Baroda Salary Privilege

A salary account that
equals as status

Baroda Salary Privilege

Eligibility & Benefits Baroda Salary-Privilege
Salary Band Net Monthly Salary credit more than 2.00 Lakh
Suitable For Top Management
Relationship Manager Relationship Managers available on call
Overdraft Facility Available immediately after first salary credit. Maximum- Rs.3.00 lacs.
Waiver in processing charges on retail loans 100 % waiver on processing charges for Housing Loan, Auto Loan, Education Loan, Mortgage Loans and 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 Privilege (SB177 ) - Net monthly salary more than Rs 2.00 lacs

Salary Band

Net Monthly Salary credit more than Rs 2.00 lakh

Eligibility

Age of the applicant should be 18 years and above

Suitable for

Top 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 150 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.3.00 lacs.
  • Clean Overdraft.
  • Overdraft is to be adjusted in full once in 60 days of availment of the same.

Demand Draft/Banker's Cheque

Six DD/BC free per quarterfor personal use.Maximum Amount Rs 500000/-

Internet Banking/Mobile Banking

Free

Debit Card

Free VISA Platinum Debit Card for life. Daily Cash Withdrawal limit Rs 100000.00 and Online Purchase limit is Rs 200000.00, 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

  • 100 % waiver on processing charges for Housing Loan, Auto Loan, Education Loan, Mortgage Loans and 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 Premier 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

20% 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

RM with wealth management advisory services.

A/c Opening

Fully Digitised

A/c Activation

Instant

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