open / replacement of lock in case of loss of keys etc.

An acknowledgement will be issued by the bank for fixed deposit to be kept as security deposit. The hirer of the locker will be provided the copy of the agreement i.e. 'Memorandum of Letting' by the bank. Loss of key should be immediately informed to the Branch. The bank shall not be responsible for any loss.

Charges for opening the locker, or replacing the lost key, and for changing the lock shall be payable by the Renter/s.    

With standing instruction, the rent may be paid from the deposit account of the hirer on due date. The Renter is required to operate the locker at least once in every six months and if the locker remains

unoperated for more than a year from the last date of operation then the Bank will have a right to cancel the allotment of the locker by giving a notice for security reasons and treat the Renter/s as a defaulter, notwithstanding that the rent has been paid up to date.

The locker will be operated during the specified timing displayed at the branches.

2. Benefits of Nomination / Survivorship Clause

The Bank has the facility of nomination in case of deposit of Locker and safe custody articles facility. However, the facility of nomination is not available in case of deposit of safe custody articles by more than one person. 

In the event of the death of one of the joint holders of locker/ safe custody, the right to the contents of the locker or the articles under safe custody does not automatically devolve on the surviving joint holder, unless there is a nomination / survivorship clause.

The customers are, therefore, advised to make nomination / open joint accounts under survivorship clause in their own interest

3. Access to the Survivor(s) / Nominee(s) / Legal Heir(s)

(A)  With Survivor/Nominee clause:

If the sole locker hirer nominates a person, bank will give to such nominee access of the locker and liberty to remove the contents of the locker in the event of the death of the sole locker hirer.

In case the locker was hired jointly with survivorship clause and the hirers instructed that the access of the locker should be given over to "either or survivor", "anyone or survivor" or "former or survivor" or according to any other survivorship clause, bank will follow the mandate in the event of the death of one or more of the locker-hirers.

The similar procedure will be followed for return of articles placed in the safe custody to the survivor/ nominee.

In case the locker was hired jointly with the instructions to operate it under joint signatures, and the locker hirer(s) nominates person(s), in the event of death of any of the locker hirers, the bank may give access of the locker and the liberty to remove the contents jointly to the survivor(s) and the nominee(s).

The claimants will have to establish their identity and submit documentary proof in respect of death of the locker hirer.

In such cases, the Bank will not insist on production of succession certificate, letter of administration or probate, etc., or obtain any bond of indemnity or surety from the Survivor(s) / Nominee(s).

There should not be any order from a competent court restraining the bank from giving access to the locker of the deceased.

In case of Locker/ Safe Custody with nomination/survivorship clause the bank will demand only following papers: 

Copy of Death certificate (duly certified from original) Duly filled in claim application in the prescribed form No.352. Stamped receipt for discharged safe custody receipt/Locker 

The access given to the survivor(s) / nominee(s), subject to the applicable conditions, would constitute a full discharge of the bank's liability and the bank will not insist on production of succession certificate, letter of administration or probate, etc., or obtain any bond of indemnity or surety from the Survivor(s) / Nominee(s).

(B) Without Survivor/Nominee clause :

In case where the deceased locker hirer/ depositor of the articles under safe custody had not made any nomination or clear survivorship clause, the access may be provided to the legal representative of the deceased based on Succession Certificate or Probate of a WILL or Letter of Administration.

In such cases the bank will give access to their legal heir(s) / legal     representative on the basis of following documents:

o Copy of Death certificate (duly certified from original)o Duly filled in claim form together with surety lettero Legal representation i.e. succession certificate or letter of administration or Probate of Will.o Stamped receipt for discharged safe custody/Locker receipt. 

However, in case the contents of the locker are not of great value, the Bank may at its discretion allow the heirs of the deceased to see the contents of the locker after fulfilling certain conditions and thereafter access to the locker may be allowed if the Bank deem fit so.

4. Geneal Guidelines

The Renter/Lessee and depositor of safe custody articles are advised that access to locker / safe custody articles may be given to survivor(s) / nominee(s) only as a trustee of the legal heirs of the deceased locker hirer/depositor of safe custody articles on the condition that such access if given to survivor(s) / nominee(s) shall not affect the right or claim which any person may have against the survivor(s) / nominee(s) to whom the access is given. 

5. Breaking open of Lockers

The Bank will publish the names of defaulters who have not paid the rent on its becoming due in spite of notices sent.

The Bank may break open the lockers within a period of six months from the date rent became overdue and by sending due notices as per bank’s norms. However, in respect of High Risk and Medium Risk customers, procedure will be followed as per point No. 1(iv) above.

In case of breaking open of the locker, Rs.250/- will be recovered as incidental charges over and above actual cost incurred for the same.

6. Revised locker rent in rupees for one year- W.E.F 01.10.2010.

(Exclusive of service tax)

Class Of Lockers

Metropolitan Urban Semi Urban/ Rural

Existing Revised Existing Revised Existing RevisedA 900 1100 645 900 450 700B 975 1200 720 1000 525 750D 1050 1550 795 1350 600 900C 1125 1650 870 1450 675 1000

E/H-1 1425 2000 1200 1800 975 1400G 1875 3000 1725 2800 1500 2400F 2025 3000 1425 2800 1200 2400

L-1 2325 5000 2325 4500 2025 4000H 2775 3500 2025 3300 1650 2800L 3750 5000 3150 4800 2400 4200

(B) Revised penalty provisions for payment of locker rent after due date (Effective from 01.10.2010):

When annual locker rental is up to Rs.1000/-  -Rs.20/- p.m. or part thereof for first -3- months and Rs.30/- p.m. thereafter.When annual locker rental is above Rs.1000/-    - Rs.30/- p.m. or part thereof for first -3- months and Rs.50/- p.m. thereafter..

(C) New provision for charges for lockers operation more than 12 times a year

- Rs. 50/- per occasion

Note:

1. The revised locker rent will be applicable to the existing customers whose rent becomes due after 30.09.2010 and to all new lockers allotted on and after 01.10.2010.

2. The existing system of giving 10% discount in rent, when the rent is paid in advance for 3 years & above, will continue. 20% discount in locker rent in case of Premium current account and Premium current account privilege customers if rent is paid in advance for a period of three years and above.

3. The revised penalty will be recovered from those locker holders who fail to pay the locker rent on due date.4. The locker holders, in their own interest, are requested to give standing instruction to the branch for auto

debit of rent on due date to their account to avoid penalty for late payment of rent beyond due date.5. Allotment of lockers is on first-come-first served basis.  For this purpose, a wait list is maintained.

6. 80% of the lockers are allotted strictly as per the wait list, while 20% can be allotted at the discretion of the Branch Manager having regard to business considerations.

7. In case of breaking open of the locker, Rs.250/- to be recovered as incidental charges over and above actual cost incurred for the same.

8. Bank will obtain Security Deposit in the form of Fixed Deposit which would cover 3 years rent and the charges for breaking open the locker and it kept in RIRD scheme of Time Deposit. No receipt will be issued for Security Deposit. However, an acknowledgement will be given to the depositor. 

1. The Security Deposit will be under Bank’s lien in respect of rentals and other dues on locker services viz. breaking open / replacement of locker expenses, lost keys etc.

9. Operation in the lockers will be stopped if rent is not paid on due date.

The Bank reserves the right to revise the rentals / security deposit amounts and existing Renter/s shall be given notice of revised rentals / security deposit amount and their effective dates through branch notice board and/or bank’s website www.bankofbaroda.com.

7.  Refund of Rent on Lockers for Unexpired portion of Lease Period

Either party (Bank / Renter), may terminate the Agreement on giving to the other seven days advance notice of such intention in writing prior to the date on which the agreed period of renting terminates and the key of the locker shall in such case be delivered by the Renter/s to the Bank.

If no such notice is given and the key not returned, the renting of the locker shall be considered renewed from the date of termination.

For genuine reasons if locker is surrendered before expiry of lease period, rent will be refunded for unexpired portion of lease period provided the unexpired portion of lease period is at least one   year. Fraction of a year will be treated as a full year while   calculating the period of availment of locker.

If a hirer surrenders the locker before the due date of Security Deposit, the deposit will be refunded by treating it as a prepayment. The hirer may also decide for continuance of deposit till its maturity to avoid loss of interest.

Business Banking Services

Customised services for unique requirements

The small and medium business enterprise is one of the fastest growing sectors in the country.Bank of Baroda offers various products and services that meet the specific requirements of such enterprises and help them grow.

In addition to tailor-made products, you can depend on the strength of our nation-wide network and facilities that will enable you to conduct your business smoothly, without geographical constraints.

Be it Deposits, Loans & Advances, Collection Services, Working Capital Finance, Term Finance, Non-Fund based Facilities, Trade Finance, Merchant Banking or other such aspects of banking, we have a solution to help your business run smoothly and efficiently. 

Deposits

Irrespective of whether your needs are short term or for longer periods, Bank of Baroda enables you to maximise your savings and can offer good return on investment through its Deposit plans.

Deposit Products & Services

Fixed

    Short Term (Under 12 months)

    Term Deposits (Over 12 months)

Current

Short Term (Under 12 months)

Ideal for those considering a transitory deposit during their business ventures. The extremely short period of one year also helps in fast liquidity in additionto a good rate of interest.

Key Benefits

Ideal for all transitory savings.

High liquidity with good returns.

Avail of Overdraft / loan against deposit up to 95% of the deposit amount without the hassles of a guarantor or processing fee or, filling of any forms etc.

Ideal for meeting short-term commitments as these advances are also available for a single day and till a maximum of 12 months.

On pre-matured withdrawal of your deposits amount, interest will be calculated at 1% below the rate applicable for the period of deposits.

The Government accepts this deposit as a Security.

Can be used as margin money for Non-fund based facilities.

Provision for nomination.

Current Account

Current Deposits product is ideal for firm, companies, institutions, HUF, individuals etc., who need banking facility more frequently. This is one of the most basic and flexible deposit options, allowing transaction without limiting the numbers.

You may choose from:

Baroda Advantage Current Account Baroda Premium Current Account (BPCA) Baroda Premium Current Account-Privilege (BPCAP)

Baroda Savings Account

Depending on the nature of the account and the governing terms and conditions, Bank of Baroda offers you under Savings Accounts.

Click each product for more information.

Baroda Centenary Savings Account

Savings Bank Account

Super Savings Account

Nagrik Bachat Khata

Baroda Salary Advantage Saving Account

Baroda Bachat Mitra

Baroda Pensioners Savings Bank Account

Baroda Jeevan Suraksha Savings Bank Account

Loans & Advances

In addition to Working Capital Finance and Term Finance, Bank of Baroda has laid out a comprehensive suit of products specifically catering to SSI (small-scale industries) and Small Business Borrowers.

