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Baroda Salary Classic Account

The document describes the features and terms of the Baroda Salary Classic Account. It offers an overdraft facility up to Rs. 50,000, discounts on various fees, free NEFT/RTGS transfers online, and waiver on processing charges for retail loans. Key eligibility requirements include a minimum monthly salary credit of Rs. 10,000 and net monthly salary less than Rs. 50,000. The account has zero minimum balance and provides benefits such as free debit card for the first year and three free DD/BCs per quarter up to Rs. 100,000.

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79 views3 pages

Baroda Salary Classic Account

The document describes the features and terms of the Baroda Salary Classic Account. It offers an overdraft facility up to Rs. 50,000, discounts on various fees, free NEFT/RTGS transfers online, and waiver on processing charges for retail loans. Key eligibility requirements include a minimum monthly salary credit of Rs. 10,000 and net monthly salary less than Rs. 50,000. The account has zero minimum balance and provides benefits such as free debit card for the first year and three free DD/BCs per quarter up to Rs. 100,000.

Uploaded by

Sajid Navy
Copyright
© © All Rights Reserved
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Download as PDF, TXT or read online on Scribd
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Baroda Salary Classic Account : Features

 Overdraft Facility
a. Maximum – Rs 50000

 Discounts on locker rentals, demat AMC, debit card issuance and renewal fee and issuance
fee of prepaid cards.

 NEFT /RTGS free through online channel.

 Waiver on processing charges on retail loans.

 Three DD /BC free per quarter for personal use Maximum amount Rs 100000/- per quarter.

 Free lifetime Easy variant of Credit card subject to eligibility criterion of minimum income
of 25000 /month and signing of auto debit mandate for debit of minimum due amount on
card from salary account.

 Complementary Air Accidental Insurance of 15 lac and other accidental insurance cover of
5 lacs (Insurance linked to credit card)

 Debit Card Variant & Annual Fee


a. Free Baroda Rupay Classic Debit Card for first year, thereafter chargeable @ Rs 150+
applicable taxes per year.
b. Daily Cash Withdrawal limit Rs 25000 and Online Purchase limit is Rs 50000.
c. Inbuilt Accidental Insurance of Rs 1 lac.
d. Attractive offers linked to Debit card cards.

 Relationship Managers available on phone.

Baroda Salary Classic Account : Most Important


Terms and Conditions (MITC)
Salary Band

 Net monthly salary credit of less than Rs. 50,000/-.

 Minimum salary credit Rs. 10,000/-.

Eligibility

 Age of the Accountholder should be 18 Years and above.


Suitable for

 Entry level staff/trainees.

Minimum Deposit Amount

 Allowed to open with Zero Balance subject to immediate salary credit in the following month.

Minimum Quarterly Average Balance QAB

 Zero Balance Account

Charges for Non-maintenance of QAB

 Not applicable as account type is Zero Balance account.

Cheque Books

 Free 50 cheque leaves per year, thereafter Std. Charges will be levied.

Remittance

 NEFT/RTGS free through online channel.

Inbuilt Overdraft Facility

 Available immediately after 3 salary credits.

 Amount of overdraft equivalent to the net credit of average of last three salary credit rounded off
in multiples of the nearest figure in thousand.

 Maximum: Rs. 50,000/-.

 Clean overdraft.

 Overdraft is to be adjusted in full once in 60 days of availing the same.

Demand Draft/Banker's Cheque

 Three DD/BC free per quarter for personal use. Maximum amount Rs. 1 lakh per quarter.

Debit Card

 Free Baroda Rupay Classic Debit Card for the first year, thereafter Std. Charges will be levied.

 Daily Cash Withdrawal limit is Rs. 25,000/- and online purchase limit is Rs. 50,000/-.
Waiver in Processing Charges on Retail Loans

 25 % waiver on processing charges for housing loan, auto loan, education loan and mortgage
loans. 100% waiver in processing charges for personal loan.

 Subject to the recovery of minimum Rs. 7,500 per property* to be mortgaged as out-of-pocket
expenses (for legal, valuation etc.).

* Applicable on mortgage based Retail Loans.

Concession in Rate of Interest for Auto Loans

 For the employees who has availed home loan, a concession of 0.25% in applicable ROI of Auto
Loan.

Discount on Depository Services/Demat AMC

 Waiver of 50% in charges.

Lockers Charges

 5% discount on locker rentals.

Other Benefits

 Free alerts.

 Sweep facility available on specific request.

 25% waiver on issuance charges for gift/travel card.

 Bob World Mobile Banking Application with 225+ Services

Relationship Manager

 Relationship managers available on phone.

A/c Opening

 Fully digitised

A/c Activation

 Instant

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