An account for the brave police forces.

Open Baroda Police Forces Salary Package account and get attractive benefits.

Salary and Pension Solutions for Indian Police Forces

Protecting the ones who protect us! A thoughtful PSP account (Police Salary Package), offering lifetime free Rupay Debit Card. Apply with us for police salary package today!

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Benefits
Eligibility
Documents Required
Most Important Terms and Conditions (MITC)

Salary and Pension Solutions for Indian Police Forces : Benefits

Personal Accidental Insurance offerings for Serving Personnel

Eligibility Age:

Minimum : 18 Years
Maximum : 60 Years or retirement age whichever is earlier (62 Years for M.P. Police & 61 Years for Telangana Police)

Free Personal Accidental Insurance Offerings For Serving Personnel

Eligible Age – 18 years & above till retirement
Personal Accident Cover on Salary account

PAI Death Cover : On-duty PAI cover ₹ 75 Lakhs and Off-duty PAI cover ₹ 60 Lakhs
Permanent Total/ Partial Disability cover up to ₹ 60/ ₹ 30Lakhs
Air Accident Insurance Cover ₹ 100 Lakhs
Inclusion of deaths in active operations in Personal Accident Insurance
Transportation of Dead body – Actual cost or ₹ 50,000/- whichever is lower
Cost of Plastic Surgery / Burn up to ₹ 2 Lakhs
Daughters’ Marriage Cover (for 18-25 Years of age): ₹ 6 Lakhs (irrespective of no. of daughters)
Child Higher Education cover: ₹ 6 Lakhs (irrespective of no. of children)

Additional Personal Accidental Death and Permanent Total Disability cover of ₹ 10 Lakhs on available Yoddha Debit Card – Rupay variant

Free Personal Accidental Insurance Offerings For Veterans

Eligible Age – 60 Years or age of retirement whichever is earlier, till Lifelong
Personal Accident Cover on Pension account

PAI Death Cover : on Pension account upto ₹ 30 Lakhs
Permanent Total/ Partial Disability cover up to ₹ 30/ ₹ 15 Lakhs
Ambulance cost Cover upto ₹ 50,000.
Cost and Transportation of Imported Medicine up to ₹ 2 Lakhs
Daughters’ Marriage Cover (for 18-25 Years of age): ₹ 3 Lakhs (irrespective of no. of daughters)
Child Higher Education cover: ₹ 3 Lakhs (irrespective of no. of children)

Additional Personal Accidental Death and Permanent Total Disability cover of ₹ 10 Lakhs on available Yoddha Debit Card – Rupay variant

Benefits in Yoddha Debit card

Lifetime Free Debit Card
Personal Accident Insurance - Death and Total disability cover of ₹ 10 Lakhs.
Waiver of Issuance/ Re-issuance / Annual Fee
Other attractive offers to know more click here

Benefits in Co- Branded Credit Card

Lifetime Free Credit card subject to eligibility.
Other attractive offers to know more click here

Other Benefits

Account opening through Video KYC and Tab Banking
Free Remittances – RTGS / NEFT / IMPS (through all modes)
Free Unlimited – Demand Draft / Banker’s Cheque
Free Unlimited – Personalized Cheque books
Free Mobile Banking – Save, Borrow, Invest, Shop through bob World App
Free Internet Banking – bob World Internet
50% waiver on Locker Rentals
100% waiver on Demat Annual maintenance charges
75% waiver on issuance charges for Gift and Travel Card

Retail Loan Facilities

Salary Overdraft up to ₹ 3.00 Lakhs*

Digital Loans / Pre-approved Loans available
Personal Loan upto ₹ 20 Lakhs at attractive ROI
Processing charges waiver on Retail Loans (Home Loan, Auto Loan and Personal Loan)*

*Subject to terms and condition

Salary and Pension Solutions for Indian Police Forces : Eligibility

Eligibility criteria :

For salaried employee:
1. Scheme is applicable for regular employee
2. Scheme will be applicable after credit of one month salary of the employee and thereafter regular salary credit in the account
3. At the time of opening of account of employees who are having salary arrangement with other Banks, employees shall provide a mandate to shift their salary to Bank of Baroda in the organization payroll department