Loan and advances offered by Bank of Baroda are -

Working Capital Finance

Term Finance

SSI (Small Scale Industries)

Baroda SME Loan Pack

Small Business Borrowers

Traders Loan

Loans & Advances

In addition to Working Capital Finance and Term Finance, Bank of Baroda has laid out a comprehensive suit of products specifically catering to SSI (small-scale industries) and Small Business Borrowers.

Loan and advances offered by Bank of Baroda are -

Working Capital Finance

Term Finance

SSI (Small Scale Industries)

Baroda SME Loan Pack

Small Business Borrowers

Traders Loan

Working Capital Finance

A firm's working capital is the money it has available to meet current obligations (those due in less than a year) and to acquire earning assets.

Bank of Baroda offers corporations Working Capital Finance to meet their operating expenses, purchasing inventory, receivables financing, either by direct funding or by issuing letter of credit.

Key Benefits

Funded facilities, i.e. the bank provides funding and assistance to actually purchase business assets or to meet business expenses.

Non-Funded facilities, i.e. the bank can issue letters of credit or can give a guarantee on behalf of the customer to the suppliers, Government Departments for the procurement of goods and services on credit.

Available in both Indian as well as Foreign currency.

Term Finance

Under Term Finance, Bank of Baroda, offers the following:

Fund Based Finance for capital expenditure / acquisition of fixed assets towards starting / expanding a business or industrial unit or to swap with high cost existing debt from other bank / financial institution.

Non-Fund Based Finance in the form of Deferred Payment Guarantee for acquisition of fixed assets towards starting / expanding a business or industrial unit.

Small Scale Industries and Ancillary Units(SSI Units)

A Small Scale Industrial Unit, is one which is engaged in the manufacture, processing or preservation of goods or is

a servicing and repair workshop undertaking repairs of machinery used for production, mining or quarrying or custom service unit (except water service units), having investments in plant and machinery (original cost) not exceeding Rs. 1 Crore.

Bank of Baroda has special Loans and Advances for the purpose of fixed capital investment and also for working capital requirement.

Key Benefits

The loans and advances offered by Bank of Baroda for SSI Units can be used for the basic needs of:

Acquisition of factory, land and construction of building spaces.

Purchase of plant and machinery including lab equipment, testing equipment, etc.

Meeting working capital requirements, like raw materials, stock-in-progress, finished goods and for purchase or discounting of bills.

Temporary additional assistance for meeting the urgent needs of raw material.

Additional monitory assistance for any eligible purpose.

Loans for Tiny Enterprises

Specific to tiny industrial units, this product primarily helps:

Tiny industrial units in need of buying fixed assets for setting up another industrial unit.

Expanding current infrastructure of such tiny industrial units.

Repairs and renewals of an already existent tiny industrial unit.

Key Benefits

Primarily focused on small industrial units.

Reasonable interest rates and ease in repayment are highlights of this product.

Accounts rated as A+ are entitled to the loan at very low interest rates.

Zero processing fee for disbursement of loan.

Composite loans up to Rs 25 Lakhs.

Services

Apart from the Loans, Deposits, Credit and Debit Cards, Bank of Baroda offers other services to make financial dealings easy and convenient.

Key services

Remittances (Baroda Money Express)

Collection Services

ECS (Electronic Clearing Services)

Debit Cards

Remittances (The BoB Money Express)

Business relations get strengthened and add to the trust when financial dealings happen on time. The Bank of Baroda remittance facility expedites payments and transfer of funds, saving you and your associates from waiting endlessly for funds to get credited.

This facility is for both retail and corporate customers enabling efficient and easy transfer of money. So no more delays in transfer of funds typical of Banker's Cheque, Demand Drafts, Mail Transfers and Telegraphic Transfers.

Key Benefits

Can be used to transfer money to the beneficiary's account in the same bank, or another bank or even to their residential/office address, thus offering convenient options.

This electronic remittance is the fastest way of transferring money from one place to another, at no additional cost. 

Added convenience of hassle free and quick customer service.

The facility is available at 345 branches across 53 centres in India inclusive of all branches in Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Mumbai, and Pune

Collection Services

Outward Bills for Collection:

All branches of Bank of Baroda have the facility of collecting Cheques, Demand Drafts, Interest Warrants, Dividend Warrants, Refund Orders, Clean Bills and Documentary Bills from customers and various centres.. All Cheques and other instruments are collected into properly introduced accounts and sent for collection on the day of receipt from the customers or the next working day.

Time Bound Collection:

All branches of Bank of Baroda are prompt in terms of the collections and forwarding of cheques and other instruments. For metro cities, when financial instruments are presented in a branch, the proceeds are credited to the customer's account on the same day in the following week. For state capitals, (and centres with more than 100 branches), amount is credited only after 10 days. If these instruments are not collected within 14 days of lodgement, interest @ 2% per annum over savings bank rate is paid and is credited to the customer's account, without the customer having to claim it.

Branches also accept requests for collection of Loan Certificates / FDRs issued by Joint Stock Cos.; prize money of Lottery Tickets, Foreign Currency Notes etc. The bank levies service charges as stipulated from time to time.

Inward Bills for Collection:

Bills of Exchange, Promissory Notes, Hundi's etc. (Clean / Documentary), payable locally but received from outstation branches / banks / parties are treated as "Inward Bills for Collection". Also, Bills received from Bank of Baroda branches and from other banks, directly from drawers or outstation parties are treated as Usance (??) Bills.

BoB Quick:

The Funds collected in this offering are credited to the customer's account within a guaranteed period of 7 days. Bank of Baroda's BoB Quick ensures a better collection service, which creates new avenues of income and ensures better investment of funds. All cheques amounting to Rs. 25000/- and above are drawn on select banks and are eligible for "Quick inter station clearing". Rs. 50/- per packet is charged for courier charges with an additional but nominal collection charge.

National Clearing Special Facilities:

This product is an undertaking by the Reserve Bank of India, for inter city clearing of cheques between the four metropolitan centres of Delhi, Mumbai, Chennai and Calcutta.

Key Benefits

Settlement of transactions on the basis of net value of instruments.

All financial instruments are cleared promptly with the introduction of mechanised cheque processing, achieved through MICR technology. The concept of clearing has been extended to clearance of outstation cheques also.

In addition to the four metropolitan centres, certain other centres have also been identified for "One Way National Clearing". These centres are Nagpur, Ahmedabad, Hyderabad, Bangalore, Pondichery, Trichy, Trivendrum, Vellore, Baroda, Erode, Madurai, and more.

Electronic Clearing Services (ECS)

This is a unique system under which Bank of Baroda helps companies and institutions making heavy payments disburse these amounts directly into the bank accounts of the beneficiaries such as account holders, shareholders, investors etc.

Key Benefits

Fayde to a Corporate Body:

Corporate bodies who have periodic, large volume payments to a fixed group investors / beneficiaries enjoy the following benefits:

Savings in administrative cost presently being incurred for printing of paper instruments in MICR format and dispatching them by Registered Post.

Elimination of fraudulent encashment due to loss in transit of instruments.

Reconciliation of transactions is made automatic. By the time the ECS cycle is completed, the user institution gets electronic data file from its bank with the date of payment and banker's confirmation thereon.

Cash management becomes easier as arrangement for funds is to be made only on the specified date.

Ensures better customer / investor service.

In line with practices adopted by best companies the world over who pay their shareholders / investors and customers.

Fayde to the customers:

Prompt payment on the due date.

Convenient receipt of money reduces trips made to the bank for depositing dividend/interest warrants.

Elimination of fraudulent encashment against instruments lost in transit.

BoB Cash Reach:

A tailor made product for customers, that enables faster remittance of funds. A more economic, convenient, smoother mode of operation which can be availed of by a well supported network of centres.

Smoother: Time and money spent on dispatches are saved More economic: Involves a premium service at nominal cost with a pickup service from the client's office. More Convenient: The collection and credit are both done on days convenient to the client. Centred towards client benefits: All the benefits are passed on to the clients, in terms of enhanced quality,

ease of liquidity and profit maximisation through better resource management. Spread over a good network: Initially launched at 5 centres, with the connectivity to be now fanned over to

around 200 centres.

Debit Cards

The Bank of Baroda International Debit Card is accepted at over 10000 Visa Electron ATMs in India and 850000 ATMs worldwide. The card is also accepted at any 100000 merchant outlets in India and around 13 millions globally.

The card enables you to enjoy the convenience of cash-less purchasing power without the fear of overdrawing your account

Key Benefits

Take advantage of the most widely accepted card and be able to withdraw from any ATM displaying the VISA logo, in India and abroad.

At VISA Electron merchant shops, it can also serve as your electronic purse, and money gets debited instantly from your account, as you pay.

The Card allows you to get mini-statements from Bank of Baroda ATMs, or to check the balance in your account, avoiding visits to even our nearest branches.

Lockers

Our Bank has adopted the various guidelines issued by Reserve Bank of India in connection with allotment of Safe Deposit Lockers and Safe Custody articles facility and allowing access to the nominees / survivors / legal representatives in the event of the death of the Locker Hirer/s and Depositor/s of Safe Custody articles.

Allotment & Operations of Locker:

i. The lockers will be allotted on first come first served basis to the customers only. A waiting list register is maintained by the branches for the purpose.

ii. At the time of hiring the locker, bank will obtain a Fixed Deposit under bank's lien which would cover 3 years rent and the charges for breaking open the locker in case of an eventuality.

iii. The hirer of the locker will be provided the copy of the agreement i.e. 'Memorandum of Letting' by the bank.

iv. Loss of key should be immediately informed to the Branch.

v. With standing instruction, the rent may be paid from the deposit account of the hirer on due date.

vi. Where the lockers have remained un-operated for more than three years for medium risk category or one year for a higher risk category, the bank may ask the Renter/Lessee to either operate the locker/give valid reason for not operating the same or surrender the locker even though the rent is paid regularly. In case the Renter/Lessee does not respond nor operate the locker, the bank would have the right to cancel the allotment of the locker and may consider break opening the lockers after giving due notice to the Renter/Lessee.

Benefits of nomination / survivorship clause

The Bank has the facility of nomination in case of deposit of Locker and safe custody articles facility. However, the facility of nomination is not available in case of deposit of safe custody articles by more than one person.

In the event of the death of one of the joint holders of locker/ safe custody, the right to the contents of the locker or the articles under safe custody does not automatically devolve on the surviving joint holder, unless there is a nomination / survivorship clause.

The customers are, therefore, advised to make nomination / open joint accounts under survivorship clause in their own interest.

