Bank of Baroda introduces BOB Lite Savings Account: Lifetime Zero Balance Facility

New Delhi:

Bank of Baroda (BOB) unveils its latest offering, the BOB Lite Savings Account, providing customers with a convenient and accessible banking solution.

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Originally launched during the festive season, this account is now available for opening at any time, ensuring flexibility and ease of access for all customers.

The standout feature of this account is its lifetime zero balance requirement, making banking hassle-free and inclusive.

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Benefits of BOB Lite Savings Account:

No Minimum Balance Requirement

Customers are relieved from the burden of maintaining a minimum balance in their BOB Lite Savings Account.

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Enhanced Features

The account comes with additional benefits tailored to meet customer needs. Notably, customers maintaining a nominal balance on a quarterly basis are entitled to a complimentary RuPay Platinum Debit Card for a lifetime.

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Lifetime Free Credit Card

Selected account holders also enjoy the privilege of a lifetime free credit card, further enhancing their banking experience.

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Eligibility Criteria:

Open to All: The BOB Lite Savings Account is accessible to individuals above 10 years of age.

Special Consideration for Minor Accounts: For single accounts held by individuals aged 10-14 years, the maximum balance should not exceed Rs 10,000 on any given day.

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Criteria for Free RuPay Platinum Debit Card

To avail the complimentary RuPay Platinum Debit Card, customers are required to maintain a quarterly balance of Rs 3000 in metro cities, Rs 2000 in semi-urban areas, and Rs 1000 in rural regions. Failure to meet this requirement may result in an annual penalty.

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Complimentary Checks

Account holders receive 30 pages of checks per financial year, facilitating seamless transactions and financial management.

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