I had a savings account in the Bank of Baroda, and I haven't been using it for quite some time. Recently, I checked the account balance, and it showed me that it was Negative. I called the bank and enquired about it, and the executive told me that the negative balance was because I hadn't been maintaining the minimum amount. I asked the executive about the BOB minimum balance
What is the Bank of Baroda Minimum Balance for Savings Account?
He told me that the Bank of Baroda savings account minimum balance, also known as the Quarterly Average Balance, is
| Area | Amount |
Rural |
Rs. 500 |
Semi Urban |
Rs. 1000 |
Urban/ Metro |
Rs. 2000 |
After providing me with this information, he told me that if I don't want to maintain a minimum balance, then I can close the account and open a Zero balance account. After that, he told me about the benefits of zero-balance accounts.
The minimum balance needed to be maintained is zero.
There is no upper limit on the amount of money that you can save in the account.
Free unlimited ATM transactions.
Internet banking and mobile banking is also available.
He also told me that if I want to open a Zero balance account, then I can visit the bank’s official website and follow the necessary steps to complete the process.
And that’s about it. I hope this information about what is minimum balance in Bank of Baroda has been helpful.
Get Max Funding on Availing Home Loan through NoBroker Home Loan Service Read MoreWhat Happens if Minimum Balance is not Maintained?
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Authors Of The Question
What is Minimum Balance in Bank of Baroda?
Khushi
92 Views
1 Answers
7 months
2024-05-24T11:27:13+00:00 2024-05-24T11:27:13+00:00Comment
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