Access to the survivor(s) / Nominee(s) / Legal Heir(s)

A. With Survivor/Nominee clause:

i. If the sole locker hirer nominates a person, bank will give to such nominee access of the locker and liberty to remove the contents of the locker in the event of the death of the sole locker hirer.

ii. In case the locker was hired jointly with survivorship clause and the hirers instructed that the access of the locker should be given over to "either or survivor", "anyone or survivor" or "former or survivor" or according to any other survivorship clause, bank will follow the mandate in the event of the death of one or more of the locker-hirers.

iii. The similar procedure will be followed for return of articles placed in the safe custody to the survivor/ nominee.

iv. In case the locker was hired jointly with the instructions to operate it under joint signatures, and the locker hirer(s) nominates person(s), in the event of death of any of the locker hirers, the bank may give access of the locker and the liberty to remove the contents jointly to the survivor(s) and the nominee(s).

v. The claimants will have to establish their identity and submit documentary proof in respect of death of the locker hirer.

vi. In such cases, the Bank will not insist on production of succession certificate, letter of administration or probate, etc., or obtain any bond of indemnity or surety from the Survivor(s) / Nominee(s).

vii. There should not be any order from a competent court restraining the bank from giving access to the locker of the deceased.

viii. In case of Locker/ Safe Custody with nomination/survivorship clause the bank will demand only following papers:

o Copy of Death certificate (duly certified from original)

o Duly filled in claim application in the prescribed form No.352.

o Stamped receipt for discharged safe custody receipt/Locker

ix. The access given to the survivor(s) / nominee(s), subject to the applicable conditions, would constitute a full discharge of the bank's liability and the bank will not insist on production of succession certificate, letter of administration or probate, etc., or obtain any bond of indemnity or surety from the Survivor(s) / Nominee(s).

B. Without Survivor/Nominee clause :

i. In case where the deceased locker hirer/ depositor of the articles under safe custody had not made any nomination or clear survivorship clause, the access may be provided to the legal representative of the deceased based on Succession Certificate or Probate of a WILL or Letter of Administration.

ii. In such cases the bank will give access to their legal heir(s) / legal representative on the basis of following documents:

o Copy of Death certificate (duly certified from original)

o Duly filled in claim form together with surety letter

o Legal representation i.e. succession certificate or letter of administration or Probate of Will.

o Stamped receipt for discharged safe custody/Locker receipt.

iii. However, in case the contents of the locker are not of great value, the Bank may at its discretion allow the heirs of the deceased to see the contents of the locker after fulfilling certain conditions and thereafter access to the locker may be allowed if the Bank deem fit so.

C. General Guidelines :

The Renter/Lessee and depositor of safe custody articles are advised that access to locker / safe custody articles may be given to survivor(s) / nominee(s) only as a trustee of the legal heirs of the deceased locker hirer/depositor of safe custody articles on the condition that such access if given to survivor(s) / nominee(s) shall not affect the right or claim which any person may have against the survivor(s) / nominee(s) to whom the access is given.

D. Breaking Open of Lockers:

The Bank may break open the lockers within a period of six months from the date rent became overdue and by sending due notices as per prescribed format. However, in respect of High Risk and Medium Risk customers, procedure will be followed as per point No. 1(iv) above. 

Corporate Banking Services

Supporting corporate growth

As corporations grow they feel the need to expand and invest in new infrastructure. External finance is one of the most important sources for funding expansion plans.

With services ranging from Working Capital Finance, Short Term Corporate Loans, Project Financeto Cash Management and Merchant Banking, Bank of Baroda Corporate Banking offers various options that help fund and enable corporations in their investment and expansion plans. These products also offer merchant banking and cash management solutions.

Our global presence, large-scale operability, highly networked systems and local market penetration allow our customers to reap financial benefits to the maximum. 

Deposits

Irrespective of whether your needs are short term or for longer periods, Bank of Baroda enables you to maximise your savings and can offer good return on investment through its Deposit plans.

Deposit Products & Services

Fixed Deposits

    Short Term (Under 12 months)

    Flexi Deposit Schemes

    Term Deposits (Over 12 months)

Current Deposits

Short Term (Under 12 months)

Ideal for those considering a transitory deposit during their business ventures. The extremely short period of one year also helps in fast liquidity in additionto a good rate of interest.

Key Benefits

Ideal for all transitory savings.

High liquidity with good returns.

Avail of Overdraft / loan against deposit up to 95% of the deposit amount without the hassles of a guarantor or processing fee or, filling of any forms etc.

Ideal for meeting short-term commitments as these advances are also available for a single day and till a maximum of 12 months.

Interest will be charged at 1.50% over the deposit rate with monthly rests in case of depositor being the borrower and higher in case your friends want to avail of the loan.

On pre-matured withdrawal of your deposits amount, interest will be calculated at 1% below the rate applicable for the period of deposits.

The Government accepts this deposit as a Security.

Can be used as margin money for Non-fund based facilities.

Provision for nomination.

Flexi Deposit Schemes

Ideal for corporations that have huge cash flow and need to transfer and manage funds in excess of 5 crores or more. Deposits can be maintained for as little as 7 days to one full year.

Key Benefits

Targets high value customers offering them the following conveniences:

Flexibility - Allows withdrawals of deposit without any restriction on amount, even before the maturity of the deposit, without a charge for premature withdrawal.

The Interest on such premature withdrawal will be paid at the rate applicable to the period for which the deposit has remained with the Bank.

Withdrawals can be made by just serving one days notice.

Terms & Conditions

The minimum deposit amount for this scheme is Rs. 5 Crores, with subsequent deposits in multiples of Rs. 1 crore.

The period of deposit may range from 7 days to a maximum of 1 year.

Premature withdrawal should not result in the balance falling below 5 crores, which has to be maintained, till the expiry of the deposit.

A notice of one business day is required to process withdrawals.

The minimum period for the deposited amount to be eligible for interest payment is 7 days.

Interest will be paid, as is customary for Bulk Deposits of Rs. 5 Crores and above.

Interest will be paid at the rate which is applicable at

the time of placing the deposit for the period for which the deposit has remained with the bank or the applicable rate prevailing on the day of premature

payment of Term Deposits (Over 12 months)

Ideal for long term investments. Secure money that earns good returns and can be easily liquidated.

Key Benefits

This product provides an answer to two very basic requirements of a deposit keeper:

Easy liquidity even with a long term period.

Increasing interest in proportion to the increasing term of deposit.

More Benefits

Avail of Overdraft / loan against deposit up to 95% of the deposit amount (plus accrued interest) without the hassles of a guarantor or processing fee or, filling of any forms etc.

Interest will be charged at 1.50 % over the deposit rate with monthly rests in case of depositor being the borrower and higher in case your friends wants to avail of the loan.

No processing fee is charged on loans and advances taken against Bank's Deposits.

For deposits up to Rs. 5 Lakhs, no interest will be charged for premature withdrawal, provided it has remained with bank for a minimum period of 12 months.

Automatic renewal of deposit on maturity, thereby avoiding interest loss in the absence of instructions from you.

The Government accepts this deposit as a Security.

Accepted as margin money for Non-fund based facilities.

Provision for nomination.

deposit, whichever is lower. \

Current Account

Current Deposits product is ideal for firm, companies, institutions, HUF, individuals etc., who need banking facility more frequently. This is one of the most basic and flexible deposit options, allowing transaction without limiting the numbers.

You may choose from:

Baroda Advantage Current Account Baroda Premium Current Account (BPCA) Baroda Premium Current Account-Privilege

(BPCAP)

Wholesale Banking

Bank has identified the following new business segments as a step toward becoming Multi Specialist Bank.

Wholesale (Large & Mid Corporates)

Urban Retail

Small & Medium Enterprises

Rural/Agri Business

Under Wholesale Banking the corporate customers are identified as Large and Mid corporates. Companies having annual sales turnover of over Rs. 500 crore are classified as Large Corporate and those having annual sales turnover between Rs 100 crore to 500 crore are classified as Mid Corporate.

Under Wholesale Banking it has been proposed that Large & Mid Corporate customer of the Bank are located at the identified branches for providing them better services. By locating the Corporates at the identified branches, they would have the following advantages.

Single point contact to cater to all the banking requirements of the Corporates.

Expeditious decision making and shorter turnaround time.

Availability of product specialist who can customize existing products as per the Corporate’s specific requirements & can also

develop new products.

Existence of Core Banking Solution facilities & World-class infrastructure.

The Corporate accounts will be served at these branches by the Client Service Team (CST) of competent credit officers. The team will comprise of :

Relationship Manager

Relationship Officer

Product Specialist

Credit officer (dedicated from Corporate Office)

The following are the areas in which Client Service Team can help the Large & Mid Corporate :

Trade Finance products

Cash Management Products

Treasury Products

Bridge Loans

Syndicated Loans

Infrastructure Loans

Cross Currency/Interest Rate Swaps

Foreign Currency Loans and many more depending upon the needs of the Corporates.

Initially 11 important centers at Mumbai, Delhi, Chennai, Bangalore, Hyderabad, Ahmedabad, Pune, Baroda, Kolkata, Jaipur, and Raipur have been identified for the rollout of Wholesale Banking.

The Corporates can take advantage of the expertise available at Wholesale Banking Branches.

Loans & Advances

For immediate financial need in times, Bank of Baroda has a host of loan options for a corporate to choose from. These enable smooth functioning without monitory hassles.

Loan and advances offered by Bank of Baroda are -

Working Capital

Line of Credit

Export Finance

Bill Finance

FCNR(B) Loans

Bridge Loans

Advance Against Shares

Loan Against Rent Receivables

Term Finance

Short Term Corporate Loan

Project Finance

Infrastructure Finance

Takeover of Accounts

Non Fund Based Services

Services

In addition to the loans and advances offered by Bank of Baroda, there are other value-added services that it provides to its corporate customers. The services offered are listed as follows:

Appraisal & Merchant Banking

o Appraisal

o Loan Syndicationo Other Consultations

Cash Management & Remittances

o Bank of Baroda Cash Reacho Remittances & Collection

Rural Banking Services

Strengthening the rural economy

Rural India contributes a major chunk to the economy every year. To give this sector a stronghold on finance and to enable economic independence,Bank of Baroda has special offerings that extend credit facilities to small and marginal farmers, agricultural labourers and cottage industry entrepreneurs.

With the objective of developing rural economy through promotion of agriculture, trade, commerce, industry and extending credit facilities particularly to small and marginal farmers, agricultural labourers and small

entrepreneurs, Bank of Baroda, over the years, has reached out to larger part of rural India. We extend loans for agricultural activities and a host of services for farmers well tuned to the rural market, and aim to make a Self Reliant Rural

India. 

Deposits

Bank of Baroda offers various deposit plans that you can choose from depending on the term period, nature of deposit and its unique saving and withdrawal features.

Apart from competitive interest rates and convenient withdrawal options, our deposit plans offer other features such as overdraft facility, outstation cheque collections, safe deposit lockers, ATM's etc.

Choose from Fixed, Current and Savings Deposit plans.

Fixed deposits are categorised into deposits with a term period of less than 12 months, more than 12 months and recurring deposits. These deposit plans offer convenient solutions to both working individuals as well as senior citizens.

Current and saving deposits are ideal for individuals who wish to take advantage of multiple benefits within the same plan and even be eligible to opt for overdrafts.

