homepersonal finance NewsBank of Baroda offers LITE Savings Account with lifetime zero balance feature

Bank of Baroda offers LITE Savings Account with lifetime zero balance feature

This account offers a lifetime free RuPay Platinum Debit Card for customers who maintain a nominal Quarterly Average Balance (QAB).

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By CNBCTV18.com Mar 5, 2024 3:07:42 PM IST (Updated)

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Bank of Baroda offers LITE Savings Account with lifetime zero balance feature
Bank of Baroda offers bob LITE Savings Account – a Lifetime Zero Balance Savings Bank Account. This account offers a lifetime free RuPay Platinum Debit Card for customers who maintain a nominal Quarterly Average Balance (QAB).

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The QAB requirements vary, with ₹3,000 for metro/urban branches, ₹2,000 for semi-urban branches, and ₹1,000 for rural branches.
This debit card comes with offers and discounts on consumer brands, enhancing the account holder's overall banking experience, Bank of Baroda said.
The account is open to all resident individuals, including minors aged 10 years and above who can read and write.
How to open bob Lite Savings account?
  • Click on https://bit.ly/bobLITE for digital account opening through Video KYC
  • or
  • Visit the nearest Bank of Baroda branch
  • Key features of the bob LITE Savings Account include:
    • Lifetime zero balance requirement.
    • Accessibility for resident individuals, including minors above 10 years of age.
    • Lifetime Free RuPay Platinum Debit Card with features based on the QAB.
    • Lifetime Free Credit Card, subject to eligibility.
    • Discounts and offers on Bank of Baroda Debit & Credit Cards.
    • 30 free cheque leaves in a financial year.
    • The introduction of the bob LITE Savings Account aligns with Bank of Baroda's commitment to providing inclusive and convenient banking solutions for customers from various demographics. This initiative aims to simplify banking, making it more accessible and rewarding for individuals and families across urban and rural landscapes.

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