Personal The strength and integrity of relationships

Banking
Services

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:

○ Short Deposits

• For Deposits over 12 months:

○ Baroda Utsav Deposit Scheme

○ Fast Access Deposit Scheme

○ BoB Suvidha Fixed Deposit Scheme

○ Regular Income Plan

○ Monthly Income Plan

○ Regular Income Cum Recurring Deposit

○ Capital Gain Account Scheme, 1988

○ Term Deposits

○ Baroda Tax Savings Term Deposit

• As Recurring Deposits:

○ Recurring Deposit

○ 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 and
2. 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

Rs.1000/- for opening.

A/c with Cheque book facility
or without cheque book
Quarterly Average Balance (QAB) ofRs.1000/- is also required to be
facility
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 Loan

Be 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

○ Rural areas: Rs. 5 Lacs

○ Other areas: Rs. 100 Lacs

• Repayment

○ 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

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

• Professional / Self-employed

○ I.T. returns for past 3 years

○ Latest income tax assessment order (for overdraft amount of over Rs. 5 Lacs)
○ Income certificate from appropriate revenue authority like Tehsilldar/BDO/SDO (for agriculturist)
○ Original title deeds of the property offered for mortgage
○ Paid receipt of latest maintenance, water tax, municipal tax and any such taxes.
○ Non encumbrance letter from co-op society
 ○ Permission to create Equitable Mortgage from society
○ 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 Inin life

today's fast paced world, a vehicle is but a necessity. Yet other expenses and plans
take priority and the dream of owning a car takes a back seat. Whether as a
Loan 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 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.
Personal 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
Loan 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:

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

○ Purchase of medical / diagnostic equipments.

○ Setting up of operation theatre.

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

○ Purchase of car, ambulance, etc.

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

○ 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

○ Pledge of the shares to be allotted.

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

○ 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 only
Additional 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) and
ii. 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-Block
Bandra 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. Name of the branch DP of

No.
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, Branch since linked to
Mumbai 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:
○ Copy of Death certificate (duly certified from original)
○ Duly filled in claim form together with surety letter
○ Legal representation i.e. succession certificate or letter of administration or Probate of Will.
○ 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
Metropolitan Urban Semi Urban/ Rural
Lockers
Existing Revised Existing Revised Existing Revised

A 900 1100 645 900 450 700

B 975 1200 720 1000 525 750

D 1050 1550 795 1350 600 900

C 1125 1650 870 1450 675 1000

E/H-1 1425 2000 1200 1800 975 1400

G 1875 3000 1725 2800 1500 2400

F 2025 3000 1425 2800 1200 2400

L-1 2325 5000 2325 4500 2025 4000

H 2775 3500 2025 3300 1650 2800

L 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 addition
to 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:

○ 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

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:
 ○ Copy of Death certificate (duly certified from original)

○ Duly filled in claim form together with surety letter

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

○ 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 Supporting corporate growth

Banking 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.
Services 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 addition
to 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

Term Deposits (Over

payment of

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

○ Appraisal
○ Loan Syndication
○ Other Consultations

• Cash Management & Remittances

○ Bank of Baroda Cash Reach

○ Remittances & Collection

Rural Strengthening
the rural
Bank economy
ing Rural India
Servi contributes
chunk to the
a major

ces 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:

○ Short Deposits

• For Deposits over 12 months:

○ Baroda Utsav Deposit Scheme

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

• As Recurring Deposits:

○ Recurring Deposit
○ 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:
○ Copy of Death certificate (duly certified from original)
○ Duly filled in claim form together with surety letter
○ Legal representation i.e. succession certificate or letter of administration or Probate of Will.
○ 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
Metropolitan Urban Semi Urban/ Rural
Lockers
Existing Revised Existing Revised Existing Revised

A 900 1100 645 900 450 700

B 975 1200 720 1000 525 750

D 1050 1550 795 1350 600 900

C 1125 1650 870 1450 675 1000

E/H-1 1425 2000 1200 1800 975 1400

G 1875 3000 1725 2800 1500 2400

F 2025 3000 1425 2800 1200 2400

L-1 2325 5000 2325 4500 2025 4000

H 2775 3500 2025 3300 1650 2800

L 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 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
Operations 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, 27541936
Chennai North Beach Road 044-23454247, 23454243, 23454244
Kolkata India Exchange 033-22214468, 2220676
Mumbai Fort University 022-22704524
Mumbai P M Road 022-43408600, 22663348
New Delhi Parliament Street 011-23321849, 23325557, 23328666
Derivatives
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 Floor
C-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

