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Open bob Diamond Current Account and get attractive benefits.

bob DIAMOND Current Account

Ideal for Elite Business man, E Commerce Company and Large Traders, this Current Account offers a number of free services and benefits such as Monthly statement, BCMS, POS, IPG, Sound box, BHIM etc.

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Benefits
Features
Eligibility Criteria
Documents Required
Fees & Charges
Most Important Terms & Conditions (MITC)

bob DIAMOND Current Account : Benefits

bob DIAMOND Current Account : Features

Folio Charges - free
Collateral Free OD limit available*
Balance Certificate - free
Signature Verification - free
Free Monthly statement - free
Debit card - VISA Vyapaar DI Debit Card
Free Credit card (subject to eligibility)*
Debit card Issuance Charge & Renewal Charges - Nil
100% Discount on Auto Loan Processing Charges*
100% Discount on Retail Loan (Home, Auto, Education, Mortgage Loans) Processing Charges*
Avail BCMS, IPG, POS, QR, Soundbox, BHIM facilities
Internet Payment Gateway (IPG) facility available
Free Baroda Connect (Internet Banking) - free
Discount on Demat Services - Discount on Annual Custody / Maintenance Charges for Individual Demat Accounts to Proprietors, Partners, Promoters, Directors, and up to 2 authorized signatories of the Current Account as per Constitution.
Auto and reverse sweep facility enabling current account holders to earn interest

bob DIAMOND Current Account : Eligibility Criteria

All Individuals including Minors of age 14 years and above.
Registered & Un-registered Trust.
Businessman and professionals.
Hindu Undivided Family (HUF).
Proprietorship / Partnership firms.
Private / Public Ltd Cos.
Clubs & Association.
Government Departments.
Panchayat Samities.
Charitable & Public Trusts.
Registered & unregistered Societies.
Banks and Financial Institutions.

bob DIAMOND Current Account : Documents Required

Accounts of Companies	Certificate of Incorporation
	Memorandum & Articles of Association.
	PAN No. of the Company
	Resolution of the Board of Directors and Power of Attorney granted to its managers, officers or employees to transact on its behalf; and
	Any one of the OVDs and PAN/FORM60 of the managers, officers or employees, as the case may be, holding an attorney to transact on its behalf with his / her photograph
Accounts of Sole Proprietary firms.	(Any two of the following documents to be obtained)
	Registration Certificate
	Certificate/ license issued by the municipal authorities under Shop & Establishment Act,
	Sales and income tax returns,
	CST/ VAT/GST Certificate (Provisional/Final),
	Certificate / registration document issued by Sales Tax / Service Tax / Professional Tax authorities.
	IEC (Importer Exporter Code) issued to the proprietary concern by the office of DGFT or License/ certificate of practice issued in the name of proprietary concern by any professional body incorporated under statute
	Complete Income Tax return (not just the acknowledgement) in the name of Sole Proprietor where the Firm's income is reflected, duly authenticated/ Acknowledged by the Income Tax Authorities.
	Utility bills such as electricity, water, and landline telephone bills in the name of the proprietary concern. In case where the branches are satisfied that it is not possible to furnish two such documents from the above list, they would have the discretion to accept only one of those documents as activity proof. In such cases, the branches would have to undertake contact point verification, collect information to establish the existence of such firm, confirm, and satisfy itself that the business activity has been verified from the address of the proprietary concern.
	AND
	Any one of the OVDs along with PAN/ FORM60 of the proprietor.
Accounts of Partnership firms. (Registered)	Registration certificate,
	Partnership deed; and
	PAN No. of the Partnership Firm,
	Any one of the OVDs and PAN/ FORM60 of the person holding an Attorney to transact on its behalf with his/ her photograph
Accounts of Trusts	Registration Certificate
	Trust Deed
	PAN/ FORM60 of Entity
	Any one of the OVDs and PAN/FORM60 of the person holding an Attorney to transact on its behalf with his/her photograph.
Accounts of Unincorporated Associations or body of individuals includes unregistered	Resolution of the Managing body of such association or body of individuals;
	PAN/ FORM60 of Unincorporated Associations or body of individuals
	Power of Attorney granted to transact on its behalf;
Partnership firm/ trusts and societies.	Any one of the OVDs and PAN/ FORM60 of the Office bearers / Signatories and persons holding Power of Attorney, if any with his/her photograph in respect of the person holding an Attorney to transact on its behalf;
	Any one of the below mentioned list of documents to collectively establish the legal existence of such an associations or body of individuals.
	Partnership Deed/ Trust Deed/ Bye Laws
	Certificate/ license issued by the municipal authorities under Shop & Establishment Act,
	Sales Tax Returns,
	CST/ VAT/ GST certificates (Provisional/ Final)
	Certificate/ registration document issued by Sales Tax/ Service Tax/ Professional Tax authorities.
	License/ certificate of practice issued in the name of proprietary concern by any professional body incorporated under statute.
	Complete Income Tax return (not just the acknowledgement) in the name of Sole Proprietor where the Firm's income is reflected, duly authenticated/ Acknowledged by the Income Tax Authorities.
	Utility bills such as electricity, water, and landline telephone bills in the name of the concerns.
Accounts of Hindu Undivided Family	PAN Card of HUF.
	Declaration from the Karta.
	HUF Letter/ Declaration signed by all the coparcener and Karta.
	Any one of the OVDs and PAN/ FORM60 of the Karta with his / her photograph
Accounts of the Government or its Departments, societies, universities and local bodies like village panchayats etc.	Document showing name of the person authorized to act on behalf of the Government or its Departments, societies, universities and local bodies like village panchayats;
	Any one of the OVDs and PAN/FORM60 of the person holding an attorney to transact on its behalf and
	Any document to establish the legal existence of such an entity/ juridical person.
Account of Political Parties	Duly signed resolution of the working committee/ managing body as per bye- laws indicating details of the party president/ authorized signatory, tenure etc.
	PAN of the Political Party
	Power of Attorney granted to transact on its behalf;
	Duly authenticated copy of Constitution/ Bye laws of the Party
	Duly authenticated copy of Registration of Party with election commission
	Authority letter, on party letter head, from Party president/ Authorized signatory as per Bye-laws for opening of account mentioning address of the State Unit, Title of Account and operating instructions for authorized signatory with attestation of their signature and photograph.
	Any one of the OVDs and PAN/ FORM60 of the Office bearers / Signatories and persons holding Power of Attorney, if any with his/her photograph in respect of the person holding an Attorney to transact on its behalf;

