Bank of Baroda has introduced many new and attractive benefits to its customers. These include minimum balance discount, lounge access on credit cards, and reward points on UPI transactions. This article will tell you in detail about these new rules and benefits of Bank of Baroda.
Bank of Baroda has emphasized on providing banking services to its customers, especially in rural areas. By reducing the requirement of minimum balance, the bank has also given small account holders an opportunity to avail banking services. Apart from this, the facility of airport lounge access to credit card holders is also being provided, which will make their travel experience even better.
Savings accounts of Bank of Baroda are also full of many characteristics. These include interest rates, minimum balance requirement, and a variety of benefits. The bank has also provided its customers to easily manage their accounts through digital banking services.
Bank of Baroda Update 2025
Bank of Baroda has made changes in several important rules for 2025. The purpose of these changes is to provide better services to customers. Let us know in detail about these changes:
| Rule | Description |
| Minimum balance | ₹ 500 in rural areas, ₹ 1,000 in semi-urban areas, ₹ 2,000 in urban/metro areas |
| Lounge access | Free lounge access based on expenditure on credit card |
| Nomination facility | Permission to enroll up to 4 in one account |
| UPI transaction | Reward points limit on UPI transaction removed |
| Fixed deposit | More interest rate on special FD schemes |
| Digital banking | Improvement in mobile and internet banking services |
Minimum balance discount
Bank of Baroda has given a big relief to its account holders and gave a discount in the need for minimum balance. Now account holders in rural areas will have to keep a minimum balance of ₹ 500, ₹ 1,000 in semi-urban areas and ₹ 2,000 in urban/metro areas. This change is especially beneficial for small account holders and people in rural areas.
Characteristics of Bank of Baroda Savings Account
Savings accounts of Bank of Baroda are full of many characteristics. These include interest rates, minimum balance requirement, and a variety of benefits. The bank has also provided its customers to easily manage their accounts through digital banking services.
Interest rates
Interest rates on Bank of Baroda’s savings account differ in different categories:
| Balance | Interest rate |
| Up to ₹ 1 lakh | 2.75% |
| From ₹ 1 lakh to ₹ 10 crore | 2.75% |
| From ₹ 10 crore to ₹ 50 crore | 2.75% |
| ₹ 50 crore to ₹ 100 crore | 3.00% |
| ₹ 100 Crore to ₹ 200 Crore | 3.00% |
| From ₹ 200 crore to ₹ 500 crore | 3.05% |
| From ₹ 500 crore to ₹ 1,000 crore | 4.10% |
| More than ₹ 1,000 crore | 4.50% |
Different types of savings account
Bank of Baroda provides various types of savings accounts, some of which are as follows:
- Baroda Platinum Savings Account: This account offers high cash withdrawal limits and special benefits.
- Baroda Women Shakti Savings Account: Specially designed for women, including high interest rates and other benefits.
- Baroda Champ Account: Specially created for children, requiring zero minimal balance.
- Baroda Pensioners Savings Account: Zero minimum balance and other special benefits for pensioners.
Digital banking services
Bank of Baroda has allowed its customers to easily manage their accounts through digital banking services. These services include mobile banking and internet banking, so that customers can access their accounts from anywhere and anytime.
mobile banking
Bank of Baroda’s mobile banking service allows customers to manage their accounts through their smartphones. Through this service, customers can easily do various activities such as transactions, bill payments, and fund transfer.
Internet banking
Internet banking service provides customers to reach their accounts through their computer or laptops. Through this service, customers can see their accounts information, do transactions, and complete other banking works.
Bank of Baroda Credit Card Benefits
Credit card holders of Bank of Baroda are provided many special benefits. These include lounge access, reward points, and special offers. Free lounge access facilities are also being provided on the basis of expenditure on credit card, which is particularly beneficial for travelers.
Lounge access
Credit card holders of Bank of Baroda are being provided free access facilities in the airport lounge. This feature makes their travel experience even more comfortable.
Reward points
Customers get reward points on spending on credit card, which can be redeemed for various types of benefits.
Disclaimer: This article has been written for the purpose of general information and it would be appropriate to contact the Bank of Baroda official website or their representative to confirm the information mentioned in it. This article does not confirm any specific plan or policy, and its purpose is only to provide general information.
