Bank of Baroda Savings Account
Bank of Baroda provides an array of savings accounts to the customers, each carefully designed to suit individual needs. With Bank of Baroda Savings Accounts, customers will be able to easily track and manage their finances.
BOB savings account can be accessed through any of the 9,693 Indian branches or the Automated Teller Machines (ATMs). With personalized services, attractive features and other unique benefits, saving money will be a pleasure with the Bank of Baroda savings account.
Bank of Baroda Savings Account Interest Rates 2026:
Account Balance | Interest Rate (p.a.) |
Up to Rs.1 lakh | 2.50% |
Above Rs.1 lakh and up to Rs.50 Lakh | 2.50% |
Rs.50 Lakh to less than Rs.10 crores | 2.50% |
Above Rs.10 crores to less than Rs.50 crores | 2.50% |
Above Rs.50 crores to less than Rs.100 crores | 2.75% |
Above Rs.100 crores to less than 200 crores | 2.75% |
Above Rs.200 crores to less than Rs.500 crores | 2.75% |
Above Rs.500 crores to less than 1,000 crores | 3.50% |
Above Rs.1,000 crores to less than 2,000 crores | 4.50% |
Above Rs.2,000 crores | 4.75% |
Note: The above-mentioned interest rates are effective from 22 August 2025 and are subject to change.
How do I open a Bank of Baroda Savings Account?
A customer wishing to open a savings account with the Bank of Baroda should submit the application form to any of the nearest physical branches. The applicant can download the application form from the Bank of Baroda web portal and can submit it at a branch. Also, in case of queries, customers can make use of the "Inquiry" facility available on the Bank of Baroda website. The applicant must keep all necessary Know Your Customer (KYC) documents like ID proof and address proof ready to complete the documentation formalities.
Features of Bank of Baroda Savings Account
Given below are some of the basic features of the Bank of Baroda savings account:
- You will get access to BoB’s Internet and Mobile Banking services which you can use anytime to transfer funds, bill payments, and account management.
- You will get a free ATM/debit card for cash withdrawals and shopping.
- One can get updates through real-time SMS and email alerts for every transaction, which adds an extra layer of security and transparency.
- A free cheque book and passbook will be provided in which you can maintain your financial records easily.
- You will get 24/7 access to customer service through helplines, mobile app support, and branch banking across India and abroad.
- You can easily pay your bills and do shopping with your savings account.
Benefits of Bank of Baroda Savings Account
There are several advantages to opening a savings account. These are as follows:
1. Security of Funds: Bank of Baroda provides a safe environment if you want to secure your savings. Moreover, in case of bank failure, your deposits are insured up to Rs.5 lakh (as of March 2026) under the Deposit Insurance and Credit Guarantee Corporation (DICGC) scheme
2. Easy Access to Your Money: A savings account offers you high liquidity, which means that you can easily access your funds anytime through ATMs, mobile apps, or online transfers. Also, you can pay your electricity bills, mobile charges, or EMIs through mobile banking.
3. Simple and Quick Transfers: You can quickly and easily transfer your funds from your savings account. With options like UPI, IMPS, NEFT, and RTGS, you can send money to anyone and anytime, using your mobile phone.
4. Shared Access with Joint Account: You can also open joint savings accounts if you want shared access to funds. It helps in maintaining the budget and keeping track of expenses, which eventually makes financial planning easier.
5. Earn More with Auto-Sweep: You will get an auto-sweep option with the Bank of Baroda savings account. In this option, your extra funds above a set limit are moved into fixed deposits automatically. You will be paid higher interest on that amount, which helps you to grow your savings more easily.
Types of Bank of Baroda Savings Accounts:
The following types of savings account are offered by Bank of Baroda.
- Super Savings Account: Super Savings Account offered to high value resident customers, this scheme is available in urban and metro centres. It brings many advantages to the account holder like free outstation cheque collection, reverse and auto reverse sweep facility and free issuance of demand drafts.
- Baroda Pensioners Savings Bank Account: Baroda Pensioners Savings Account can be opened with just Rs.5. The cardholders will be offered features like Baroda Connect internet banking facility, accidental death insurance cover worth Rs.1 lakhs, immediate credit of outstation cheques and free debit card. Free unlimited cheque book facility is also available and all pensioners are eligible to apply for this scheme offered by Bank of Baroda.