9.50%
Base Rate (per annum) w.e.f. 04.02.2011

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 Interest

CR-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 categories

Particulars Rate of interest
1. When Bills Discounted are under Letter of Credit of our Bank/other prime Banks
a. 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
4.00% above Base Rate i.e.13.50% p.a at present.
upto 1 year(Our Bank's LC)
d. Having contractual maturity more than 180 days
4.50% above Base Rate, i.e. 14.00% p.a. at present.
upto 1 year (Other Bank's LC)

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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 option Not Available

Floating Rate option
Repayment Period Up to Rs. 30 Lacs Above Rs. 30 Lacs and 75 Lacs and above
 below Rs. 75 Lacs
0.50% above Base Rate i.e. 1.25% above Base Rate i.e. Base Rate + 1.50% i.e.
Upto 5 years
10.00% 10.75% 11.00%

Over 5 years & up to 15 0.75% above Base Rate i.e. 1.50% above Base Rate i.e. Base Rate +1.75% i.e.
years 10.25% 11.00% 11.25%

1.00% above Base Rate i.e 1.75% above Base Rate Base Rate +2.00% i.e.
Over 15 years & up to 25 yrs
10.50% i.e.11.25% 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 Available

Floating 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 Doctors

Upto 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 Loan

Loans 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 Students2.00% 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 Loan

Baroda Car Loan/ Baroda Car Loan to HNIs / Corporate w. e.f 01.09.2010

For Loans of tenor upto 5 years

2.50% above Base Rate i.e. 12.00%
(Irrespective of amount of loan):
For Loans of tenor over 5 years
3.00% above Base Rate i.e. 12.50%
(Irrespective of amount of loan):

Baroda Loan for Two Wheelers

 4.00% above Base Rate i.e. 13.50%.

Baroda Advance Against Securities

Loan: 3.50% above Base Rate or 0.50% over NSC / KVP rate, whichever is higher
A Against NSC/KVP Overdraft: 4.00% above Base Rate or 0.75% over NSC / KVP, whichever is
higher

Life Insurance Policy / Loan: 3.50% above Base Rate i.e. 13.00 %
B
Relief Bonds 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

2% over deposit rate or 3.50% above Base Rate, whichever is
Domestic (Public) 1.50% over deposit rate
higher.

Senior Citizens 1.25% over deposit rate Not applicable

2% over deposit rate or 3.50% above Base Rate, whichever is
NRE Deposits (Public) # 1.50% over deposit rate
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 party

Domestic (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

Interest rate (per annum)

Sr. No. Parameter
w.e.f. 01.07.2010
1. Direct Agriculture
1.1 Crop loans/ Production Credit
7.00% p.a. (Fixed) *
*Subject to Govt. of India provides subvention
to Banks on such advances. Otherwise as
mentioned above:
1.1.1 Crop loans/Production Credit up to Rs. 3 lacs. Upto Rs.50,000: 0.50% above Base Rate
Above 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
Crop loans/Production Credit Above Rs. 3 lacs and
1.1.2 2.75% above Base Rate
upto Rs. 10 lacs.
1.1.3 Crop loans/Production loans above Rs. 10 lacs. 3.75% above Base Rate
1.2 Investment loans (Based on aggregate limits combined with production credit)
1.2.1 Upto Rs.50,000. 1.00% above Base Rate

1.2.2 Above Rs.50,000 upto Rs. 2 lacs 1.75% above Base Rate

1.2.3 Above Rs. 2 lacs upto Rs.10 lacs. 2.75% above Base Rate

1.2.4 Above Rs. 10 lacs 3.75% above Base Rate

Indirect Agriculture/Other Priority Sector (Other than Housing Loans, Retail Lending Products &
2
SME)
Finance to PACS/FSS/LAMPS for on lending to farmers
2.1 0.50% above Base Rate
irrespective of loan limit/purpose.
2.2 Finance to SHGs irrespective of loan limit/purpose 1.00% above Base Rate
2.3 Finance to others not mentioned above
2.3.1 Loans upto Rs.50,000 1.00% above Base Rate

2.3.2 Above Rs.50,000 to Rs. 2 lacs. 1.50% above Base Rate

3.75% above Base Rate The pricing is
delinked from credit rating. However, the
2.3.3 Above Rs.2 lacs but less than Rs. 25 lacs.
credit rating is to be carried out to ascertain
the risk profile of the portfolio.
Ranging from 3.15% above Base Rate to
5.00% above Base Rate for loans depending
2.3.4 Rs. 25 lacs and above.
upon credit rating of individual borrower
irrespective of the tenure as mentioned above.
2.3.4.1 For Indirect Agriculture
As per CRISIL Model Irrespective of Tenure of Loan
CR1 3.15% above Base Rate

