How does Bank of Baroda stand out as the top choice for Salary Accounts?
23 फरवरी 2024
Table of Content
Bank of Baroda Salary account is an account that goes beyond saving. It empowers the employee with attractive benefits. Bank of Baroda stands out as a compelling choice for the opening of Salary Accounts. Tailored to customers' needs, Bank of Baroda offers various types of Salary Accounts.
Why should you open a Salary Account with Bank of Baroda?
Bank of Baroda understands diverse financial needs, providing a variety of account options to cater to individual preferences. The quick and hassle-free account opening process reflects their commitment to efficient service.
The convenience of their user-friendly online banking services makes managing finances seamless. With an extensive branch and ATM network, coupled with tailored offers for salary account holders, Bank of Baroda stands out as a reliable choice, emphasizing both convenience and value for its customers.
Types of Salary Accounts offered by Bank of Baroda
Baroda Salary Classic Account
Employees who have a gross monthly salary band of Rs.10,000/-to Rs.50,000/- can enjoy the benefits of this account.
Baroda Salary Super Account
Employees who have a gross monthly salary band of Rs.0.50 Lakh to Rs.1 Lakh can enjoy the benefits of this account.
Baroda Salary Premium Account
Middle management employees with a gross monthly salary of more than Rs. 1 lakh to Rs. 2 Lakhs can avail the benefits of this go-to savings account.
Baroda Salary Privilege
Top management can benefit from a salary account if their gross monthly income exceeds Rs. 2 lakhs.
Documents Required to Open a Salary Account?
Employees require the following documents to open a salary account :
- An application form to open a salary account.
- Proof of identity & address like:
- PAN Card
- Aadhaar Card
- Voter ID Card
- Driving License
- Passport
- Latest passport-size photographs
- Employment Proof such as Appointment Letter, ID Card etc.
- Salary Slip
Benefits of Opening A Salary Account?
A Salary Account offers more advantages than a savings account. While the perks and features of salary accounts differ by bank, Bank of Baroda offers the benefits by type of Account:
1. Benefits of Baroda Salary Classic Account
- Inbuilt Overdraft facility upto Rs.1,00,000 *
- Lifetime Free Baroda Select Credit Card
- 20% discount on locker rentals
- 50% Waiver in processing charges on retail loans
- Sweep facility available
- Free SMS / E-mails Alerts
2. Benefits of Baroda Salary Super Account
- Inbuilt Overdraft facility upto Rs.2,00,000 *
- Lifetime Free Baroda Select Credit Card
- 30% discount on locker rentals
- 50% Waiver in processing charges on retail loans
- Sweep facility available
- Free SMS / E-mails Alerts
3. Benefits of Baroda Salary Premium Account
- InBuilt Overdraft Upto ₹3,00,000*
- 100% waiver on processing charges of retail loans
- Life time free Visa Sapphire Debit card
- 40% Discount on locker rentals (Subject to availibility)
- Sweep facility available on request
- 100% Discount on Depository Services / Demat AMC
- Life time Free PREMIER CREDIT CARD
- 75% waiver on issuance charges for gift/travel card
- Complementary Zero Balance Account for Spouse
4. Benefits of Baroda Salary Privilege Account
- Inbuilt Overdraft Facility Maximum: Rs. 3lakhs*.
- 100% waiver on processing charges of retail loans
- Life time free Visa Sapphire Debit card
- 50% Discount on locker rentals
- Sweep facility available on request
- 100% Discount on Depository Services / Demat AMC
- Life time Free PREMIER CREDIT CARD
- 100% waiver on issuance charges for gift/travel card
- Complementary Zero Balance Account for Spouse
Also Read: 6 Best Ways to Earn Returns Through Your Savings Account
Conclusion
Once the requirements for opening a Salary Account are met, the employee can start enjoying benefits like Net-Banking , Credit Card offers, utility bill payments, etc. It simplifies the process and enhances the banking experience for both employers and employees. Bank of Baroda offers 4 types of Corporate Salary Accounts for the convenience of the customers.
FAQs
Q. How long does it take to open a salary account?
A. The time to open a salary account varies by the bank but is a quick process, often completed within a few days after the submission of documents required to open a salary account.
Q. Can I have multiple salary accounts?
A. No, you cannot open two accounts for one purpose.
Q. Are there any fees associated with salary accounts?
A. Fees associated with salary accounts depend on the bank and the type of account. Some banks may offer zero or reduced fees for salary accounts.
Q. Can I convert my existing savings account into a salary account?
A. Yes, one can convert existing savings account into a Salary account.
Popular Articles
Tag Clouds
Related Articles
What Is Joint Account? - Meaning, Benefits, Application Process & How its Work
-
डिस्क्लेमर
इस लेख/इन्फोग्राफिक/चित्र/वीडियो की सामग्री का उद्देश्य केवल सूचना से है और जरूरी नहीं कि यह बैंक ऑफ बड़ौदा के विचारों को प्रतिबिंबित करे। सामग्री प्रकृति में सामान्य हैं और यह केवल सूचना मात्र है। यह आपकी विशेष परिस्थितियों में विशिष्ट सलाह का विकल्प नहीं होगा । बैंक ऑफ बड़ौदा और/या इसके सहयोगी और इसकी सहायक कंपनियां सटीकता के संबंध में कोई प्रतिनिधित्व नहीं करती हैं; यहां निहित या अन्यथा प्रदान की गई किसी भी जानकारी की पूर्णता या विश्वसनीयता और इसके द्वारा उसी के संबंध में किसी भी दायित्व को अस्वीकार करें। जानकारी अद्यतन, पूर्णता, संशोधन, सत्यापन और संशोधन के अधीन है और यह भौतिक रूप से बदल सकती है। इसकी सूचना किसी भी क्षेत्राधिकार में किसी भी व्यक्ति द्वारा वितरण या उपयोग के लिए अभिप्रेत नहीं है, जहां ऐसा वितरण या उपयोग कानून या विनियमन के विपरीत होगा या बैंक ऑफ बड़ौदा या उसके सहयोगियों को किसी भी लाइसेंसिंग या पंजीकरण आवश्यकताओं के अधीन करेगा । उल्लिखित सामग्री और सूचना के आधार पर किसी भी वित्तीय निर्णय लेने के लिए पाठक द्वारा किए गए किसी भी प्रत्यक्ष/अप्रत्यक्ष नुकसान या देयता के लिए बैंक ऑफ बड़ौदा जिम्मेदार नहीं होगा । कोई भी वित्तीय निर्णय लेने से पहले अपने वित्तीय सलाहकार से सलाह जरूर लें।
Types of Salary Accounts: Know Your Options for Managing Your Income
Almost everyone who works as a salaried employee has a salary account created for them. If you are wondering what a salary account is, the answer is simple. It is a savings bank account created by a company or an employer to conveniently pay off salaries to its employees. A salary account helps simplify the process of crediting salaries for the employer, while offering a plethora of benefits to its employees, such as seamless mobile banking and online services. Let us take a look at the benefits of having a salary account.
Understanding Dormant Bank Accounts: Risks and Solutions
We all have that one drawer in our homes where we stow away things we rarely use. It might be old gadgets, dusty books, or random knick-knacks. Similarly, in the realm of personal finances, many of us have a drawer equivalent in the form of our unused bank accounts. When it comes to managing our finances, many of us have a similar tendency to forget about our inoperative accounts. We might open one with all the intention of saving money, but then life gets busy, and the account stays unused for months. Your bank savings account is inactive, much like those items tucked away in that drawer. In the world of banking, this is a big no-no. In this blog, we'll explore what a dormant account is and why you should avoid leaving your bank account dormant.