Deposit Products & Services

Fixed

Current

Savings

Baroda Fixed Deposit Account

Why just let your money idle, when you can idle it with interest?Depending on the period, our various fixed deposit products help you get the best out of your savings by offering you good interest rates.

Enjoy both security and competitive rates of interest on your deposits with any of the following products. Click each product for more information.

For Deposits upto 12 months:

o Short Deposits   

For Deposits over 12 months:

o Baroda Utsav Deposit Scheme   o Fast Access Deposit Scheme   o BoB Suvidha Fixed Deposit Scheme   o Regular Income Plan   o Monthly Income Plan   o Regular Income Cum Recurring Deposit   o Capital Gain Account Scheme, 1988   o Term Deposits   o Baroda Tax Savings Term Deposit   

As Recurring Deposits:

o Recurring Deposit   o Yatha Shakthi Jama Yojana   

Current Account

Current Deposits product is ideal for firm, companies, institutions, HUF, individuals etc., who need banking facility more frequently. This is one of the most basic and flexible deposit options, allowing transaction without limiting the numbers.

You may choose from:

Baroda Advantage Current Account Baroda Premium Current Account (BPCA) Baroda Premium Current Account-Privilege (BPCAP)

Baroda Savings Account

Depending on the nature of the account and the governing terms and conditions, Bank of Baroda offers you under Savings Accounts.

Click each product for more information.

Baroda Centenary Savings Account

Savings Bank Account

Super Savings Account

Nagrik Bachat Khata

Baroda Salary Advantage Saving Account

Baroda Bachat Mitra

Baroda Pensioners Savings Bank Account

Baroda Jeevan Suraksha Savings Bank Account

Priority Sector Advances

Agriculture

Small Scale Industries

Small Business

Government Sponsored Schemes

Baroda General Credit Card Scheme (BGCC)

Agriculture

AGRICULTURAL FINANCE SCHEMES

Agriculture being the backbone of the Indian Economy, Bank of Baroda, is contributing significantly in accelerating the pace of rural development by providing finance to farmers by way of following agriculture products.

1. Baroda Kisan Credit Card (BKCC)- Empowering the farmer : The BKCC facility designed exclusively for the benefit of the farmers aims to provide them the opportunity to manage and utilise their funds in the manner they deem fit. BKCC provide adequate and timely support to farmers for their production needs e.g. purchase of quality inputs, investment requirements like purchase of agriculture implements/tractor etc, farming expenses towards farm maintenance, unforeseen family expenses (consumption) and maintenance of non-farm activities.

2. Purchase of agricultural implements including indigenous improved ones being utilised for field operations including harvesting/sorting/grading, for not only to farmers, but also for land-less labourers.

3. Purchase of heavy agricultural machinery like tractors, power-tillers, etc. either by farmers having larger holdings with irrigation facilities or group of farmers with irrigation facilities.

4. Purchase of second hand tractors to provide opportunity to those interested farmers in dry land farming or having a small land holding who can not afford to purchase new tractors.

5. Production credit for raising various crops from the point of preparatory tillage till harvesting, for land owners or permanent tenants or lease holders or share croppers.

6. Farm produce marketing loan / Financing against warehouse reciept against pledge of reciept of warehouse/ cold storages to the farmers.

7. Development of irrigation facilities, covering sinking of wells/bore wells, lifting of water by installation of pump sets, transporting of water through field channels, water saving system like drip irrigation/sprinkler irrigation etc. for farmers .Energising of pump sets through Non-conventional Energy Resources like wind mill, solar energy etc. or installation of generation sets is also covered.

8. Extending working capital needs to dealers of dealers/ distributors/traders of agricultural inputs like seeds, fertilisers etc. live stock inputs like cattle feed, medicine etc. and supply of agriculture machinery/ irrigation system.

9. Extending Custom services to farmers by way of machinery like tractor thresher etc. Equipment on rental basis and maintenance of cold storage /godowns for hiring, by individuals, institutions / organisations.

10. Providing employment to the unemployed technical personnel through Agro service Centre.

11. Setting up of Agri clinic and Agribusiness centre by agriculture graduates.

12. Construction farm building/structures like cattle shed, tractor shed, thrashing yards, fencing etc. by individual farmer or firms engaged in agricultural activity and is of long term nature.

13. Construction/Expansion/modernisation/Renovation of Rural Godown/Cold storage.

14. Development of horticulture including production, processing and marketing of various fruits, vegetables, plantation and flowers, which cover from nursery to the point of market, by individual farmers, firms, organisation like co-operative societies etc. and which covers both long term and short term requirement.

15. Development of land like bunding, terracing, levelling etc. and reclamation of saline, alkaline, ravine soils by farmer or organisation like co-operative societies etc.

16. Development of allied activities to agriculture like dairy, poultry , fisheries, sericulture, mushrooms, apiculture etc. by production , processing and marketing by farmer, land less labourers, firms, organisations, like co-operative societies etc .finance by way of long term nature and short term nature is being extended.

17. Financing Scheduled Caste & Scheduled tribes who have been provided/allotted land by the State Govt, can be financed for purchase of farm implements irrigation pair of bullocks etc.

> Baroda Kisan Credit Card (BKCC)

> Agricultural Implements> Tractors and Heavy Agricultural Machinery> Financing Second Hand Tractors> Cultivation of Crops> Farm Produce Marketing Loan / Financing against warehouse reciept> Irrigation Potential> Dealers of Agriculture Inputs> Financing Agencies Providing Custom Services To Farmers> Providing Employment To Unemployed Technical Personnel Through Agro Service Centers> Agriclinics and Agribusiness Centers by Agriculture Graduates> Financing Construction of Farm Building and Structures> Construction / Expansion / Modernisation / Renovation of rural godown> Development of Horticulture> Land Development> Scheme for Loan Against Gold Ornaments / Jewellery> Dairy, Poultry, etc.> Financing Scheduled Caste/Scheduled Tribes > Scheme for purchase of Agricultural land> Scheme For Construction Of Sanitation Facilities In Rural Areas 

Small Scale Industries

A Small Scale Industrial Unit, is one which is engaged in the manufacture, processing or preservation of goods or is a servicing and repair workshop undertaking repairs of machinery used for production, mining or quarrying or custom service unit (except water service units), having investments in plant and machinery (original cost) not exceeding Rs. 1 Crore.

Bank of Baroda has special Loans and Advances for the purpose of fixed capital investment and also for working capital requirement.

Key Benefits

The loans and advances offered by Bank of Baroda for SSI Units can be used for the basic needs of:

Acquisition of factory, land and construction of building spaces.

Purchase of plant and machinery including lab equipment, testing equipment, etc.

Meeting working capital requirements, like raw materials, stock-in-progress, finished goods and for purchase or discounting of bills.

Temporary additional assistance for meeting the urgent needs of raw material.

Additional monitory assistance for any eligible purpose.

Schemes for Professionals and Self Employed

Best suited for individuals conducting business independently, with or without hired labour. Enables them to purchase equipment (including PC for professional use), acquiring new or repair existing business premises, tools and working capital requirement.

Key products

Rural Internet Kiosk Finance Scheme

Roads & Water Transport Operators

Retail Traders

Business Enterprises

Akshaya Mahila Arthik Sahay Yojna

Key Benefits

Can be used for the purchase of any necessary equipment, like a personal computer (PC) for professional use.

Repair and renovation of existing equipment.

Acquisition and repairs to business premises, or tools.

To generate working capital.

All the accounts rated as A+ will be entitled for loans at a lower interest rate.

Simple application procedures.

Avail of loans at all branches of Bank of Baroda. To get a detailed list of all the Bank of Baroda branches, CLICK HERE.

All complaints and grievances can be reported to the regional zone offices or directly to the Central office.

Baroda General Credit Card Scheme (BGCC)

Bank of Baroda presents a tailor-made Credit Card Scheme for the citizens belonging to the rural and semi-urban parts of India. Baroda General Credit Card Scheme (BGCC) is designed to provide hassle free and easy credit access to people in the rural and semi-urban areas.

Key Benefits

No insistence on security, purpose or end-use of credit

Upto a maximum limit of Rs.25000/-

Unlimited number of withdrawals and repayments (within the credit limit)

Flexibility in choosing the appropriate time to repay the loan 

Reduced interest burden. 

No Processing and Documentation charges

Withdrawal on the card within the sanctioned limit (only from the branch issuing the card) to meet urgent credit requirements 

Earn interest at Savings Bank rate on the credit balance maintained in the BGCC account.

Card limit valid for 5 years 

0.50% concession in interest rate for women applicants

More Benefits

All the card holders will be covered under PAIS (Personal Accident Insurance Scheme) upto Rs.50000/- under payment of nominal premium amount.

Free collection of cheques under any grant / assistance from government received in the name of the card holder.

Services

Apart from the Loans, Deposits, Credit and Debit Cards, Bank of Baroda offers other services to make financial dealings easy and convenient.

Services

Remittances

Collection Services

Pension

Remittances (Baroda Money Express)

Business relations get strengthened and add to the trust when financial dealings happen on time. The Baroda Money Expressremittance facility ensure instant payments and transfer of funds, saving you and your associates from waiting endlessly for funds to get credited.

This facility is available for both retail and corporate customers enabling efficient and easy transfer of money. So no more delays in transfer of funds typical of Banker's Cheque, Demand Drafts, Mail Transfers and Telegraphic Transfers.

The facility is available at 345 branches across 53 centres in India inclusive of all branches in Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Mumbai, and Pune.

(CLICK HERE for the list of centres providing services under Baroda Money Express ).

Key Benefits

Can be used to transfer money to the beneficiary's account in the same bank, or another bank or even to their residential/office address, thus offering convenient options.

This electronic remittance is the fastest way of transferring money from one place to another, at no additional cost. 

Added convenience of hassle free and quick customer service.

Collection Services >Model Policy on Collection of Cheques /

Instruments

Outward Bills for Collection:

All branches of Bank of Baroda have the facility of collecting Cheques, Demand Drafts, Interest Warrants, Dividend Warrants, Refund Orders, Clean Bills and Documentary Bills from customers and various centres.. All Cheques and other instruments are collected into properly introduced accounts and sent for collection on the day of receipt from the customers or the next working day.

Time Bound Collection:

All branches of Bank of Baroda are prompt in terms of the collections and forwarding of cheques and other instruments. For metro cities, when financial instruments are presented in a branch, the proceeds are credited to the customer's account on the same day in the following week. For state capitals, (and centres with more than 100 branches), amount is credited only after 10 days. If these instruments are not collected within 14 days of lodgement, interest @ 2% per annum over savings bank rate is paid and is credited to the customer's account, without the customer having to claim it.

Branches also accept requests for collection of Loan Certificates / FDRs issued by Joint Stock Cos.; prize money of Lottery Tickets, Foreign Currency Notes etc. The bank levies service charges as stipulated from time to time.

