Key features
What's included with this account.
Eligibility & documents
What you'll need on hand to open this account.
- Resident individual, age 18 or above
- PAN card (mandatory)
- Valid identity and address proof for digital verification
Overview
Quarterly Average Balance – NIL
Cheque Book – Not Allowed
Sweep Facility – Not Allowed
Internet Banking - Only View facility will be allowed
Mobile Banking – Not Allowed
Cash Withdrawal – Not Allowed
No Fund based or Non-Fund Based facility allowed against the balance in Escrow Account.
Minimum Service Charges for Escrow Account
Fees & Charges
Annual Service Charges in case of ordinary Escrow Account: - i.e. Public Private Partnerships / E Payment Gateways / Tenders / Central or State Govt. Bodies / Local bodies etc., are as following: - 0.10 % of turnover in the Account or Rs. 20, 000/- whichever is lower (excluding GST).
In the case of Developer’s Escrow Account especially for the Project financed by Bank, service charges should be levied as per Bank’s latest Schedule of Service Charges or as per terms of sanctioned conveyed by Sanctioning Authority.
In the case of Escrow Account for Future Rent Receivable (FRR) Advances, service charges should be levied as per the terms of sanctions conveyed by Sanctioning Authority.
For latest charges, Please visit https://www.bankofbaroda.in/interest-rate-and-service-charges/service-charges
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 | ₹Not Allowed |
| Other-bank ATM withdrawals | Not Allowed |
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 Escrow Current Account Scheme.
