Bank of Baroda Current Account

With this account variant, the users get the cash deposit limit of up to Rs.50,000 free per day. The users get the added privilege of unlimited free cheque books and free debit card for first year.

Primary Features	Charges
Minimum Quarterly Average Balance (AQB)	Rs.75,000
Non-maintenance of balance	Rs.600 + Service Tax (any area)
Cash Deposit (base / local non-base branch)	Up to Rs.50,000 free per day
Cash Withdrawal (base branch)	No upper limit
Cheque Book	Unlimited free cheque books
Account Statement	Twice a month, free of cost
Account Closure	Rs.600 + GST (for closure within 1 year)
Debit Card & Charges	Free debit card for 1st year, then Rs.150 + GST per annum

Eligibility Criteria

This account variant can be opened by an individual, proprietorship and partnership firm, limited company and even a limited liability partnership etc.

This account variant provides users with the added advantage of unlimited free cheque books and can ask for the account statement twice a month, free of cost.

Primary Features	Charges
Minimum Average Quarterly Balance (AQB)	Rs.2.5 lakh
Non-maintenance of balance	Rs.1000 + GST (any area)
Cash Deposit (base / local non-base branch)	Up to Rs.50,000 free per day
Cash Withdrawal (base branch)	No upper limit
Cheque Book	Unlimited free cheque books
Account Statement	Twice a month, free of cost
Account Closure	Rs.600 + GST (for closure within 1 year)
Debit Card & Charges	Free debit card for 1st year, then Rs.150 + GST per annum

Eligibility Criteria

This account is ideal for customers with medium to large businesses and can be opened by all.

The account comes with the requirement of low average quarterly balance. Plus there is no upper limit on the cash withdrawal limit and the users can get free account statement once a month, free of cost.

Primary Features	Charges
Minimum Average Quarterly Balance (AQB)	Rs.2500
Non-maintenance of balance	Rs.300 + GST per quarter
Cash Deposit (base / local non-base branch)	Up to Rs.50,000 free per day
Cash Withdrawal (base branch)	No upper limit
Cheque Book	First 50 cheque leaves free
Account Statement	Once a month, free of cost
Account Closure	Rs.250 + GST (for closure within 1 year)
Debit Card & Charges	RuPay Classic Card- Free for 1st year, then Rs.150 + GST per annum

Eligibility Criteria

This account variant can be opened by small businesses (i.e. individuals, proprietorship & partnership concerns only). Account is available in Metro & Urban centers only.

The customers get a free debit card for 1st year plus the first 50 cheque leaves free. The users have the free cash deposit limit of up to Rs.50,000 per day.

Primary Features	Charges
Minimum Average Quarterly Balance (AQB)	Metro: Rs.10,000 Semi-Urban / Rural: Rs.2000
Non-maintenance of balance	Metro: Rs.800 Semi-Urban / Rural: Rs.400
Cash Deposit (base / local non-base branch)	Up to Rs.50,000 free per day
Cash Withdrawal (base branch)	No upper limit
Cheque Book	First 50 cheque leaves free
Account Statement	Once a month, free of cost
Account Closure	Rs.250 + GST (for closure within 1 year)
Debit Card & Charges	Free debit card for 1st year, then Rs.150 + GST per annum

Eligibility Criteria

This current account product offers a wide range of benefits to both rural and urban customers and can be opened by all.

This account variant is the zero balance current account provided by Bank of Baroda. There is no upper limit on the cash withdrawal limit plus the users can get a free account statement twice a month.

Primary Features	Charges
Minimum Average Quarterly Balance (AQB)	Initial balance: Zero (after 2 years, minimum of Rs.75,000 QAB to be maintained)
Non-maintenance of balance	Rs.1000 + GST per quarter
Cash Deposit (base / local non-base branch)	Up to Rs.50,000 free per day
Cash Withdrawal (base branch)	No upper limit
Cheque Book	NA
Account Statement	Twice a month, free of cost
Account Closure	Rs.600 + GST (for closure within 1 year)
Debit Card & Charges	NA

 Eligibility Criteria

A private limited company or a registered partnership firm or a limited liability partnership are eligible to open this current account variant.

The account provided the customers with the leniency of not maintaining the minimum quarterly balance for up to 1 year. The users the avail added facilities like free fund transfer, unlimited free cheque books and more.

Primary Features	Charges
Minimum Average Quarterly Balance (AQB)	No commitment on maintaining minimum quarterly balance up to 1 year
Non-maintenance of balance	NA
NEFT / RTGS / IMPS	Free transactions
Internet Banking	Free Baroda Connect
Cheque Book	Unlimited free cheque leaves
Account Statement	Twice a month, free of cost
DD / Bankers Cheque	Free
Credit Card & Charges	Complimentary credit card, free for first year

Eligibility Criteria

A private limited company or a registered partnership firm or a limited liability partnership with last year turnover of more than Rs.25 crore are eligible for opening this variant.