Inward Bills for Collection:

Bills of Exchange, Promissory Notes, Hundi's etc. (Clean / Documentary), payable locally but received from outstation branches / banks / parties are treated as "Inward Bills for Collection". Also, Bills received from Bank of Baroda branches and from other banks, directly from drawers or outstation parties are treated as Usance (??) Bills.

BOB Quick:

The Funds collected in this offering are credited to the customer's account within a guaranteed period of 7 days. Bank of Baroda's BOB Quick ensures a better collection service, which creates new avenues of income and ensures better investment of funds. All cheques amounting to Rs. 25000/- and above are drawn on select banks and are eligible for "Quick inter station clearing". Rs. 50/- per packet is charged for courier charges with an additional but nominal collection charge.

National Clearing Special Facilities:

This product is an undertaking by the Reserve Bank of India, for inter city clearing of cheques between the four metropolitan centres of Delhi, Mumbai, Chennai and Calcutta.

Key Benefits

Settlement of transactions on the basis of net value of instruments.

All financial instruments are cleared promptly with the introduction of mechanised cheque processing, achieved through MICR technology. The concept of clearing has been extended to clearance of outstation cheques also.

In addition to the four metropolitan centres, certain other centres have also been identified for "One Way National Clearing". These centres are Nagpur, Ahmedabad, Hyderabad, Bangalore, Pondichery, Trichy, Trivendrum, Vellore, Baroda, Erode, Madurai, and more.

Lockers

Storing too much jewellery and valuables in the house at times becomes a security issue and an impediment in case of natural calamities.

Bank of Baroda offers you, a safe, trustworthy space to store your valuables, jewellery, documents and other things dear to you.

Key Benefits

State-of-the-art Lockers, the safe deposit vaults with fully equipped, latest burglar alarm systems.

For additional safety, the Locker holder assigns a code word which further increases security.

Available in different sizes as per your requirement.

These Lockers and their contents can be nominated to people near and dear to you.

Terms & Conditions

1. Allotment & Operations of Locker

Locker facility is provided by the bank at its select branches. For obtaining a Locker at the Bank of Baroda, you must be an account holder with our Bank. Lockers can be allotted both individually (except minor) as well as jointly. NRIs do not require any prior permission from the RBI to hire a Locker with the Bank of Baroda. The lockers will be allotted on first come first served basis to the customers only. At the time of hiring the locker, bank will obtain a minimum-security deposit in the form of FDR from the

lessee for the amount which would cover 3 years rent and the charges for breaking open the locker in case of such eventualities.

The Security Deposit will be kept under Bank’s lien in respect of rentals and other dues on locker services viz. breaking open / replacement of lock in case of loss of keys etc.

An acknowledgement will be issued by the bank for fixed deposit to be kept as security deposit. The hirer of the locker will be provided the copy of the agreement i.e. 'Memorandum of Letting' by the bank. Loss of key should be immediately informed to the Branch. The bank shall not be responsible for any loss.

Charges for opening the locker, or replacing the lost key, and for changing the lock shall be payable by the Renter/s.    

With standing instruction, the rent may be paid from the deposit account of the hirer on due date. The Renter is required to operate the locker at least once in every six months and if the locker remains

unoperated for more than a year from the last date of operation then the Bank will have a right to cancel the allotment of the locker by giving a notice for security reasons and treat the Renter/s as a defaulter, notwithstanding that the rent has been paid up to date.

The locker will be operated during the specified timing displayed at the branches.

2. Benefits of Nomination / Survivorship Clause

The Bank has the facility of nomination in case of deposit of Locker and safe custody articles facility. However, the facility of nomination is not available in case of deposit of safe custody articles by more than one person. 

In the event of the death of one of the joint holders of locker/ safe custody, the right to the contents of the locker or the articles under safe custody does not automatically devolve on the surviving joint holder, unless there is a nomination / survivorship clause.

The customers are, therefore, advised to make nomination / open joint accounts under survivorship clause in their own interest

3. Access to the Survivor(s) / Nominee(s) / Legal Heir(s)

(A)  With Survivor/Nominee clause:

If the sole locker hirer nominates a person, bank will give to such nominee access of the locker and liberty to remove the contents of the locker in the event of the death of the sole locker hirer.

In case the locker was hired jointly with survivorship clause and the hirers instructed that the access of the locker should be given over to "either or survivor", "anyone or survivor" or "former or survivor" or according to any other survivorship clause, bank will follow the mandate in the event of the death of one or more of the locker-hirers.

The similar procedure will be followed for return of articles placed in the safe custody to the survivor/ nominee.

In case the locker was hired jointly with the instructions to operate it under joint signatures, and the locker hirer(s) nominates person(s), in the event of death of any of the locker hirers, the bank may give access of the locker and the liberty to remove the contents jointly to the survivor(s) and the nominee(s).

The claimants will have to establish their identity and submit documentary proof in respect of death of the locker hirer.

In such cases, the Bank will not insist on production of succession certificate, letter of administration or probate, etc., or obtain any bond of indemnity or surety from the Survivor(s) / Nominee(s).

There should not be any order from a competent court restraining the bank from giving access to the locker of the deceased.

In case of Locker/ Safe Custody with nomination/survivorship clause the bank will demand only following papers: 

Copy of Death certificate (duly certified from original)

Duly filled in claim application in the prescribed form No.352. Stamped receipt for discharged safe custody receipt/Locker 

The access given to the survivor(s) / nominee(s), subject to the applicable conditions, would constitute a full discharge of the bank's liability and the bank will not insist on production of succession certificate, letter of administration or probate, etc., or obtain any bond of indemnity or surety from the Survivor(s) / Nominee(s).

(B) Without Survivor/Nominee clause :

In case where the deceased locker hirer/ depositor of the articles under safe custody had not made any nomination or clear survivorship clause, the access may be provided to the legal representative of the deceased based on Succession Certificate or Probate of a WILL or Letter of Administration.

In such cases the bank will give access to their legal heir(s) / legal     representative on the basis of following documents:

o Copy of Death certificate (duly certified from original)o Duly filled in claim form together with surety lettero Legal representation i.e. succession certificate or letter of administration or Probate of Will.o Stamped receipt for discharged safe custody/Locker receipt. 

However, in case the contents of the locker are not of great value, the Bank may at its discretion allow the heirs of the deceased to see the contents of the locker after fulfilling certain conditions and thereafter access to the locker may be allowed if the Bank deem fit so.

4. Geneal Guidelines

The Renter/Lessee and depositor of safe custody articles are advised that access to locker / safe custody articles may be given to survivor(s) / nominee(s) only as a trustee of the legal heirs of the deceased locker hirer/depositor of safe custody articles on the condition that such access if given to survivor(s) / nominee(s) shall not affect the right or claim which any person may have against the survivor(s) / nominee(s) to whom the access is given. 

5. Breaking open of Lockers

The Bank will publish the names of defaulters who have not paid the rent on its becoming due in spite of notices sent.

The Bank may break open the lockers within a period of six months from the date rent became overdue and by sending due notices as per bank’s norms. However, in respect of High Risk and Medium Risk customers, procedure will be followed as per point No. 1(iv) above.

In case of breaking open of the locker, Rs.250/- will be recovered as incidental charges over and above actual cost incurred for the same.

6. Revised locker rent in rupees for one year- W.E.F 01.10.2010.

(Exclusive of service tax)

Class Of Lockers

Metropolitan Urban Semi Urban/ Rural

Existing Revised Existing Revised Existing RevisedA 900 1100 645 900 450 700B 975 1200 720 1000 525 750D 1050 1550 795 1350 600 900C 1125 1650 870 1450 675 1000

E/H-1 1425 2000 1200 1800 975 1400G 1875 3000 1725 2800 1500 2400

F 2025 3000 1425 2800 1200 2400L-1 2325 5000 2325 4500 2025 4000H 2775 3500 2025 3300 1650 2800L 3750 5000 3150 4800 2400 4200

(B) Revised penalty provisions for payment of locker rent after due date (Effective from 01.10.2010):When annual locker rental is up to Rs.1000/-  

-Rs.20/- p.m. or part thereof for first -3- months and Rs.30/- p.m. thereafter.

When annual locker rental is above Rs.1000/-    

- Rs.30/- p.m. or part thereof for first -3- months and Rs.50/- p.m. thereafter..

(C) New provision for charges for lockers operation more than 12 times a year

- Rs. 50/- per occasion

Note:

1. The revised locker rent will be applicable to the existing customers whose rent becomes due after 30.09.2010 and to all new lockers allotted on and after 01.10.2010.

2. The existing system of giving 10% discount in rent, when the rent is paid in advance for 3 years & above, will continue. 20% discount in locker rent in case of Premium current account and Premium current account privilege customers if rent is paid in advance for a period of three years and above.

3. The revised penalty will be recovered from those locker holders who fail to pay the locker rent on due date.4. The locker holders, in their own interest, are requested to give standing instruction to the branch for auto

debit of rent on due date to their account to avoid penalty for late payment of rent beyond due date.5. Allotment of lockers is on first-come-first served basis.  For this purpose, a wait list is maintained.6. 80% of the lockers are allotted strictly as per the wait list, while 20% can be allotted at the discretion of the

Branch Manager having regard to business considerations.7. In case of breaking open of the locker, Rs.250/- to be recovered as incidental charges over and above

actual cost incurred for the same.8. Bank will obtain Security Deposit in the form of Fixed Deposit which would cover 3 years rent and the

charges for breaking open the locker and it kept in RIRD scheme of Time Deposit. No receipt will be issued for Security Deposit. However, an acknowledgement will be given to the depositor. 

1. The Security Deposit will be under Bank’s lien in respect of rentals and other dues on locker services viz. breaking open / replacement of locker expenses, lost keys etc.

9. Operation in the lockers will be stopped if rent is not paid on due date.

The Bank reserves the right to revise the rentals / security deposit amounts and existing Renter/s shall be given notice of revised rentals / security deposit amount and their effective dates through branch notice board and/or bank’s website www.bankofbaroda.com.

7.  Refund of Rent on Lockers for Unexpired portion of Lease Period

Either party (Bank / Renter), may terminate the Agreement on giving to the other seven days advance notice of such intention in writing prior to the date on which the agreed period of renting terminates and the key of the locker shall in such case be delivered by the Renter/s to the Bank.

If no such notice is given and the key not returned, the renting of the locker shall be considered renewed from the date of termination.

For genuine reasons if locker is surrendered before expiry of lease period, rent will be refunded for unexpired portion of lease period provided the unexpired portion of lease period is at least one   year. Fraction of a year will be treated as a full year while   calculating the period of availment of locker.

Treasury Operations

In the changing economic environment of the country in particular and the globe in general, Bank of Baroda was the premier public sector bank in India to set up a Specialized Integrated Treasury Branch (SITB) in Mumbai and the integrated approach initiated by the Bank in its treasury operations is now being emulated by

other peer banks.