For pensioner:
1. Scheme will be applicable after credit of one month pension to the pensioners’ account and thereafter regular pension credit in the account

Employees of listed organizations are eligible subject to agreement between Bank of Baroda and Organization through a letter of consent or MOU

Central Bureau of Investigation
State Police Forces

Salary and Pension Solutions for Indian Police Forces : Documents Required

List Of Valid KYC Documents For Account Opening
Permanent Account Number (PAN)/ FORM60 is mandatorily to be obtained while opening of the accounts as per extant Reserve Bank of India Guidelines.
Mandatory Documents for defence personnel	Employee ID/ Service certificate for Salary Accounts or Pension orders (PPOs) issued to retired employees by concerned organisation for Pension Accounts
Officially Valid Documents (OVDs) for Accounts of Individuals	Passport PAN card Driving license with photo Proof of possession of Aadhaar Number Voter’s Identity Card issued by Election Commission of India Letter issued by the National Population Register containing details of Name and Address
Deemed Officially Valid Documents, In case OVD does not contain current/ updated address. (At least one document from the list is Required)	Utility bill of any service provider i.e. electricity, telephone, postpaid mobile phone, piped gas, water bill (not more than two months old) Property or Municipal Tax receipt; Pension or family pension payment orders (PPOs) issued to retired employees by Government Departments or Public Sector Undertakings, If they contain the address; Letter of allotment of accommodation from employer issued by State or Central Government departments, statutory or regulatory bodies, and public sector undertakings, scheduled commercial banks, financial institutions and listed companies. Similarly, leave and license agreements with such employers allotting official accommodation

Salary and Pension Solutions for Indian Police Forces : Most Important Terms and Conditions (MITC)

Withdrawal(s) & use of Withdrawal Form (Slip

Withdrawals will be allowed either by withdrawal forms or by cheques. Payment against withdrawal form along with passbook is allowed for self only with per day limit of Rs. 25000/- (Minimum Rs. 25/- in Rural/SU and Rs. 50/- in Metro/Urban)

Passbook and statement of account

Free Pass Book
Rs. 100/-- per duplicate Pass Book / Statement with latest balance only.

Transfer of Account/ Scheme

Upon submission of application along with pass book and unused cheque leaves the account can be transferred to another branch/ scheme free of charge.

Interest Calculation and Frequency

Interest for the period February to April will be credited in May, Interest for May to July will be credited in August, interest for August to October will be credited in November and interest for November to January will be credited in February every year.

Dormant/ Inoperative Account

Account becomes inoperative/dormant if there are no customer induced transactions in Savings account for over a period of two years. Interest is continued to be applied in all such Savings Bank accounts. No charges are levied for in-operation of accounts.
Activation/Closure of Dormant/Inoperative accounts will be done after submission of necessary KYC documents, photo, fresh specimen signature, subject to satisfaction of the Bank.
All Accounts which have remained inoperative/dormant for a period of 10 years and above will be treated as unclaimed deposits and will be transferred to RBI. Upon receipt of the request from the customer such deposits will be returned subject to conditions.

Nomination Facility: -

Nomination facility available.

Rules for Transfer/ inter-sol transfer/clearing transactions and charges

Transfer Transaction at base branch Allowed freely without any limit.
Transfer Transaction at Non-base branch (local as well as outstation) normally allowed only at a branch where either drawer or payee maintains account. However, for genuine transactions, Branch Head is authorized to allow transactions at non-base branch (where neither drawer nor payee maintains account) on case to case basis subject to certain conditions.

Disclosure of Information:

The Bank may disclose information about customer’s account, if required and permitted by law, rule or regulations, or at the request of any public or regulatory authority or if such disclosure is required for the purpose of preventing frauds, or in public interest, without specific consent of the account holder(s).
All relevant policies including code of commitments to customers and grievance redressal policy are available at the branches
MITCs OF ATM/DEBIT Card, Mobile Banking, Net- Banking in Application Forms are available separately.
The Bank will notify, 30 days in advance, any change in terms and conditions/ Fees and charges on its website.
Deposits along with interest kept in different branches of our Bank is insured by Deposit Insurance & Credit Guarantee Corporation (DICGC) maximum upto Rs 5,00,000( Rs 5 lakh).