Bank of Baroda Unveils BOB Parivar Account with Nine Exclusive Benefits

Bank of Baroda introduces the BOB Parivar Account, a groundbreaking offering under the umbrella of its festive campaign “BOB Ke Sang Tyohaar Ki Umang.”

This unique account is designed to consolidate all family members’ accounts under One Family, providing a host of benefits without the hassle of maintaining individual Quarterly Average Balances (QAB).

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Key Features of BOB Parivar Account:

Grouped Family Banking:

All accounts belonging to members of a single family are consolidated under One Family.

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Independent operation of each account by the primary account holder.

Maintenance Simplified:

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Quarterly Average Balance (QAB) recorded at the Group/Family level, eliminating the need for individual QAB maintenance.

BOB Parivar Savings Account: Eligible Family Members

Minimum of two and a maximum of six family members.

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Eligible members include spouse, parents, children, parents-in-law, daughter-in-law, and/or son-in-law.

BOB Parivar Current Account: Open to Various Business Entities

Open to proprietorship, partnership, LLP, and Pvt. Ltd. companies, which are group companies or sister concerns.


Three Distinct Variants: Diamond, Gold, and Silver

Savings Account PQAB Requirements:

Diamond: ₹5 lakh & above


Gold: ₹2 lakh & above

Silver: ₹50,000 & above

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Current Account PQAB Requirements:

Diamond: ₹10 lakh & above

Gold: ₹5 lakh & above

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Silver: ₹2 lakh & above

Nine Benefits of BOB Parivar Account:

  1. Concessional Interest Rates on Retail Loans
  2. Waiver of Processing Charges on Retail Loans
  3. Concession in Locker Rent Charges
  4. Concession in Demat AMC
  5. Concession in Manual NEFT/RTGS Charges (Digital is 100% Free)
  6. Complete Waiver of DD/PO Charges
  7. Concession in Cheque Book Charges
  8. Waiver of Charges on Collection of Outstation Cheques
  9. Complimentary SMS/Email Alerts and Standing Instructions

Ravindra Singh Negi, Chief General Manager at Bank of Baroda, emphasized that this initiative aims to deepen the bank’s relationship with multi-generational families, providing enhanced benefits and a seamless banking experience.

The BOB Parivar Account aligns with the bank’s 115-year legacy and commitment to customer satisfaction.


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