Key features
What's included with this account.
Eligibility & documents
What you'll need on hand to open this account.
- Employees of listed Forces are eligible
- Indian Army
- Indian Navy
- Indian Air Force
- Applicant whose age is less than 18 years at the time of opening account under the scheme shall be eligible for insurance cover only on attaining age of 18 years. Scheme is applicable for Personnel recruited under Agnipath scheme as Agniveers
- Scheme will be applicable after credit of one month salary and thereafter regular salary credit in the account
- Appointment Letter/ ID card / service certificate
- Passport
- PAN card
- Driving license with photo
- Proof of possession of Aadhaar Number
- Voter’s Identity Card issued by the Election Commission of India
- Letter issued by the National Population Register containing details of Name and Address
Overview
Free Personal Accidental Insurance Offerings
Personal Accident Insurance Cover on Salary account
PAI Death Cover : On-duty PAI cover ₹ 75 Lakhs and Off-duty PAI cover ₹ 60 Lakhs
Permanent Total/ Partial Disability cover upto ₹ 60 Lakhs
Air Accident Insurance Cover of ₹ 100 Lakhs
Inclusion of deaths in active operations in Personal Accident Insurance
Transportation of Dead body – Actual cost or ₹ 50,000/- whichever is lower
Cost of Plastic Surgery / Burn up to ₹ 2 Lakhs
Additional Personal Accidental Death and Permanent Total Disability cover of ₹ 10 Lakhs on available Agniveer Debit Card – Rupay variant
Additional Personal Accidental Death Cover (Air & Non-Air) of ₹ 20 Lakhs on available Co-branded Credit Card*
Most Important terms & conditions for PAI cover*
Entry Age: 17.5 years (PAI Cover starts at 18 years) Applicant whose age is less than 18 years at the time of opening account under the scheme shall be eligible for PAI cover only on attaining age of 18 years.
Air tickets to be booked with Bank’s debit card for Air Accident Insurance cover.
PAI offered on Debit and Credit card* are subject to terms & conditions of card policy.
All the benefits are subject to regular monthly credit of Salary in the Savings account and will be available only upto the tenure of Agniveer.
Other Benefits
Agniveer Debit Card: Unlimited Free ATM usage at all Bank's ATMs, Waiver of Issuance Fee & Annual Fee charges
Free Remittances – RTGS / NEFT / IMPS (through all modes)
Free unlimited – Demand Draft / Banker’s Cheque
Free unlimited – Personalized Cheque Books
Free Mobile Banking – Save, Borrow, Invest, Shop through bob World App
Free Internet Banking – bob World Internet
50% waiver on Locker Rentals
100% waiver on Demat Annual maintenance charges
75% waiver on issuance charges for Gift and Travel Card
*All facilities are Subject to terms and condition
Transactions
Transactions of saving oriented nature are permitted. Commercial transactions are non-allowable transactions. If non allowable transactions are noticed then Bank may close the account with prior notice/intimation citing reasons thereof. In case of single account of minor to be operated by him/her the maximum balance outstanding on any day should not be more than Rs. 100000/- when the minor is aged between 10-14 years.
Note : "T&C Apply"
*Complementary Credit Card if any will be issued to 1st Account Holder only. further Issuance of Credit Card is subject to fulfilment of Underwriting & Eligibility criteria of Credit Cards of "BOBFSL" by the applicant and to be applied separately.
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 | 0 |
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 Salary Package for the Brave Beginners- Agniveers.
