Hot Deal

Life Time free Zero Balance Bank of Baroda Lite Savings Account and free Rupay Platinum debit card with QAB

2123°
Comrade
stoptomove

null-20230913-WA0007

Reap the benefits of savings account with bob LITE Saving Account . A simple, convenient and hassle-free option to save and manage your money, open a savings account now with Attractive benefits along with Rupay Platinum Debit card.

  • Zero balance account
  • Attractive discounts/offers on Travel, Shopping & E-commerce through Debit & Credit Card
  • Free Rupay Platinum Debit Card subject to maintenance of QAB
  • Rs. Rs. 3000 - Metro/Urban
  • Rs. 2000 - Semi Urban
  • Rs. 1000 - Rural
*Festival campaign from 13 September to 31 December 2023

For more details https://www.bankofbaroda.in/personal-banking/ac...

Disclaimer
We are not SEBI/IRDA registered. The information provided herein is for education purposes only. We will not be responsible for any of your profit/loss with this channel's suggestions. Consult your financial advisor before making any decisions.
Top Comments
Benevolent Benevolent
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Clickbait: 

Zero Balance Bank of Baroda with free Rupay debit card

Description:

  • Free Rupay Platinum Debit Card subject to maintenance of QAB
Pro Entertainer Pro Entertainer
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Are bro 3k maintain karna hai, itna toh koi bhi kar hi lega.

Benevolent Benevolent
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@tappukepapa I can maintain 1Cr, but that's not the point.
The point is clickbait.
Analyst Analyst
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@flash007

"*"

Benevolent Benevolent
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@quantum

bro you can't just add "*" and justify anything illogical.

I can create a post by saying "Get a free iPhone Pro max (with star)" and in the description, I will write "After paying 160k".


Similarly, "zero balance with a free debit card (with star)" doesn't make any sense here

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Finance Ninja Finance Ninja
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Another account launch - 

BOB BRO Savings Account: Zero Balance Savings Account for Students (16 to 25 years)

Free Rupay Platinum Debit card
( Issuance & Renewal charges ).

More details - https://www.bankofbaroda.in/personal-banking/ac...

Deal Cadet Deal Cadet
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what is best between 
bob advantage account and 
bob lite account
View 3 more replies
Finance Ninja Finance Ninja
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@stoptomove Post title me RuPay Platinum DC likh dete.

Comrade Comrade
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Thx done
Deal Cadet Deal Cadet
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Can we open it online 

Finance Ninja Finance Ninja
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Online account open option available on BOB site. Visit the link and open.

@Watcher

View 8 more replies
Deal Hunter Deal Hunter
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@abhishek012 @stoptomove good find. Vu. Can we open it online? Also looks like bro account is free from all the charges & MAB also. 😂. 

Comrade Comrade
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Yes
Benevolent Benevolent
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Clickbait: 

Zero Balance Bank of Baroda with free Rupay debit card

Description:

  • Free Rupay Platinum Debit Card subject to maintenance of QAB
Pro Entertainer Pro Entertainer
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Are bro 3k maintain karna hai, itna toh koi bhi kar hi lega.

View 19 more replies
Comrade Comrade
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Not able to attach photo, don't know when this will be solved by admins

Pro Entertainer Pro Entertainer
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Do via desktop or mobile site. They are yet to solve this issue.

View 1 more reply
Generous Generous
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Zero bal acc fir ye 1k 2k 3k kya hai

Generous Generous
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No maintain par dc free nahi hoga yahi na? Par aqb to nahi..

Finance Ninja Finance Ninja
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Yes, par agar virtual card de dega toh shayad free hoga woh.
View 9 more replies
Deal Captain Deal Captain
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Good one plus1

Savings Mentor Savings Mentor
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Why "Lite"? Are there any restrictions or limitations?

Also debit card virtual ya physical with maintenance of 3K? Saaf saaf kyun nahin likhte ye BOB wale physical ya virtual

Also a * with "Festival campaign from 13 September to 31 December 2023" means from next year, debit card will be chargeable regardless of balance maintenance? 

Comrade Comrade
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They are offering it between mentioned date. It's clear that debit card is free if required balance is maintained. Its not new for bob to offer free virtual debit card  as They also offering free virtual card in normal accounts.

View 2 more replies
Comrade Comrade
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Most Important Terms & Conditions (MITC) of bob LITE Savings Account

1. Transactions of saving oriented nature are permitted. Commercial
transactions are non allowable transactions. If non allowable transactions are
noticed then Bank may close the account with prior notice/intimation citing
reasons thereof. In case of single account of minor to be operated by
him/her the maximum balance outstanding on any day should not be more
than Rs. 100000/- when the minor is aged between 10-14 years.

2. Cash Deposit 
For Rs.50000/- and above PAN is required to be submitted as per
requirement of Income Tax.

   At Cash machines: 

➢ Cash deposit with debit card up to Rs.2,00,000/- (2 Lacs) per day where PAN
is registered  and Rs.49,999/- where PAN is not   registered in account.

➢ Card less transaction (by feeding account number) up to Rs. 20,000/- per
day.

➢ Fake note, Suspicious Note is impounded and receipt is given to the
customer. Torne/Mutilated/Taped notes are not accepted by these machines.

3. Cash Withdrawal: 

• Inter SOL cash payments to third parties is not permissible.

• Per day per transaction limit of Rs.50000/- is fixed for cash withdrawal by
account holder only (through withdrawal up to Rs.25000/- SB Account
without cheque book facility) at Non Base CBS branches irrespective of
nature of accounts. Passbook should accompany with Withdrawals.

• Self-Withdrawal at Base branch is free.

4. 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)

5. Passbook and statement of account: 
      a. Free Pass Book 
      b. Rs. 100/-- per duplicate Pass Book / Statement with latest balance only. For
previous Statement/entries, applicable charges apply.





