Bank of Baroda increases minimum balance amount by 100%
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Bank of Baroda increases minimum balance amount by 100%, save more to escape fine
Bank of Baroda has increased the minimum balance limit from Rs 1,000 to Rs 2,000 for savings accounts in urban, metro and semi-urban branches. For savings accounts in the bank’s rural branches, the limit has been increased from Rs 500 to Rs 1,000.
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https://www.desidime.com/discussions/bank-of-baroda-increases-minimum-balance-amount-by-100?page=1#post_5545749
The new minimum balances will become applicable from February 1, 2019.With the merger of Vijaya Bank and Dena Bank with Bank of Baroda, it is likely that the new minimum balance rules for savings accounts will also be applicable for savings accounts in these two banks.
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That’s the merger effect