A New era of NRI Banking Begins

bob Premium NRO Saving Account designed for Personalized, Efficient, hassle -free banking experience for NRI Customers.

bob Premium NRO Saving Account

bob Premium NRO Saving Account is designed for High Value Non – Resident India (NRI) customers, offering a range of benefits and privileges

Features
Benefits
Eligibility Criteria
Documents Required
Fees & Charges
Most Important Terms and Conditions (MITC)

bob Premium NRO Saving Account : Features

Sr No	Parameters	Details
1	Eligibility	NRI, PIO and OCI Any person resident outside India (as per section 2 (w) of FEMA), may open NRE/NRO account. More than one individual in joint name with NRI and resident Indian. Minor on terms laid down by the bank. Accounts can be opened in the name of minor with their father/mother, as guardian. * The insurance coverage is exclusively available to the primary account holder and will be applicable for individuals aged 18 to 60 years.
2	KYC Norms	Passport Valid Visa/Work permit Permanent Account Number (PAN)/Form 60 (in the absence of PAN) PIO/OCI card if not an Indian citizen/ Copy of relevant pages of Passport of Parents or Grand Parents establishing them as from Indian Origin/Copy of Marriage Certificate establishing the Spouse being of Indian Origin *(In this case a valid relationship proof needs to be obtained) Overseas Address Proof Indian Address Proof (If mentioned in AOF) Passport size photograph of each applicant Any other document as per KYC guidelines applicable from time to time
3	Area of operation	All branches in India
4	Mode of Operation	Self May be held jointly in the names of two or more NRls/ PIOs on either or survivor basis. NRls/ PIOs can hold jointly with a resident relative (as defined in Companies Act 2013) on 'former or survivor' basis. The resident relative can operate the account as a Power of Attorney holder during the lifetime of the NRI/ PIO account holder.
5	Currency	INR
6	Maximum Annual Turnover	No limit
7	Quarterly Average Balance (QAB)	₹ 1 Lac (CASA) or ₹ 10 Lacs (CASA+Term Deposit)
8	Maximum Balance	No upper limit
9	Auto Sweep Facility (Optional)	Yes, available on written request from the Customers
Sweep minimum threshold - ₹ 1,00,000/- FFD Period – 181 days Sweep out in Multiple of ₹ 1,000/- Sweep in multiple of ₹ 10,000/- Sweep will happen every Monday
10	Rate of interest	As applicable to Saving Account from time to time. Rate on FFD created out of Auto Sweep shall be as per ROI applicable for NRO Term Deposit for 181 days. In case of premature transfer of amount from Short Deposit before 181 days to account, the interest payable will be as per guidelines of the bank, from time to time, as applicable to Short Term Deposits (presently 1% less than the rate applicable for the period for which the deposit has remained with the bank). No additional interest will be payable to Senior Citizen and Staff/ex-staff Members
11	Taxation	Applicable as per the Income Tax Act
12	Nomination facilities	Available Nomination form must be signed even if customer prefers not to nominate (Applicant will write not willing to nominate)
13	Permissible credits	Inward remittances from outside India, legitimate dues in India and transfers from other NRO accounts are permissible credits to NRO account. Rupee gift/ loan made by a resident to NRI/ PIO relative within the limits prescribed under the Liberalized Remittance Scheme may be credited to the latter’s NRO account and other credit are as under 1) Sale proceeds of assets including immovable property acquired out of rupee/foreign currency funds or by way of legacy or inheritance. 2) Legitimate dues in India of the account holder: this includes income like rent, dividend, and pension interest etc. Any other credit permitted under FEMA regulation from time to time.
14	Permissible debits	The account can be debited for the purpose of local payments, transfers to other NRO accounts or remittance of current income abroad. Apart from these, balances in the NRO account cannot be repatriated abroad except by NRIs and PIOs up to USD 1 million, subject to conditions specified in Foreign Exchange Management Act. Funds can be transferred to NRE account within this USD 1 Million facility in FY (April-March) subject to supported with required documents prescribed by income tax department like 15 CA and 15 CB. Any other debit is permitted under FEMA regulation from time to time.
15	Locker Charges	Free of Cost for only one small size locker based on Customer ID) (* Subject to availability).
16	Debit Card	Master Card variant No Issuance Fee, Annual Maintenance Charges ₹ 300 +GST will be applicable. (Only one debit card in each account will be issued free, for additional card issuance Fee and Annual Maintenance charges will be applicable) Visa or RuPay variant are also available subject to applicable issuance and renewal charges.
17	Debit card withdrawal Limits (per day limit)	For Master Card variant Maximum cash withdrawals Per day limit ₹ 200,000/- Maximum per transaction limit on our ATMs ₹ 15,000 Maximum per transaction limit on other Bank’s ATM ₹ 10,000/- Maximum number of cash withdrawals allowed per day 20 Maximum Per day limit at POS/Ecom ₹ 5,00,000 Contactless Maximum per txn limit using Contactless mode ₹ 5,000/- No. of daily Contactless txn Limit 5
Customer Value Proposition in Mastercard debit cards for NRI Customers One Complimentary Domestic Airport Lounge Access per Quarter Two Complimentary International Airport Lounge Access per Annum Unlimited Free ATM usage at Bank of Baroda ATMs Discounted green fees for Golf game – Asian Pacific Golf Courses. One additional free night with Hotel booking in 32 Hotels across Asia Pacific, Africa and Middle East as per tie up with MasterCard. One Complimentary main course when dining at partner restaurants across major cities in Asia Pacific Higher Daily ATM / POS-ECOM usage limits Note: The Customer value proposition is subject to change from time to time.
18	Cheque Book	Free
19	IMPS/NEFT / RTGS charges through Electronic Channels like bob World Internet and bob World	Free (through Digital Channel). If fund transfer is done through Branch, then Normal Charges will be applicable.
20	Internet Banking / Mobile Banking	Free
21	Closure of Account	Charges related to Debit Card, Locker Charges are to be recovered if account is closed within one year.
22	SMS charges	Applicable as per existing guidelines.
23	ATM Charges	As per card Variant
24	Non-maintenance Charges (QAB)	Charge of ₹ 500/ +GST will attract if shortfall from the stipulated Qtly average balance.
25	Collection of outstation Cheque	Free, Applicable, subject to source of funds should be from NRE A/c
26	Insurance cover (For Minor Account Insurance benefits will not be applicable)	As per Annexure I
27	Waiver on processing charges of NRI Home Loan and Car Loan*	100 % reversal of Unified Processing Charges on Disbursement of 1^st Instalment of Loan Out of Pocket expenses as advised through Circular from time to time will be payable by Customers for Home loan/ Auto Loan.
28	Concession on NRI Home Loan, Auto,	Home Loan: 0.10% concession in ROI subject to effective rate not going below the floor rate prescribed from time to time (Presently @8.40% i.e. BRLLR 9.15%-0.75%) Auto Loan: 0.10% concession in ROI subject to minimum -1- year MCR in fixed and BRLLR in floating rate.
29	Relationship Manager	As per existing structure available to retail liabilities customers based on balance available in accounts