Bank of Baroda has consciously adopted a focused approach towards improving efficiency and profitability by successfully integrating the operations of different financial markets, viz. Domestic Money, Investments, Foreign Exchange and Derivatives and has made its mark as an important player in the market-place.

The SITB at Mumbai, equipped with the State-of-the-art technology, with modern communication facilities, handles all types of financial transactions, both for managing its resources and deployments and effective compliance of regulatory requirements. 

If a hirer surrenders the locker before the due date of Security Deposit, the deposit will be refunded by treating it as a prepayment. The hirer may also decide for continuance of deposit till its maturity to avoid loss of interest.

Domestic Operations

Bank of Baroda has set up dedicated desks at the SITB, headed by experienced professionals, for undertaking various types of treasury activities in different financial markets. Apart from activities pertaining to management of funds and liquidity, the domestic treasury also handles financial instruments like:

Commercial Papers (CP) Certificate of Deposits (CD) Government Securities Treasury Bills (TB) Bonds and Debentures Equities and various other derivatives.

The products and services offered by SITB cater to the inter-bank market as well as to the Corporate customers of the bank. The Bank is an active participant both in the inter-bank market and the corporates for all the products.

The Bank offers its customers, including firms, companies, corporate bodies, institutions, provident funds trusts, Regional Rural Banks, Urban Cooperative Banks and Non-Banking Financial Companies opportunities to invest in Government Securities as allowed by Reserve Bank of India for non-competitive bidding.

Bank's under mentioned branches are authorised for this purpose and prospective investors may contact for our services :- 

City Branch Name Telephone No.Ahmedabad Navrangpura 079-27541494, 27540095, 27541936Chennai North Beach Road 044-23454247, 23454243, 23454244Kolkata India Exchange 033-22214468, 2220676Mumbai Fort University 022-22704524Mumbai P M Road 022-43408600, 22663348New Delhi Parliament Street 011-23321849, 23325557, 23328666Derivatives

As an OTC product, the bank also arranges for hedging interest rate risks or currency risks by offering Interest Rate Swaps (IRS), Forward Rate Agreements (FRA) or Currency Swaps, with reference to acceptable benchmark rates. Bank of Baroda also offers derivative products like Options and Swaptions for obtaining protection against adverse movements in exchange and/or interest rates, while retaining the advantage of higher profit from favourable movements. 

Forex Operations

Bank of Baroda, one of the major public sector banks in India having a strong global presence with a wide network of 84 overseas offices, including those of subsidiaries, spread over 26 countries, is considered as a market leader in foreign exchange operations in India. At present the Bank is having branches / offices in countries like USA, UK, Belgium, South Africa, Hong Kong, UAE, Oman, Fiji Islands, Mauritius, Seychelles, Bahamas, Guyana, Kenya, Uganda and Zambia

The Bank has completed fifty years of operations in overseas territories and is poised to expand its reach to countries like Tanzania and China, apart from consolidating its overseas operations in those countries where the bank has already made its presence felt.

The modern state-of-the-art dealing room at its Specialised Integrated Treasury Branch (SITB) at Mumbai provides the necessary wherewithal to its 130 designated branches across the length and breadth of the country authorized to handle foreign exchange business of its clientele. The bank has retained its primacy as a leading market maker both in spot and forward markets, along with foreign exchange swap markets.

The forex dealing desk at the SITB is provided with all modern communication facilities and is in the process of linking all its authorized branches via Reuters Automated Dealing System, to provide on-line quotes for foreign exchange transactions.

Through its large network of authorized branches, the bank caters to the foreign exchange needs of its clientele engaged in export and import trade and the SITB provides rates for conversion of all major world currencies like U S Dollar, Sterling Pounds, Euro, Swiss Francs, Japanese Yen and other exotic currencies. The services to the customers of the Bank include hedging of foreign currency risks by providing forward covers and various derivatives product.

Since most of its overseas branches are strategically situated at places where sizeable Non-resident Indians are residing, the Bank is in a position to deliver its products promptly and efficiently to its NRI customers. The range of products include remittance facilities and acceptance of deposits in Indian Rupees (NRE / NRO) as well as in designated foreign currencies (FCNR). Resident as well as Returning Indians can avail of benefits like Resident Foreign Currency Accounts (RFC).

For help and assistance in case of treasury (forex)products, you may contact our executives as mentioned below at SITB, Mumbai :- 

Name of Executive Chief Manager (Forex Operations)

Address

Baroda Sun Tower,4th & 5th FloorC-34, G Block,Bandra Kurla Complex,Mumbai - 400 051.

Telephone No. (009122)66363606

Fax No. 67592840

E-mail Address treasu@bankofbaroda.com

Forex Corporate Desk Tel:022-66363650, 66363612

International Operations

Wide global network

Bank of Baroda started its overseas journey by opening its first branch way back in 1953 in Mombassa, Kenya. Since then the Bank has come a long way in expanding its international network to serve NRls/PIOs, Indian Corporates around the world and to meet the banking requirements of the local population in the country of operation. The Bank has transformed intoIndia's International Bank.

The Bank has significant international presence with a network of 85 branches/ offices in 26 countries including 52 branches/offices of the Bank, 28 branches of its 8 Subsidiaries and 3 Representative Offices in Malaysia, Thailand & Australia. The Bank also has a Joint Venture in Zambia with 12 branches.

The Bank has presence in world's major financial centers i.e. New York, London, Brussels, Dubai, Hong Kong and Singapore.

Bank of Baroda is pursuing an ambitious overseas expansion plan and is in the process of identifying/opening more overseas centers for increasing its global presence to serve its 37 million global customers in still better way.

During the current year bank has opened branch at IIford, U.K. & Auckland, New Zealand of its wholly owned subsidiary-Bank of Baroda (new Zealand) Ltd and -3- Electronic Banking Service Units in UAE at RAKIA, Ras Al Khaimah, Al Quasis, Dubai and Sh. Zayed Road, Dubai.

Bank has plans to establish overseas offices in Canada, Qatar, Suriname, Kuwait, Saudi Arabia etc and also expand the network in UAE, Oman, Mauritius, China, Botswana, Kenya and Uganda etc. It has further plans to upgrade its Representative Offices in Australia toa branch and set up a Joint venture Commercial Bank in Malaysia.

NRI Services We offer a red carpet welcome to all NRI's to bank with us. As a premier nationalised bank in India, with comprehensive banking experience world-wide, and by virtue of our consistent track record of profit making since 1908,we are confident of meeting all your

banking requirements.

Our wide network of foreign branches, offices and Correspondent Relations at convenient business locations all round the world, which is the largest among any bank in India, will ensure a smooth and safe banking experience.

We continue to cherish our rich ethnic traditional values and culture, during our personal interface. Yet we are speedily repositioning ourselves in the e-millennium era of banking in India, to take care of your changing needs and expectations. Our information technology strategies are directed towards enabling us to provide you with a state of the art customer convenience, thereby facilitating a global banking experience.

We understand you, the NRI's, your needs and immensely value your patronage and would like to extend to you our bouquet of products and services. We assure you the best possible banking experience and will ensure that your wealth continues to grow with us.

Eligibility - FOR NON-RESIDENT INDIANS ONLY

Different meaning under different statutes FERA, 1973 and I.T. Act 1961 had different definitions Includes NRI and other non-resident foreign nationals NRI includes non-resident Indian nationals and also non-

resident Persons of Indian origin Under FERA, emphasis in determining residential status

was based on purpose of stay outside India and not on duration of stay outside India.

Definition of person resident in India as per new legislation, FEMA

Earlier definition independent of period of stay

Current definition dependent on both 'purpose of stay' and on 'period of stay' as defined in Chapter 1,Clause 2 of FEMA

Definition of NRI: Regulation 2(vi) of FEMA 5

Person resident outside India, who is a citizen of India or is a person of Indian origin

Indian citizens working abroad on assignment with Foreign Governments, Govt. agencies or in UNO and its affiliates IMF,IBRD etc. and Govt. officials (both central and state) and other officials of PSU's deputed abroad on assignments or posted abroad including Diplomatic Missions.

Indian Students studying abroad are also treated as NRIs provided their stay abroad is for more than 182 days in the preceding financial year and their intention to stay outside India for an uncertain period when they go abroad for studies.

Non-resident foreign citizens of Indian origin are treated on par

    NRI Services

 Remittance Products and Facilities

 Products & Services

 How to Open Deposit A/c

 Taxation

 Facilities to Returning

  Indians

 General Information

with NRI citizens for the purpose of certain facilities

Export Credit (Rs)

RUPEE EXPORT CREDIT (PRE-SHIPMENT AND POST-SHIPMENT) :

BOB offers both pre and post shipment credit to the Indian exporters through Rupee Denominated Loans as well as foreign currency loans in India.

Exporters having firm export orders or confirmed L/C from a recognized Bank can avail the export credit facilities from BOB provided they satisfy the required credit norms. The details of the credit norms can be obtained from the nearest authorised branch of the Bank.

Rupee export credit is available for a maximum period of -180- days from the date of first disbursement. The corporates, if required can book forward contracts in respect of future export credit drawals.

EXPORT BILL REDISCOUNTING :

BOB offers financing of export by way of bill discounting of export bills to provide post shipment finance to the exporters at competitive international rate of interest.

The export bills (both Sight and Usance) can be purchased/ discounted provided they comply with the norms of the Bank/ RBI.

All exporters are eligible to cover the bills drawn under L/C, non-credit bills under sanctioned limits under the Bill discounting Scheme.

Export Credit (Foreign Currency)

PRE-SHIPMENT CREDIT IN FOREIGN CURRENCY (PCFC) :

BOB provides PCFC in the foreign currency to the exporters enabling them to fund their procurement, manufacturing/ processing and packing requirements. These loans are available at very competitive international interest rates covering the cost of both domestic as well as import content of the exports. The PCFC can be availed in US$, Euro, GBP and Japanese Yen.

The corporates/ exporters with a good track record can avail a running account facility with the Bank for PCFC. To qualify for this purpose, the exporters overdue bill should not exceed 5% of the average annual export realization during the preceding -3- years.

PCFC in foreign currency is available for a maximum period of -180- days from the date of first disbursement similar to the case of Rupee facility.

ELIGIBILITY :

The corporates/ exporters having firm export orders or confirmed L/C are eligible for PCFC, provided they satisfy other credit norms of the Bank.

FEATURES :

The forward covers can be booked in respect of future PCFC drawals.

The PCFC drawals are also permitted in cross currency subject to exporter bearing the risk in currency fluctuations. The cross currency drawals are restricted to US$. In case, the export order is in a non-designated currency like Swiss Franc etc. PCFC will be given only in US$. For orders in Euro, Pound Sterling and JPY, PCFC can be availed in the respective currencies or US$ at the choice of exporter.

Multi-currency drawals against the same orders, are not permitted due to operational inconvenience.

