Key features
What's included with this account.
Eligibility & documents
What you'll need on hand to open this account.
- 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.
- 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;
Overview
Monthly Average Balance (MAB) Requirement ₹ 5,00,000
Charges for Non-Maintenance of Monthly average Balance ₹ 1,000/-
Cash Deposit / Handling Charges
No charges upto ₹ 50,00,000 at any of the Branch
Maximum Limit on No. of Notes - 10000
Free Cash Withdrawal at Base Branch, Local Non Base and Outstation Branch (excluding ATM withdrawals) 10 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.) 10
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 complementary 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.
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 ₹10,00,000/- . First Sweep out for ₹1,00,000 will take place only when the account balance reaches ₹11,00,000/- for 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 Rs.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 the 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
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.
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 | ₹1,000 |
| Debit card annual fee | ₹0 |
| Physical passbook / statement | ₹ |
| Cheque book charges | ₹0 |
| Other-bank ATM withdrawals |
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 GOLD Current Account.
