What is the bank of baroda minimum balance ?

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People Having a Saving Account with Bank of Baroda Have to Maintain a Certain sum Money which is Known as the Minimum Balance. If the Account holder is Failed to Maintain the Bank of Baroda Minimum Balance, the Bank Impose Penalty on them. 

Most of the People who have a Saving account with the bank of Baroda are unaware of the Minimum Balance they Have to Maintain in their Account. So to Clear, all Your Queries Related to Bank of Baroda Minimum Balance make sure You read the Full Article. 

Saving Account is Flexible and Easy to operate the Account option for Everyone. But it is also important to Protect Yourself from the Minimum Balance Penalty on Non-Maintenance of Balance. 

What is the Bank of Baroda Minimum Balance? 

The Minimum Balance Charges for BOB is As Follows – 

AreaAmount
Rural Rs 500
Semi-urbanRs 1000
Urban / Metro Rs 2000/-

How to Maintain Minimum Balance in Your Bank Account?

If you are among those people who find it Difficult minimum Balance in their Account? To Avoid Such Problem You can Always Switch Your Bank Account to some other Bank Who is Providing Your Zero Account. 

All the Leading Public and Private Sector Banks Like SBI, Axis, Kotak Mahindra, ICIC Bank, IDBI Bank offers zero Minimum Balance Account to their Customers. Make sure Before You Close Your old Bank Account You should De-link all Your Investments, Automatic Payment, EMIs, and SIPs. 

According to RBI’s Guidelines issues on 1 July 2014, Your Bank can Not Charge any Penalty on inoperative accounts. 

In Conclusion 

We Hope we have Cleared all Your Queries related to the bank of Baroda minimum balance. If You have any Question Related to Maintaining a Minimum Balance or any other Banking Queries. Then Feel Free to share with us in the comments below. 

Know More about Bank of Baroda Savings Account Here 


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