7   Cheque book: 

30 cheque leaves will be issued free in a financial year. For additional cheque
leaves charges will be applicable.

8.   Registration and execution of standing instructions: 
A) No charge within the Bank 
B) No charges through Digital channel except NEFT or RTGS Charge
C) Rs.  50/- per transaction plus applicable remittance charges in case of
credits for outside the branch whether in same city or other cities i. e in other
branches / Offices such as LIC etc. plus actual postage charges, if done through
branch. 

9.  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.

       bob LITE to other scheme is allowed, however other scheme to bob LITE is not allowed


10. Interest calculation and frequency: 

Interest on Savings is calculated on daily product basis at the rates specified by
the Bank taking into account the overall guidelines issued by Reserve Bank of
India from time to time. 

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.


10. 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. applicable charges apply.




Upon receipt of the request from the customer such deposits will be returned
subject to conditions.

11. Minimum balance requirement: 
Life time Zero balance Account

12. Debit card and Charges: 
Free Rupay Paltinum Debit card subject to maintenance of QAB

1. Rs. 3000 for Metro/Urban
2. Rs. 2000 for Semi Urban
3. Rs. 1000 for Rural

If QAB is not maintained Annual fee on debit card will be applied as per Banks
extant guideline

13. Nomination:

Facility available.

14. 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. There are no charges for Inter-sol transfer transactions. 


• Clearing Transactions: There is no restriction for clearing transactions.


15. Closure of account and charges 

• All the authorized signatories of the account will give in writing his/her/their
intention to close the account. The relative passbook, Debit Card and the
unused cheque leaves should be surrendered along with the letter requesting
closure. 
• In case of pre-mature closure of the account no charges will be levied if the
account is closed within 14 days of first customer induced credit into the
account. However, applicable charges will be levied if account is closed
beyond 14 days but within 1 year of the first customer induced transaction. applicable charges apply.
In case of death of account holder no charges will be levied.






applicable charges apply. 16. 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).



*All Charges are exclusive of GST and subject to changes from time to time.
*Terms and conditions are subject to change from time to time.
*For latest service charges, please visit our website www.bankofbaro...om
Comrade Comrade
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as per the terms no mention of virtual card so it's supposed to be  physical and free till mab maintained.

Generous Generous
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whoever opens this account, kindly tag me when you get to know which variants of virtual debit card can be opted with it

Deal Newbie Deal Newbie
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Online v-kyc for Bob lite account possible?

Benevolent Benevolent
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Now they're saying free free free but later on if they charge anything everyone will start closing accounts and they'll charge penalty fearful sweat

@guest_999 @bikidas2060 @malikcool

Comrade Comrade
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• In case of pre-mature closure of the account no charges will be levied if the

account is closed within 14 days of first customer induced credit into the

account. However, applicable charges will be levied if account is closed

beyond 14 days but within 1 year of the first customer induced transaction. applicable charges apply.

In case of death of account holder no charges will be levied.

Deal Newbie Deal Newbie
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Rupay Platinum Debit Card Benifits??

Comrade Comrade
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Bob virtual gives the benefits,  so this is also supposed to...let see
View 1 more reply
The PostMighty The PostMighty
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Any advantage in opening account with union Bank?

Deal Newbie Deal Newbie
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Existing Bob account holder cannot upgrade to bob lite as per t&c.
Sad for existing customers like me, who are gonna pay DC fees, although I have virtual platinum DC.
Nor, I am in the age criteria of bro account variant.
Upgrade to bro is possible.
Anyone tried upgrading to lite ? Is it possible ?

Comrade Comrade
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Yes lite to other is possible , but no conversion from other variant to lite

Generous Generous
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I had acc in past with them closed.. now cant do online no_mouth

Post Emperor Post Emperor
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What is the KyC process for online account... will it requires branch visit to get full Kyc ?

Deal Newbie Deal Newbie
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Debit card  issuance charges hai?

Comrade Comrade
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Debit card itself is free with qab, no mention of other charges

Beacon Beacon
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Is it possible to not opt for a Physical Rupay Card but instead choose a Virtual Card and take advantage of Zero Balance Account ?
Deal Cadet Deal Cadet
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Vkyc got rejected for abbreviation in middle name from aadhar vs pan card...rest all other website authenticaions worked till now but only Bob has this Funda

Comrade Comrade
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open_mouth sweat
Deal Subedar Deal Subedar
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I have closed my account in march 2022, can i again open new SB A/c  out of these ?

These accounts can't be opened by vkyc? Right?

Deal Newbie Deal Newbie
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Which one is better in these 3 ?

Bob lite, bob bro, kotak811

Comrade Comrade
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Bob LITE  it has free rupay Platinum card and life time zero balance.

Bob bro is for 16 - to 25 age group if anyone is in this group it is best
The PostMighty The PostMighty
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Anyone opened bob lite yet ?

Finance Ninja Finance Ninja
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2-3 bando ne open kar liya.

1 ne bola virtual card option me physical dekh raha hai.
View 1 more reply
Deal Cadet Deal Cadet
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Bob bro physical rupay card free?

Deal Subedar Deal Subedar
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Is it possible to open central/state government employees salary zero balance account online?

Trying to buy not getting link

Deal Newbie Deal Newbie
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Any salary accounts for any one is zero balance only. 
Make sure the Type of salary account product code and scheme  you are choosing should in your limit of salary ( more is okay, less is not okay)
suppose you are in sbi gold  limit is  25 above
sbi platinum limit is 1 lakh above
if your salary is 28K but chosen platinum may lead to charges or downgrading of account

For 90 days if salary is not credited it will be converted to normal savings account
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