- Baroda Mahila Shakti Saving Account: This scheme is offered to women who have a savings account in Bank of Baroda. If you are availing this scheme you will be able to enjoy higher interest rate with flexi-fixed deposit facility. Under this scheme there are attractive offers on beauty, lifestyle, groceries, etc. You can also avail a personal accidental insurance including a concessional interest rate on two-wheelers and educational loans.
- Baroda Senior Citizen Privilege Saving account: If you are a resident of India and above the age of 60 years, then you can avail of this scheme offered by the Bank of Baroda. You are offered a list year free Visa Platinum Debit card with a withdrawal limit of up to Rs.1 lakh and a purchase limit on PoS (Point of Sale) of up to Rs.2 lakh. You are also offered a 50% waiver on your processing fee if you avail of a reverse mortgage loan from Bank of Baroda. You can make unlimited transactions from any Bank of Baroda ATM.
- Baroda Salary Privilege: You can avail of this loan if your net monthly salary is Rs.2 lakh and above. Under this scheme, you are offered an Accidental Death Insurance Cover along with a 100% waiver on the processing fee if you avail of a housing loan, auto loan, education loan, mortgage loan, or personal loan from the Bank of Baroda. You are also eligible to receive a lifetime free Baroda Premier Credit Card with 5x reward points on availing of this saving account scheme from Bank of Baroda.
- Baroda Salary Premium: You can avail this scheme if your net monthly salary is Rs.1 lakh and above but less than Rs.2 lakh. Under this scheme, you are offered an Accidental Death Insurance Cover along with 75% waiver on the processing fee if you avail a housing loan, auto loan, education loan, mortgage loan, or a personal loan from Bank of Baroda. You are also offered a lifetime free Baroda Premier Credit Card with 5x reward points on availing this scheme from Bank of Baroda.
- Baroda Salary Super: You can avail of this scheme if your net monthly salary is Rs.50,000 and above but less than Rs.1 lakh. You are eligible to receive 50% waiver on the processing fee if you avail a housing loan, auto loan, education loan, mortgage loan, or a personal loan from Bank of Baroda including an Accidental Death Insurance Cover. You are also eligible to receive a discount of 10% on your locker rentals under this scheme.
- Baroda Salary Classic: This scheme is suitable for you if you are working at an entry level or a trainee in a company and your monthly salary is Rs.10,000 and less than Rs.50,000. Under this scheme you are eligible to receive an accidental death insurance cover along with 25% on the processing charge for housing loan, auto loan, education loan, mortgage loan, or a personal loan from Bank of Baroda.
- Baroda Advantage Savings Account: Baroda Advantage Savings Account zero-balance savings account for both salaried and self-employed individual. The customer can enjoy various features of this savings account and will also receive a debit card, cheque book, and a passbook. The lender pays all the interest on all the savings account, and I calculated daily. The interest is then transferred to your account on a quarterly basis.
- Baroda Champ Account: This savings account scheme can be availed by students between the age 0 year and 18 years. A low quarterly average balance of Rs.1,000 has to be maintained and the account can be used to pay the school fee and no charges are levied by the lender. The demand draft and NEFT/IMPS facility are free per month for the payment of school fee of up to Rs.1 lakh. There is no issuance charge levied on the issuing of debit cards, though renewal charges will be applicable. Students can avail the internet and mobile banking facility after the age of 15 years.
- Baroda Government Bodies SB Account: This savings account can be availed by self-help groups mainly by to variants - General Self-Help Group, and Self-Help Group for Women Empowerment. A minimum balance of Rs.1,000 must be maintained in order to avail the benefits of this savings account scheme.
- Baroda SB Self-Help Group: This savings account can be availed by self-help groups mainly by to variants - General Self-Help Group, and Self-Help Group for Women Empowerment. A minimum balance of Rs.1,000 must be maintained in order to avail the benefits of this savings account scheme.
- Baroda Platinum Savings Account: Under this account, no charges are levied in case cash is deposited at the base branch. You can withdraw cash of up to Rs.1 lakh in a day at an ATM. The purchase limit for a day is Rs.2 lakh. SMS and email alerts are given at no additional cost. You can transfer money via Immediate Payment System (IMPS)/ National Electronic Fund Transfer (NEFT)/ Real Time Gross Settlement (RTGS) at no additional cost.