REPAYMENT :

PCFC is to be repaid with the proceeds of the export bill submitted after shipment.

In case of cancellation of export order, the PCFC can be closed by selling equivalent amount of foreign exchange at TT selling rate prevalent on the date of liquidation.

The PCFC in foreign currency are granted through the -5- PMOs of the Bank at Mumbai (Treasury Branch), Delhi (International Business Branch), Ahmedabad (Ashram Road Branch), Kolkata (International Business Branch) and Chennai (International Business Branch).

EXPORT BILL REDISCOUNTING :

BOB offers financing of export by way of bill discounting of export bills to provide post shipment finance to the exporters at competitive international rate of interest. This facility is available in -4- currencies i.e. US$, Pound Sterling, Euro and JPY.

The export bills (both Sight and Usance) can be purchased/ discounted provided they comply with the norms of the Bank/ RBI.

All exporters are eligible to cover the bills drawn under L/C, non-credit bills under sanctioned limits under the Bill discounting Scheme.

Baroda Gold Card: Golden Opportunity for Exporters

FEATURES OF THE PRODUCT

Who are Eligible :

1. All exporters, including those in small and medium sectors, having a good track record and credit worthiness depending on the credit Rating done as per bank's norms.

2. The account should be "Standard" continuously for three years and should not be in the caution list of ECGC or RBI.

3. However, export firms making losses for the past three years or having overdue export bills in excess of 10% of the previous years' turnover are not eligible for Gold Card.

LIMITS

1. Based on the credit needs of the exporter appropriate limits for both Pre-shipment/Post shipment will be sanctioned for a period of three years subject to annual review of account.

2. A stand-by limit of not less than 20 percent of the assessed limit may be made additionally granted for facilitating urgent credit needs for executing sudden orders.

3. Norms for inventory may be relaxed in case of unanticipated export orders, taking into account the size and nature of the export order.

Rate of Interest :

1. Base Rate plus 0.75/1.00 % (as per internal credit rating) in case of Rupee Credit or LIBOR plus 200 bps for FC export credit.

2. Concessional rate of interest is available on Post-shipment rupee export credit for 365 days as against the applicable period of 90 days at present.

Concession in Charges :

10% concession will be given to cardholders in commission and exchange.

0.25 % in Pre/post Shipment Interest Rates

Tenor :

The Gold Card will be issued for a period of three years and will be renewed for a further period of 3 years unless any adverse/irregularities are noticed.

OTHER FEATURES :

Preference will be given for grant of PCFC.

Import Finance

Bank of Baroda provides various types of funding/ services to the importers for facilitating the imports in the country. The vast network of Bank's overseas branches/ subsidiaries and Correspondent Banks worldwide facilitate prompt & efficient services to the importers. All the facilities are subject to the prevalent rules of the Bank/ RBI guidelines. 

The various facilities provided are:

Collection of import bill. Opening of Import L/Cs (Sight/ DA) Financing of import by way of Foreign Currency Loans Issuing Guarantees etc. on behalf of importers.

COLLECTION OF IMPORT BILLS:

The import bills are collected through the 120 authorised branches at very competitive rates. The Bank has correspondent relationship with reputed International Banks throughout the world and can provide the services to importers who may be importing from any part of the globe.

LETTER OF CREDIT:

Bank of Baroda offers L/C facility for the purchase of goods in the international market. Being a well-known international Bank of repute, the L/Cs of the Bank of Baroda are well accepted in the International market.

With the Letter of Credit of Bank of Baroda, importers can build up better trust/ confidence in their suppliers and develop other business relationship at a much faster pace.

The L/C facility can be granted to the importers after assessing their requirement/ credit worthiness/ financial strength and other parameters being to the satisfaction of the Bank.

BANK GUARANTEES:

Bank of Baroda on behalf of importers/ other customers issues guarantees in favour of beneficiaries abroad. The guarantees can be both Performance and Financial.

Interest Rates on Advances

WHOLESALE | RETAIL LOAN | PRIORITY SECTOR | SME | EXPORT CREDIT

Base Rate (per annum) w.e.f. 04.02.20119.50% 

Our BPLR for all the existing accounts is 13.75 % per annum w.e.f from 04.02.2011

 Wholesale 

Rate of interest for Wholesale w.e.f 04.02.2011 

Rating Rate of InterestCR-1 Base Rate + 4.25%CR-2 Base Rate + 4.50%CR-3 Base Rate + 5.00%CR-4 Base Rate + 5.50%CR-5 Base Rate + 6.25%CR-6 Base Rate + 6.75%CR-7,8,9,10 Base Rate + 7.00%

Rate of interest on Bill Discounted under LC for all categoriesParticulars Rate of interest1. When Bills Discounted are under Letter of Credit of our Bank/other prime Banksa. Having contractual maturity from 1 to 90 days. 0.50% above Base Rate, i.e. 10.00% p.a. at present.b. Having contractual maturity from 91 to 180 days.

0.75% above Base Rate, i.e. 10.25 % p.a. at present.

c. Having contractual maturity more than 180 days upto 1 year(Our Bank's LC)

4.00% above Base Rate i.e.13.50% p.a at present.

d. Having contractual maturity more than 180 days upto 1 year (Other Bank's LC)

4.50% above Base Rate, i.e. 14.00% p.a. at present.

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 Retail Loans

Interest Rate w.e.f 04.02.2011

Baroda Home Loan to Individuals / NRIs / PIOs (W.E.F 04.02.2011)

Fixed Rate optionNot Available

Floating Rate option

Repayment Period Up to Rs. 30 LacsAbove Rs. 30 Lacs and below Rs. 75 Lacs

75 Lacs and above

Upto 5 years0.50% above Base Rate i.e. 10.00%

1.25% above Base Rate i.e. 10.75%

Base Rate + 1.50% i.e. 11.00%

Over 5 years & up to 15 years

0.75% above Base Rate i.e. 10.25%

1.50% above Base Rate i.e. 11.00%

Base Rate +1.75% i.e. 11.25%

Over 15 years & up to 25 yrs1.00% above Base Rate i.e 10.50%

1.75% above Base Rate i.e.11.25%

Base Rate +2.00% i.e. 11.50%

Baroda Home Improvement Loan

2.50% above Base Rate i.e. 12.00%.

Baroda Additional Assured Advance (AAA) (Resident / NRIs / PIOs)

6.50% above Base Rate i.e. 16.00%

Baroda Mortgage Loan (Realigned Product)

5.25% above Base Rate i.e.14.75%

Baroda Ashray (Reverse Mortgage)Fixed Rate Option: Not AvailableFloating Rate Option 1.75% Above Base Rate i.e. 11.25% p.a

Baroda Traders Loan (irrespective of loan limit/OD/TL) 4.00 % above Base Rate i.e.13.50%

Baroda Loan to DoctorsUpto Rs.2/- lacs 3.00 % above Base Rate i.e. 12.50%.Above Rs.2.lacs 2.50 % above Base Rate i.e. 12.00%.

Baroda Education LoanLoans upto Rs.4.00 lacs 2.00% above Base Rate i.e. 11.50%.Loans above Rs.4.00 lacs 4.00% above Base Rate i.e. 13.50%.Loans above Rs.4.00 lacs for ISB, Hyderabad Students

2.00% above Base Rate i.e. 11.50%.

Baroda Career Development

4.75% Above Base Rate i.e. 14.25%

Baroda Loan for Training, Skill Upgradation of Construction workers

5.00% Above Base Rate i.e. 14.50%

Baroda Auto LoanBaroda Car Loan/ Baroda Car Loan to HNIs / Corporate w. e.f 01.09.2010For Loans of tenor upto 5 years(Irrespective of amount of loan):

2.50% above Base Rate i.e. 12.00%

For Loans of tenor over 5 years(Irrespective of amount of loan):

3.00% above Base Rate i.e. 12.50%

Baroda Loan for Two Wheelers

4.00% above Base Rate i.e. 13.50%.

Baroda Advance Against Securities

A Against NSC/KVP

Loan: 3.50% above Base Rate or 0.50% over NSC / KVP rate, whichever is higherOverdraft: 4.00% above Base Rate or 0.75% over NSC / KVP, whichever is higher

BLife Insurance Policy / Relief Bonds

Loan: 3.50% above Base Rate i.e. 13.00 % Overdraft: 4.00% above Base Rate i.e. 13.50%.

Baroda Personal Loan 6.50% above Base Rate i.e. 16.00%Except for following Purpose Loan to Pensioners: 5.25% above Base Rate i.e. 14.75% Loan to Defence Pensioners: 5.25% above Base Rate i.e. 14.75%

Loan for Earnest Money Deposit: 3.25% above Base Rate i.e. 12.75%

Baroda Salary Advantage Savings Account

5.50% above Base Rate i.e.15.00%

Baroda Loan Against Future Rent Receivables

6.00% above Base Rate i.e.15.50%

Loan against Bank's own Deposit (LABOD) - For advances below Rs. 1 Crore

Category Loan to depositor Loan to third party

Domestic (Public)1.50% over deposit rate

2% over deposit rate or 3.50% above Base Rate, whichever is higher.

Senior Citizens1.25% over deposit rate

Not applicable

NRE Deposits (Public) #

1.50% over deposit rate

2% over deposit rate or 3.50% above Base Rate, whichever is higher.

# Maximum loan amount subject to current RBI/FEMA guidelines.

Loan against Bank's own Deposit (LABOD) - For advances of Rs. 1 Crore and above

Category Loan to depositor Loan to third partyDomestic (Public) 1.75% over deposit rate 2.25% over deposit rate or 3.50% above Base Rate, whichever is higher.

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 Priority Sector

Sr. No. ParameterInterest rate (per annum)

w.e.f. 01.07.20101. Direct Agriculture1.1 Crop loans/ Production Credit

1.1.1 Crop loans/Production Credit up to Rs. 3 lacs.

7.00% p.a. (Fixed) **Subject to Govt. of India provides subvention to Banks on such advances. Otherwise as mentioned above:Upto Rs.50,000: 0.50% above Base RateAbove Rs. 50,000 upto Rs.2 lacs: 1.25% above Base Rate Above Rs.2 lacs upto Rs.3 lacs : 2.25% above Base Rate

1.1.2Crop loans/Production Credit Above Rs. 3 lacs and upto Rs. 10 lacs.

2.75% above Base Rate

1.1.3 Crop loans/Production loans above Rs. 10 lacs. 3.75% above Base Rate1.2 Investment loans (Based on aggregate limits combined with production credit)

1.2.1 Upto Rs.50,000. 1.00% above Base Rate1.2.2 Above Rs.50,000 upto Rs. 2 lacs 1.75% above Base Rate1.2.3 Above Rs. 2 lacs upto Rs.10 lacs. 2.75% above Base Rate1.2.4 Above Rs. 10 lacs 3.75% above Base Rate

2Indirect Agriculture/Other Priority Sector (Other than Housing Loans, Retail Lending Products & SME)

2.1Finance to PACS/FSS/LAMPS for on lending to farmers irrespective of loan limit/purpose.

