Key features
What's included with this account.
Eligibility & documents
What you'll need on hand to open this account.
- Age: Above 60 years, Passport, Driving license with photo, Proof of possession of Aadhaar Number, Voter’s Identity Card issued by Election Commission of India, Job card issued by NREGA duly signed by an officer of the State Government., Letter issued by the National Population Register containing details of Name and Address.,
Overview
1 Eligible Clients Senior Citizens (60 years and above) (Singly or Jointly)
2 Joint Account: Allowed, First A/c holder should be Senior Citizen Benefits will be made available to 1st holder only
3 Conversion to the Scheme: Senior Citizens SB Accounts having average balance of Rs. 1.00 Lakh for last -2- months or Declaration to maintain in the present Month may be allowed to convert to the scheme.
4 Monthly Average Balance (MAB): Rs. 1.00 Lakh
5 Maximum Balance: No upper limit
6 Charges for not Maintaining MAB: 6% of the Actual Shortfall on a monthly basis subject to Minimum Rs. 50.00 & Maximum Rs. 500.00
7 Cheque book issuance charges: Free
8 Debit Card: bob Bhoomi RuPay Select
9 Debit Card Issuance Fee: Free
10 Debit Card Renewal Fee: Refer https://bankofbaroda.bank.in/digital-products/cards/debit-cards/rupay-select-debit-card, Tab Fees/Charges
11 Doorstep Banking Services (DSBS): Free 2 Services per Month through DSBS App.
12 NEFT / RTGS: Free
13 IMPS: 50% Discount of normal IMPS Charges
14 Cash handling Charges: Free up to 10 times per month for cash deposit in non-base branch and beyond which charge is to be applied at Rs 50/-, in Metro/Urban and Rs 40/-in Rural/Semi Urban
15 FFD Facility: Available on request
16 Locker Charges Discount: 20% discount on Any one Locker in the name of 1st Holder only upto maximum Rs 500/-.
17 Gift & Travel Card: Free Issuance for 1 Travel / Gift Card per quarter
18 SMS / Email Alert Charges: Free
19 Debit Card Transactions in our bank ATM / Other Bank ATM: Refer https://bankofbaroda.bank.in/interest-rate-and-service-charges/service-charges Under Digital Banking Product Related Charges
20 Credit card: Refer https://www.bobcard.co.in/
21 Concession in Demat AMC: Free AMC for 1st year for the Account in the name of 1st Holder only.
22 Nomination: Allowed, as per Bank’s extant guidelines.
23 Practo Offer*
Free Online Doctor consultation for 6 Family members.
Concession on medicine purchase (online) upto 15%.
Concession on Pathological test upto 20%.
To be availed via Practo App, by registering through the phone no linked with the bob Vishesh Samman Account
24 Discount in Processing charges: 50% waiver in Processing charges for Reverse Mortgage.
(only on New Sanctions (only on -1- Loan Account) in the name of 1st Account holder only and not applicable for existing Loans)
Please Note:
Upon maintaining the requisite monthly average balance, the benefits associated with Practo shall become applicable and effective from the subsequent month.
Practo Benefits will start post maintenance of MAB of Rs. 1 Lac. The customer has to download the Pratco App and register it with the mobile no. registered with the Vishesh Samman Scheme to avail the services.
Interest rate slabs
Rate applied depends on your daily closing balance.
| Balance slab | Interest rate (p.a.) |
|---|---|
| Up to ₹ | % |
Fees & charges
The costs that aren't the headline interest rate.
| Item | Charge |
|---|---|
| Account opening fee | ₹0 |
| Non-maintenance penalty | ₹0 |
| Debit card annual fee | ₹0 |
| Physical passbook / statement | ₹0 |
| Cheque book charges | ₹0 |
| Other-bank ATM withdrawals | Standard limits apply |
Official Product Brochure & Rate Sheet
Download the verified PDF document containing complete terms and conditions directly from Bank of Baroda.
Account highlights & capabilities
Key parameters and structural features configured for bob Senior Citizen Vishesh Samman SB.