This product does not require the users to maintain any minimum balance in the account. The users can avail added facilities like free internet banking, immediate credit of outstation cheques, free monthly statements and more. 

Primary Features	Charges
Minimum Balance	Nil
Maximum Balance	No limit
Monthly Statements	Free (once a month)
Folio Charges	Free (if minimum QAB maintained is Rs.1 lakh)
Internet Banking	Free Baroda Connect
Cheque Book	Free 1st cheque book of 50 leaves
Credit of outstation cheques	Immediate (Up to Rs.20,000)
Other facilities	BCMS and IPG facility available

Eligibility Criteria

This account variant can only be opened by Life and General Insurance companies.

There is no limit on the maximum balance to be maintained in the account. The users can get free monthly account statements, free internet banking, free folio charges, free and immediate credit of outstation cheques and more.

Primary Features	Charges
Minimum Balance	Rs.5000
Maximum Balance	No limit
Monthly Statements	Free (once a month)
Folio Charges	Free (if minimum QAB maintained is Rs.1 lakh)
Internet Banking	Free Baroda Connect
Cheque Book	Free 1st cheque book of 50 leaves
Credit of outstation cheques	Immediate (Up to Rs.20,000)
Other facilities	BCMS and IPG facility available

Eligibility Criteria

This particular account can be opened by any scheduled commercial bank which is included in the second schedule of RBI Act 1934.

Any person competent to contract may open an account in his or her name. The customer may not open more than one such account. Bank of Baroda Current Account may be opened in the names of 2 or more people and may be made payable to:

• • Any 1 or more of them
  • Any 1 or more of the survivors
  • Either or anyone or more of them or the survivors jointly, or survivor
  • ‘Former or Survivor’ or ‘latter or Survivor’ 

The Current Accounts can be opened for sole proprietorship firms, partnership firms, private limited and public limited companies, HUFs, trusts, clubs, associates etc. satisfactorily introduced to the bank and on fulfilling certain laid down procedures and adhering to all the requirements. Accounts can also be opened by minors of age 14 years and above (if able to read and write in their sole names).

• For opening a Current Account in Bank of Baroda, the users need to submit the account opening form, to the bank authorized officer. All signatories are required to come to the bank in person to sign the account opening form

• The applicant is required to fill all the columns of the application form. Also, the applicant will be required to sign a declaration which needs to be read and accepted

• A recent passport size photograph of every account holder, 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
• The account should be introduced by an existing current or cash credit account holder having minimum 6 months old satisfactorily & actively conducted KYC complied account with Bank of Baroda

The users have the option of downloading the account opening form online. Follow the below mentioned steps for current account opening:

Step 1: Visit the official website of Bank of Baroda.

Step 2: Go to the “Download Forms” section given in the footer.

Step 3: In the newly opened page, Click on “Deposit Products” section.

Step 4: In the drop down menu, Select “Current Account” and download the PDF of account opening form.

Step 5: Take a print of Bank of Baroda account opening form.

Step 6: Fill the form will all the required details and submit the duly filled form along with all the required KYC acceptable documents, at the nearest bank branch.

Following is the list of documents required for Bank of Baroda Current Account opening. It is to be noted that apart from the below given list of KYC acceptable documents, the bank might ask for other documents if required.

List of Documents Required

PAN Card Partnership Deed (in case of Partnership Firm) Certificate of Incorporation, MOA & AOA (in case of Companies) Certificate by Sales Tax or Service Tax authorities (in case of Proprietorship Firm) Address Proof of the Firm / Company / HUF ID Proof and Address Proof of all directors / partners A cheque for opening bank account Photograph

Also any one from the below mentioned list of ID and Address Proof needs to be submitted along with the account opening form.

ID Proof

Passport PAN Card Driving License Voter ID Card Aadhaar Card Employee Identity Card (in case of government employees)

Address Proof

Rent Agreement Bank Statement Voter ID Card Ration Card Passport Driving License Utility Bills (water, electricity etc.)

Q. Who can open Bank of Baroda current account?

A. An individual, proprietorship and partnership firm, limited company and even a limited liability partnership can open a current account. 

Q. What is the minimum balance requirement for a current account?

A. The Bank of Baroda minimum balance requirement varies from one account type to another. 

Q. What are the major advantages of opening a Current Account?

A. With a current account, the users can carry out large value transactions in a single day. The account holders also access several banking services free of charge, depending on the type of current account.

Q. How many transactions are free of charge in Bank of Baroda?

A. Bank of Baroda debit cardholders can make up to 3 transactions free of charge, every month.