Annexure I

Type of Insurance Coverage and Benefits

Personal Accidental Death: ₹10 Lacs (Worldwide)
Air Accidental Death: ₹ 50 Lacs (Worldwide)
Higher Education Cover: 10% additional limit of the base PAI cover.
Unmarried Girl Child Marriage Cover (18-25 year): 10% additional limit of the base PAI cover
Cost of Plastic Surgery/Burn: Additional limit of the base PAI cover Max up to ₹00 Lacs.
Cost and Transportation of Imported Medicine: Additional limit of the base PAI Max up to ₹00 Lacs.

Terms & Conditions

Eligibility: The insurance coverage is exclusively available to the primary account holder and will be applicable for individuals aged 18 to 60 years
NRE/NRO Accounts: Insurance benefits apply to one account only, even if the customer maintains both NRE and NRO accounts.
Coverage Period: Maximum 12 months or up to the reference date, whichever is earlier, For current Policy reference date is 11^th August 2025.
Policy Renewal and Coverage: Coverage continuation is subject to renewal. Suspension or reinstatement is at the bank’s discretion.
Premium Payment: Premium costs shall be borne by the bank.
Insurance coverage will commence 30 days of account opening date or conversion of scheme.
To avail of the enhanced features, existing customers of bob Premium NRE Saving Account must maintain the revised Quarterly Average Balance (QAB) as per the updated terms and conditions. They will also have the option to transfer their account to the standard NRE Saving Account scheme.

bob Premium NRO Saving Account : Benefits

bob Premium NRO Saving Account : Eligibility Criteria

bob Premium NRO Saving Account for NRIs and PIOs (Individuals of Pakistan and Bangladesh shall require prior approval of the RBI)
Minor on terms laid down by the bank. Accounts can be opened in the name of minor with their father/mother, as guardian.

* The insurance coverage is exclusively available to the primary account holder and will be applicable for individuals aged 18 to 60 years.

bob Premium NRO Saving Account : Documents Required

Photocopy of relevant pages of Passport
Copy of Valid Visa / Work permit (Not Required for PIO)
Copy of Permanent Account Number (PAN) / Form 60 (in the absence of PAN)
PIO/OCI card if not an Indian citizen/ *Copy of relevant pages of Passport of Parents or Grand Parents establishing them as from Indian Origin/*Copy of Marriage Certificate establishing the Spouse being of Indian Origin *(In this case a valid relationship proof needs to be obtained)
Document confirming Overseas and Indian address if applicable
One passport size photograph of each applicant

bob Premium NRO Saving Account : Fees & Charges

Cheque book – Free
Locker charges - Free of Cost
Debit card Charges - NIL Issuance Charges and renewal charges concession on Mastercard Variant, for other variant charges applicable as per Bank’s norm.

Closure of Account:

For closure of Account within a year: If Account is closed by Customer within a year. Full Charges related to Debit Card, and Locker Charges is to be recovered.
IMPS/NEFT / RTGS charges through Electronic Channels like bob World Internet and bob World:
Free (through Digital Channel)
If fund transfer is done through Branch, then Normal Charges will be applicable.
SMS Charges: Applicable as per existing guidelines.

bob Premium NRO Saving Account : Most Important Terms and Conditions (MITC)

Account can be opened either individually or jointly with other NRIs / PIOs.
Funds deposited in the Account will be in the form of fresh Inward remittances from outside India, legitimate dues in India and transfers from other NRO accounts are permissible credits to NRO account.
The account can be debited for the purpose of local payments, transfers to other NRO accounts or remittance of current income abroad.
The maximum amount that can be repatriated from NRO account is USD 1 Million cumulatively per Financial Year. Repatriation from NRO Account is subject to guidelines issued by RBI / FEMA time to time.

bob Premium NRO Saving Account:

Rate on FFD created out of Auto Sweep shall be as per ROI applicable for NRO Term Deposit for 181 days.
In case of premature transfer of amount from Short Deposit before 181 days to account, the interest payable will be as per guidelines of the bank, from time to time, as applicable to Short Term Deposits (presently 1% less than the rate applicable for the period for which the deposit has remained with the bank).
No additional interest will be payable to Senior Citizen and Staff/ex-staff Members