0.50% above Base Rate

2.2 Finance to SHGs irrespective of loan limit/purpose 1.00% above Base Rate2.3 Finance to others not mentioned above2.3.1 Loans upto Rs.50,000 1.00% above Base Rate2.3.2 Above Rs.50,000 to Rs. 2 lacs. 1.50% above Base Rate

2.3.3 Above Rs.2 lacs but less than Rs. 25 lacs.

3.75% above Base Rate The pricing is delinked from credit rating. However, the credit rating is to be carried out to ascertain the risk profile of the portfolio.

2.3.4 Rs. 25 lacs and above.

Ranging from 3.15% above Base Rate to 5.00% above Base Rate for loans depending upon credit rating of individual borrower irrespective of the tenure as mentioned above.

2.3.4.1 For Indirect AgricultureAs per CRISIL Model Irrespective of Tenure of LoanCR1 3.15% above Base RateCR2 3.50% above Base RateCR3 3.75% above Base RateCR4 4.00% above Base RateCR5 4.50% above Base RateCR 6, 7, 8, 9 & 10 5.00% above Base Rate

2.3.4.2 Other Priority SectorAs per CRISIL Model Irrespective of Tenure of LoanCR1 3.15% above Base RateCR2 3.50% above Base RateCR3 3.75% above Base RateCR4 4.50% above Base RateCR 5, 6, 7, 8, 9 & 10 5.00% above Base Rate

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Interest rates applicable for domestic credit (Micro, Small & Medium Enterprises) w.e.f 01.07.2010

 Micro / Small Enterprises

Loan Limit For Micro Enterprises For Small EnterprisesUpto Rs. 50,000 At Base Rate 0.50% above Base RateAbove Rs. 50,000 upto Rs. 2.00 lacs 0.50% above Base Rate 1.00% above Base RateAbove Rs.2 lacs but less than Rs.25 lacs 2.75% above Base Rate 3.25% above Base RateOn SME advances of Rs.25.00 lacs and abovee

Credit Rating For Micro EnterprisesFor Small Enterprises

Fund Based Limits upto Rs.10 crores

Fund Based Limits above Rs.10 crores

CR1 2.15% above Base Rate 2.65% above Base Rate. 3.15% above Base RateCR2 2.50% above Base Rate. 3.00% above Base Rate. 3.50% above Base Rate.CR3 2.75% above Base Rate. 3.25% above Base Rate. 3.75% above Base Rate.CR4 3.00% above Base Rate 3.50% above Base Rate. 4.00% above Base RateCR5 3.50% above Base Rate. 4.00% above Base Rate 4.50% above Base RateCR 6, 7, 8, 9 & 10

4.00% above Base Rate 4.50% above Base Rate 5.00% above Base Rate

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 Medium Enterprises :

I. For advances over Rs. 2/- lacs and less than Rs. 25/- lacs : 3.75% above Base Rate

II. For advances of Rs. 25/- lacs and above :Credit Rating Fund Based Limits upto Rs.10 crores Fund Based Limits above Rs.10 croresCR1 2.90% above Base Rate 3.40% above Base RateCR2 3.25% above Base Rate 3.75% above Base RateCR3 3.75% above Base Rate 4.25% above Base RateCR4 4.25% above Base Rate 4.75% above Base RateCR5 5.00% above Base Rate 5.50% above Base RateCR 6, 7, 8, 9, 10 5.75% above Base Rate 6.25% above Base Rate

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 Export Credit - (Interest rates w.e.f 04.02.2011)

Interest rates for Normal Exporters

Categories of Rupee Export Credit Credit Rating Rate of InterestPre-Shipment Credit

(a) Up to 270 daysCR 1 to CR 3 1.00% above Base Rate i.e, 10.50%CR 4 to CR 6 1.25% above Base Rate i.e, 10.75%CR 7 to CR 10 1.50% above Base Rate i.e, 11.00%

(b) Against incentives receivable from Govt. (Covered by ECGC guarantee) upto 90 days.

CR 1 to CR 3 1.00% above Base Rate i.e, 10.50%CR 4 to CR 6 1.25% above Base Rate i.e, 10.75%CR 7 to CR 10 1.50% above Base Rate i.e, 11.00%

Post-Shipment Credit

a) On Demand Bills for transit period (as specified by FEDAI)

CR 1 to CR 3 1.00% above Base Rate i.e, 10.50%CR 4 to CR 6 1.25% above Base Rate i.e, 10.75%CR 7 to CR 10 1.50% above Base Rate i.e, 11.00%

(b) Against Usance bills upto notional due date or actual due date, whichever is earlier (for total period comprising of usance period of export bills, transit period as specified by FEDAI and grace period wherever applicable

i) Upto 180 days from the date of advance

CR 1 to CR 3 1.00% above Base Rate i.e, 10.50%CR 4 to CR 6 1.25% above Base Rate i.e, 10.75%CR 7 to CR 10 1.50% above Base Rate i.e, 11.00%

c) Against incentives receivable from CR 1 to CR 3 1.00% above Base Rate i.e, 10.50%

Govt. (covered by ECGC Guarantee) upto 90 days

CR 4 to CR 6 1.25% above Base Rate i.e, 10.75%CR 7 to CR 10 1.50% above Base Rate i.e, 11.00%

d) Against undrawn balance (upto 90 days)

CR 1 to CR 3 1.00% above Base Rate i.e, 10.50%CR 4 to CR 6 1.25% above Base Rate i.e, 10.75%CR 7 to CR 10 1.50% above Base Rate i.e, 11.00%

e) Against retention money (for supplies portion only) payable within one year from the date of shipment (upto 90 days)

CR 1 to CR 3 1.00% above Base Rate i.e, 10.50%CR 4 to CR 6 1.25% above Base Rate i.e, 10.75%

CR 7 to CR 10 1.50% above Base Rate i.e, 11.00%

Export Credit Not Otherwise Specified (ECNOS)*(a) Pre-Shipment Credit 7.00% above Base Rate i.e, 16.50%(b) Post-Shipment Credit 7.00% above Base Rate i.e, 16.50%

Interest Rates on Export Credit in Foreign Currency (w.e.f. 19.02.2010)

Rate of InterestPre shipment and Post shipment LIBOR plus 200 basis points

Interest rates for Gold Card Holders

Categories of Rupee Export Credit Credit Rating Rate of InterestPre-Shipment Credit

(a) Up to 270 daysCR 1 to CR 3 0.75% above Base Rate i.e, 10.25%CR 4 to CR 6 1.00% above Base Rate i.e, 10.50%CR 7 to CR 10 NOT ELIGIBLE

Post-Shipment Credit

(a) Up to 365 daysCR 1 to CR 3 0.75% above Base Rate i.e, 10.25%CR 4 to CR 6 1.00% above Base Rate i.e, 10.50%CR 7 to CR 10 NOT ELIGIBLE

Penal Interest Rate : In the event of non-compliance with any of the terms or conditions of the sanction , penal interest upto a maximum of 2% over and above the contracted rate , will be charged to the borrower

Interest Rates on Deposits (Domestic & NRI) 

Interest Rate on Term Deposits & NRO Deposits (W.E.F 01.03.2011)

Maturity RangeDeposit [Per Annum] 

less than 1 crore

7 days to 14 days 2.50%

15 days to 45 days 3.00%

46 days to 90 days 4.00%

91 days to 180 days 6.25%

181 days to 270 days 6.75%

271 days & above but less than one year 7.50%

1 year and upto 443 days 9.00%

Baroda Utsav Deposit scheme (444 days) till 31stMarch, 2011

9.35%

- 445 - days and upto 3 years 9.00%

Above 3 years upto 10 years 8.50%

Baroda Tax Savings Term Deposit (w.e.f. 01.03.2011)

Maturity RangeDeposit [Per Annum] 

less than 1 crore

Tax Savings Scheme:

For 5 years 8.50%

Above 5 years and upto 10 years 8.50%

Term deposit of Rs. 1 crore and above (Fresh and Renewal) (w.e.f. 01.03.2011)

Maturity Range Rates for Rs.1 Cr & above

7 to 14 days 2.50%

15 to 45 days 3.00%

46 to 90 days 4.50%

91 to 180 days 6.25%

181 to 270 days 6.75%

271 days & above but less than one year 7.50%

One year & above upto 3 years 8.50%

# Customers are requested to contact their nearest Bank of Baroda Branch. 

Savings Deposits Interest Rate (% p.a.)

Savings Account 3.50%

NRI SCHEMES

FOREIGN CURRENCY NON-RESIDENT DEPOSIT - FCNR(B) - (Effective from 01.04.2011)

Maturity PeriodRate of Interest

1 Year to less than 2 years 1.78 2.60 2.95 1.57 2.90 6.552 years to less than 3 years 1.96 2.86 3.36 1.40 2.95 6.193 years to less than 4 years 2.50 3.31 3.67 1.45 3.32 6.314 Years to less than 5 years 2.98 3.66 3.90 1.53 3.62 6.585 years 3.40 3.96 4.07 1.63 3.87 6.68

NRE TERM (RUPEE) DEPOSITS (Effective from 01.04.2011)

Maturity Period Rate of Interest1 year and above but less than 2 years 2.532 years and above but less than 3 years 2.713 years and above but less than 4 years 3.254 years and above but less than 5 years 3.255 years 3.25

NRE Savings Deposits (Effective from 18.11.2005)

Interest Rate (% p.a.)

Savings Account 3.50

Note :

1. The revised rates are applicable for fresh deposits and renewal of old deposits.

2. As per RBI Directives with effect from 17th July 2003, the NRE Deposits are to be accepted for a minimum period of 1 year.

3. NRE (Rupee) Fixed Deposits: No interest will be payable for deposits that have remained with the bank for less than twelve months.

4. FCNR Deposits: No Interest is paid if premature payment before one year.

5. NRO FD/SB: NRO FD/SB : 30.90% Withholding tax plus applicable surcharge/cess is applicable in NRO FD/SB accounts where DTAA is not applicable or the NRI depositor is not in a position to provide required documents/formalities for availing rebate in withholding tax. Surcharge is applicable @2.5% of TDS/Tax amount to Foreign Company if the Company has net income exceeding Rs.1/-crore. 

6. Rates quoted are subject to change without notice.

7. The rates mentioned above for Term Deposits of Rs.1 cr. & above are indicative. Customers are requested to contact their nearest Bank of Baroda Branch for any change in rates.

Interest Rates for Senior Citizens (domestic only)

Waiver of penalty on premature payment of deposits up to Rs.5 lacs with minimum period of 12 months (domestic only)

Penal Interest on Premature Withdrawals of Short Deposits, and Fixed Deposits of the face value exceeding Rs. 5 lacs (domestic only)

Information on Overdue Deposits / Matured Deposits (domestic only)