bob DIAMOND Current Account : Fees & Charges

Monthly Average Balance (MAB) Requirement

₹ 50,00,000

Charges for Non-Maintenance of Monthly average Balance

MAB	charges
Less than ₹ 25 lacs	₹10,000
More than ₹ 25 Lacs	₹6,000

Cash Deposit / Handling Charges

No charges upto ₹ 5.00 Crore at any of the Branch

Free Cash Withdrawal at Base Branch, Local Non Base and Outstation Branch (excluding ATM withdrawals)

100 Transactions per Month Beyond that charges of Rs. 150/- per transaction.

Cheque Book

Free Unlimited Cheque Book

Transfer/ Closure of Accounts

A/c can be transferred/ closed at the written request of customers only. New cheque book will be issued to him. No charges required for transfer of an account. For closure of Current account within one year @ Rs.800/-+GST will be deducted.

Charges for Standing Instructions:

Within the Bank - Not chargeable Outside bank - Rs 50/- per transaction plus applicable remittance charges in case of credits for outside the branch whether in same city or other cities i. e in other Branches / Offices such as LIC etc. plus actual postage charges

Total limit on Immediate Credit of Outstation Cheque (at any point of time)

₹ 1,50,000/-

Outward Cheque Return Charges (No. of Cheques p.a.)

Unlimited

Monthly Charges Waiver of Soundbox

100% waiver of monthly Rental Charges, subject to a minimum transaction by each Soundbox Machine of Rs. 1.00 Lacs per month over and above the complemtary Soundboxes.

Monthly Charges for POS / MPOS

100% waiver of monthly Rental Charges, subject to a minimum transaction by each POS Machine of Rs. 2.00 Lacs per month over and above the complemtary POS machines.

bob DIAMOND Current Account : Most Important Terms & Conditions (MITC)

Interest Payment	No interest is payable in current account except in case of deceased account where interest @ of saving banks is paid from the date of death of the account holder till the settlement of the account.
Sweep facility	The minimum threshold amount should be ₹1,00,00,000/-. First Sweep out for ₹1,00,000 will take place only when the account balance reaches ₹1,01,00,000/- for 15 days Sweep will take place on every Monday. In case of a holiday, the sweep will take place on the next working day. On maturity, the proceeds of the sweep amount will be credited to the respective current account. The rate of interest on the short deposit will be period-specific as per the bank’s Term Deposit rate. TDS will be applicable as per IT rules. Sweep in will take place on a LIFO (Last in First Out) basis in multiples of ₹1,00,000/-.
Unclaimed Deposit	Account remaining Dormant for 10 years are treated as unclaimed deposits and are transferred to RBI.
Disclosure of information	The Bank may disclose information about the customer’s account if required and permitted by law, rule, or regulations, or at the request of any public or regulatory authority or if such disclosure is required for the purpose of preventing frauds or in public interest, without specific consent of the account holder(s). All relevant policies, including the code of commitments to customers and grievance redressal policy, are available at the branches. MITCs OF ATM/DEBIT Card/Mobile Banking/Net Banking are available separately. The Bank will notify, 30 days in advance, any change in terms and conditions/fees and charges on its website. Deposits along with interest kept in different branches of our Bank are insured by Deposit Insurance & Credit Guarantee Corporation (DICGC) maximum up to ₹5,00,000 (₹5 lakh).
Note:	All Charges are exclusive of Taxes. All charges are subject to changes from time to time. *For latest service charges, please visit the Link : https://www.bankofbaroda.in/interest-rate-and-service-charges/service-charges

Need Assistance?

Toll Free Number (Domestic):
1800 5000 1800 5700
Toll Free Number
For Domestic Customers
Calling From Abroad (24X7):
+91 79-66296009
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Financial Results 2023-24

Bank of Baroda (UK) Ltd announces its intention to wind down and close its UK retail banking activities

As per revised RBI directives all our Locker-holders are requested to visit Bank of Baroda, Base Branch.

Everything you need and more….
Enter the Diamond League