BOB Salary Account – Features, Eligibility & Employee Benefits

Key Insights
 

1. You can open a salary account in Bank of Baroda with a minimum salary of ₹10,000 and a maximum limit.
    
2. Bank of Baroda's salary account provide accident coverage.
    
3. You can open a salary account online or offline with Bank of Baroda.

Bank of Baroda provide a salary account to our customers. Since you don’t need to maintain a minimum balance, you don’t need to pay any fees for the Bank of Baroda Salary Account.

Bank of Baroda provides you with seamless transactions, personalised services and access to a wide range of ATMs and BOB Branches.

You can start hassle-free banking and maximise your earnings through the Bank of Baroda Salary Account.

This blog covers the types of salary accounts, their key features, eligibility criteria, and more.

Types of Bank of Baroda Salary Account

The Bank of Baroda offers four types of salary accounts, all of which are beneficial to customers due to the absence of maintenance charges for zero-balance accounts.

Here is the list of the Bank of Baroda Salary Account.
 

These are salary accounts provided by the Bank of Baroda, which help you earn more on your earnings with a zero balance account.

Bonus Tip: Do you know? If you are from the defence services, such as the Indian Army, the Indian Air Force, the Indian Navy, and the Indian Coast Guard, you can open your salary account. 

Key Features and Benefits of Bank of Baroda Salary Account

The Bank of Baroda offers several benefits that can enhance your daily life. You can apply online for the salary account through the Bank of Baroda Website.

Here is a list of the benefits of the Bank of Baroda salary account.
 

The Bank of Baroda offers these exciting benefits from a salary account, which help you live your life freely. 

Bank of Baroda Salary Account Interest Rates

Bank of Baroda Salary Account Eligibility Criteria

There are specific eligibility criteria for opening a salary account with Bank of Baroda.

Here is the list of eligibility criteria for the Bank of Baroda salary account.
 

• You must be at least 18 years old to open an account. If you are a minor, you can open an account with a parent or guardian as the account holder.
   
• You need to be an Indian citizen.
   
• Please provide valid proof of identity and address, your PAN card, and a recent salary slip.

These are the eligibility criteria for the Bank of Baroda salary account.

Required Documents for Bank of Baroda Bank Salary Account

Specific documents are required to be submitted when opening a Bank of Baroda salary account.

Here is the list of documents required by the Bank of Baroda for the salary account.

• Passport
   
• Driving license with photo
   
• Proof of possession of Aadhaar Number
   
• Voter’s Identity Card issued by the Election Commission of India,
   
• Job card issued by NREGA, duly signed by an officer of the State Government.
   
• A letter issued by the National Population Register containing details of Name and Address.

You can be required to provide these documents when applying for a Bank of Baroda Salary Account.

How to Open a Bank of Baroda Salary Account

You can open a salary account with Bank of Baroda through both offline and online processes.

Here is the online and offline process of the Bank of Baroda salary account.

How to open a regular savings account online
 

• Visit the official website of the Bank of Baroda Salary Account.
   
• Go to the "Accounts" section and choose "Open Account."
   
• Enter your contact details and verify your identity using your PAN and Aadhaar numbers.
   
• Finish the video KYC process. You will need your PAN card, Aadhaar card, and a handwritten signature.
   
• After your account is verified, the bank will share your account details so you can begin banking.

How to open a salary or regular account in person
 

• Go to your nearest Bank of Baroda branch.
   
• Ask for the account opening form and fill in your personal details.
   
• If you are opening a salary account, your employer will usually give you a form to fill out and return. They will then send it to the bank for you.
   
• Give self-attested copies of your ID and address proof, such as Aadhaar and PAN cards, along with a recent photo.
   
• Hand in the completed form and documents to the bank staff, and include any required initial deposit.
   
• Your account will be opened once the bank staff have verified your details.

These are the processes you can use to open a Bank of Baroda salary account.

Difference Between Bank of Baroda Salary Account and Savings Account

There are some key differences between the Bank of Baroda Salary Account and the Savings Account.

Here is the key difference.
 

These are the primary key differences between a salary account and a savings account.

Conclusion

The Bank of Baroda offers an overdraft facility that can be utilised in emergencies. The Bank of Baroda offers exciting features that help you grow your money with zero effort. You can apply for a Bank of Baroda Salary Account online or offline. 

FAQS

Does the Bank of Baroda offer a free debit card with a zero-balance account?

Yes, most zero-balance accounts include a free RuPay debit card. Premium debit cards, though, might have an issuance or annual fee.

What is the minimum balance in a BOB salary account?

Most Bank of Baroda salary accounts are zero-balance, so you don’t have to keep any minimum balance.

What are the benefits of a salary account in Baroda?

A Baroda salary account offers benefits such as no minimum balance, unlimited free transactions, free insurance, discounts on locker rentals and loans, and special deals on credit cards and overdraft facilities.

Can I open a BOB account with a zero balance?

You can open a BOB LITE Savings Account, a B3 Silver Account, or a Bank of Baroda salary account without having to maintain a minimum balance.
 

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‘Simplify Finance for Everyone.’ This is the common goal of our team, as we try to explain any topic with relatable examples. From personal to business finance, managing EMIs to becoming debt-free, we do extensive research on each and every parameter, so you don’t have to. Scroll up and have a look at what 15+ years of experience in the BFSI sector looks like.