Baroda Salary Premium

A salary account
that is worth recognition

Baroda Salary Premium

Eligibility & Benefits Baroda Salary-Premium
Salary Band Net Monthly Salary credit between 1.00 lakh and less than 2.00 lakh
Suitable For Higher Management
Relationship Manager Relationship Managers available on call
Overdraft Facility Available immediately after first salary cred it. Maximum- Rs.2.00 lacs.
Waiver in processing charges on retail loans 75 % waiver on processing charges for Housing Loan, Auto Loan, Education Loan and Mortgage Loans. 100% waiver in Processing charges for Personal Loan
Credit card life time free Baroda Premier Credit Card with 5x reward points
Discount on Depository Services / Demat AMC Waiver of 100% in charges
Insurance Accidental Death Insurance Cover
Lockers Discounted rate on locker rentals.
Other Benefits Free Alerts.

Complimentary Zero Balance Account for spouse.

Sweep facility available on specific request

75% waiver on issuance charges for Gift/Travel card

Baroda Rewardz Program.
  • Inbuilt Overdraft facility, limits ranging from Rs 50,000.00 to Rs 3.00 lacs according to salary band (application form and guidelines for granting overdraft enclosed)
  • Discounts on locker rentals, Demat AMC, Debit card issuance and renewal fee and issuance fee of prepaid cards.
  • Free remittance facility – RTGS/NEFT/IMPS
  • Waiver on processing charges on retail loans.
  • Discounts on issuance of DD/BC
  • Different variants of debit cards available specific to each scheme with issuance fee waived for first year
  • Lifetime free credit cards (Easy/Select/Premier) according to salary bands. (Branch to super scribe the salary scheme on Credit Card Application form for customer to avail benefit of fee waiver)
  • Free insurance facility linked to credit card.
  • RM on call for privilege and premium segment.

Baroda Salary Premium (SB176) - Net monthly salary above Rs 1.00 lac to Rs 2.00 lac

Salary Band

Net Monthly Salary credit between Rs 1.00 lakh and less than Rs 2.00 lakh

Eligibility

Age of the applicant should be 18 years and above

Suitable for

Middle Management

KYC Norms

Aadhar is must as KYC to open account under the scheme.One proof of Address and Proof of Identity is required.

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 100 cheque leaves per year, thereafter Rs. 5.00 per leaf.

Interest Payable in SB

3.5% for balances upto Rs 50.00 lacs and 4% for balances above 50.00 lacs.

Remittance

NEFT/RTGS free for online & through branch

Inbuilt- Overdraft Facility

  • Available immediately after first salary credit.
  • Amount of overdraft equivalent to net credit of first salary rounded off to nearest figure in thousands.
  • Maximum- Rs.2.00 lacs.
  • Clean Overdraft.
  • Overdraft is to be adjusted in full once in 60 days of availment of the same.

Demand Draft/Banker's Cheque

Five DD/BC free per quarter for personal use.Maximum Amount Rs 300000/- Per Quarter

Internet Banking/Mobile Banking

Free

Debit Card

Free Rupay Platinum Debit Card for first year,thereafter chargeabe @ 150+taxes per year. Daily Cash Withdrawal limit Rs 50000.00 and Online Purchase limit is Rs 100000.00

Inbuilt Accidental Insurance of Rs 2.00 lac.Attractive offers linked to Debit card card .

ATM Withdrawals

  • Free unlimited transactions at Bank of Baroda ATMs
  • Other Bank ATM- 5 free transactions per calendar month.

Waiver in Processing Charges on Retail Loans

  • 75 % waiver on processing charges for Housing Loan, Auto Loan, Education Loan and Mortgage Loans. 100% waiver in Processing charges for Personal Loan
  • Subject to recovery of minimum Rs. 7500.00 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 100% in charges,

Credit Card

Free lifetime Premier variant of credit card subject to eligibility critirieon of minimum income of Rs 60000/month and signing of auto debit mandate for debit of minimum due amount on card from salary account.

*Insurance Only for Primaary Card Holder* ( Insurance linked to credit card)

Compementary Air Accidental Insurance of Rs 50.00 lac and other accidental insurance cover of Rs 10.00 lacs .

Lockers

15% discount on locker rentals.

Other Benefits

  • Free Alerts.
  • Sweep facility availaible on specific request.
  • 75% waiver on issuance charges for Gift/Travel card
  • Free M connect
  • Baroda Rewardz Program.

Relationship Manager

Relationship Managers available on call.

A/c Opening

Fully Digitised

A/c Activation

Instant

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