CR2 3.50% above Base Rate

CR3 3.75% above Base Rate

CR4 4.00% above Base Rate

CR5 4.50% above Base Rate
 CR 6, 7, 8, 9 & 10 5.00% above Base Rate

2.3.4.2 Other Priority Sector

As per CRISIL Model Irrespective of Tenure of Loan
CR1 3.15% above Base Rate

CR2 3.50% above Base Rate

CR3 3.75% above Base Rate

CR4 4.50% above Base Rate

CR 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 Enterprises

Upto Rs. 50,000 At Base Rate 0.50% above Base Rate

Above Rs. 50,000 upto Rs. 2.00 lacs 0.50% above Base Rate 1.00% above Base Rate

Above Rs.2 lacs but less than Rs.25 lacs 2.75% above Base Rate 3.25% above Base Rate

On SME advances of Rs.25.00 lacs and abovee

For Small Enterprises

Credit Rating For Micro Enterprises Fund Based Limits upto Fund Based Limits above Rs.10
Rs.10 crores crores
CR1 2.15% above Base Rate 2.65% above Base Rate. 3.15% above Base Rate

CR2 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 Rate

CR5 3.50% above Base Rate. 4.00% above Base Rate 4.50% above Base Rate

CR 6, 7, 8, 9 & 104.00% 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 crores
CR1
2.90% above Base Rate 3.40% above Base Rate
CR2 3.25% above Base Rate 3.75% above Base Rate

CR3 3.75% above Base Rate 4.25% above Base Rate

CR4 4.25% above Base Rate 4.75% above Base Rate

CR5 5.00% above Base Rate 5.50% above Base Rate

CR 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 Interest

Pre-Shipment Credit
CR 1 to CR 3 1.00% above Base Rate i.e, 10.50%

(a) Up to 270 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%

CR 1 to CR 3 1.00% above Base Rate i.e, 10.50%

(b) Against incentives receivable from
Govt. (Covered by ECGC guarantee) CR 4 to CR 6 1.25% above Base Rate i.e, 10.75%
upto 90 days.
CR 7 to CR 10 1.50% above Base Rate i.e, 11.00%
Post-Shipment Credit
CR 1 to CR 3 1.00% above Base Rate i.e, 10.50%
a) On Demand Bills for transit period (as
CR 4 to CR 6 1.25% above Base Rate i.e, 10.75%
specified by FEDAI)
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
CR 1 to CR 3 1.00% above Base Rate i.e, 10.50%
i) Upto 180 days from the date of
CR 4 to CR 6 1.25% above Base Rate i.e, 10.75%
advance
CR 7 to CR 10 1.50% above Base Rate i.e, 11.00%

CR 1 to CR 3 1.00% above Base Rate i.e, 10.50%

c) Against incentives receivable from
Govt. (covered by ECGC Guarantee)
upto 90 days
d) Against undrawn balance (upto 90
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%
CR 1 to CR 3
1.00% above Base Rate i.e, 10.50%
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%

CR 1 to CR 3 1.00% above Base Rate i.e, 10.50%

e) Against retention money (for supplies
portion only) payable within one year CR 4 to CR 6 1.25% above Base Rate i.e, 10.75%
from the date of shipment (upto 90 days)
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 Interest
Pre shipment and Post shipment LIBOR plus 200 basis points

Interest rates for Gold Card Holders

Categories of Rupee Export Credit Credit Rating Rate of Interest

Pre-Shipment Credit
CR 1 to CR 3 0.75% above Base Rate i.e, 10.25%

(a) Up to 270 days CR 4 to CR 6 1.00% above Base Rate i.e, 10.50%

CR 7 to CR 10 NOT ELIGIBLE
Post-Shipment Credit
CR 1 to CR 3 0.75% above Base Rate i.e, 10.25%

(a) Up to 365 days 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)

Deposit [Per Annum]
Maturity Range
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
9.35%
31stMarch, 2011
- 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)

Deposit [Per Annum]
Maturity Range
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)

Rate of Interest
Maturity Period

1 Year to less than 2 years 1.78 2.60 2.95 1.57 2.90 6.55
2 years to less than 3 years 1.96 2.86 3.36 1.40 2.95 6.19
3 years to less than 4 years 2.50 3.31 3.67 1.45 3.32 6.31
4 Years to less than 5 years 2.98 3.66 3.90 1.53 3.62 6.58
5 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 Interest
1 year and above but less than 2 years 2.53
2 years and above but less than 3 years 2.71

3 years and above but less than 4 years 3.25

4 years and above but less than 5 years 3.25
5 years 3.25

NRE Savings Deposits (Effective from

Interest Rate (% p.a.)
18.11.2005)
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)