Bank of Baroda has a special saving account for the salaried employee under the name Baroda Salary Advantage Saving Account. This is an account that has an inbuilt overdraft facility for the salaried person.
Features
| Benefits | As per the rules of saving account you can earn interest on credit balance.
There is no ceiling on the amount to be deposited and credit balance in the account. |
| Overdraft facility | Available, up to Rs 1 lac subjected to 90% of the net salary (average of last three months) |
| Minimum Balance | No minimum balance |
| Cheque Book | Available |
| Who can apply | Individuals (regular employees state and central govt.).
PSU Semi-govt. Organization State/Central Govt. Corporation Urban Development Authorities Educational Institution Universities MNC’s Reputed Public ltd. Companies Selected Private ltd. Companies |
| Age | Minimum 21 years |
| Minimum Take-Home Salary | Rs 5000 |
Terms and Conditions
- Third Party Guarantee
- The minimum age must be 21 years or above to open this account.
- The minimum basic salary of an individual must be Rs 5000.
Get More Details About Saving Accounts Schemes
Bank of Baroda Current Account
Bank of Baroda Jeevan Suraksha Savings Bank Account
Bank of Baroda Pensioners Savings Bank Account
Bank of Baroda Baroda Basic Saving Account
Bank of Baroda Super Saving Account