- Salary and Pension Solutions for Indian Military Personnel: Depending on the officer's rank, a Silver, Gold, Diamond, or Platinum account may be provided. In case you opt for a home loan, the processing fee will be waived. Overdraft facility and Personal Accident Insurance (free of cost) will be provided.
Other Banks offering Savings Account in India
Kotak Mahindra Bank Savings Account
Eligibility for Bank of Baroda Savings Account:
Type of Account | Eligibility | Income |
Baroda Savings Advantage Account | All resident individuals (including minors above 10 years) | - |
Baroda Champ Account | 0-18 years | - |
Baroda Mahila Shakti Saving Account | Women above 18 years of age | - |
Baroda Senior Citizen Privilege Saving Account | 60 years and above | - |
Baroda Salary Premium | - | Rs.1 lakh but less than Rs.2 lakh |
Baroda Salary Privilege | - | More than Rs.2 lakh |
Baroda Salary Super | - | Rs.50,000 to Rs.1 lakh |
Baroda Salary Classic | - | Rs.10,000 to Rs.50,000 |
Salary and Pension Solutions for Indian Military Personnel | Indian Military Personnel | |
Baroda Govt Bodies SB Account | Government agencies/bodies/departments | - |
Baroda SB Self Help Group | Self Help Group General and Self Help Group - Women Empowerment | - |
Documents Required for Bank of Baroda Savings Account
Applicants will be asked to submit the following documents when opening a Bank of Baroda Savings account.
- Duly filled application form
- Passport size photographs
- Introduction as per bank norms.
- IT declaration
- ID and address proof like Permanent Account Number (PAN) card, voter card, passport, driving license etc.
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FAQs on Bank of Baroda Savings Account
- What is the primary benefit of mobile banking bob World?
The primary advantage of using mobile banking bob World is that it enables you to easily access over 220 banking services from your mobile phone, 24/7, through a convenient platform.
- Can an NRI become a savings account nominee?
It is possible for an NRI to become a savings account nominee, provided that they comply with the prevailing regulations on change control.
- Do NRI customers have access to the mobile banking facility?
NRI customers can utilize mobile banking and conduct transactions as long as they adhere to the guidelines set forth by the Reserve Bank of India.
- Does BoB allow the opening of a zero-balance account?
It is possible to open a zero-balance account in BoB. Several examples of zero balance savings accounts offered by BoB are Baroda Salary Premium Account, Baroda Super Salary Account, Baroda Champ Account, and Baroda Salary Privilege.
- What is the limit to open the number of savings accounts in BoB?
There is no upper limit to the number of savings accounts that you can open in the Bank of Baroda. This is intended to allow customers to access various services through the same bank, as not all features are accessible with every account.
- Can I open a Bank of Baroda savings account in a different city than the one I live in?
In the event that you want to open a Bank of Baroda savings account in a city other than your current location, you must provide evidence of your address in that city. This verification can be completed using your Voter ID card, Aadhaar card, driving license, or passport.
- Is it compulsory to provide a mobile number while opening a Bank of Baroda savings account?
Although it is not compulsory to provide your mobile number when opening a Bank of Baroda savings account, it is advised to do so. Registering your mobile number at the time of opening the account allows you to receive banking services and updates through it. Furthermore, if you opt not to provide your mobile number, you will not be able to access mobile banking, net banking, or SMS banking.
- Do I need to link my Aadhaar card to my bank account?
If you plan on receiving government subsidies in your savings account, you must connect it to your Aadhaar card. To learn how to complete the process of linking your bank account with your Aadhaar, please click here.
Karishma VP has over a decade of experience in content writing which includes over five years specializing in personal finance. Her career in BankBazaar has given her the opportunity to write on a wide variety of financial products ranging from credit cards and home loans to insurance policies and government schemes. She believes that an understanding of personal finance is an important step to leading an independent, empowered life. This has led to her being passionate about learning more about the BFSI sector and writing about personal finance as clearly, concisely, and accurately as possible to make it accessible to a larger audience through BankBazaar.
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