Savings Account Rules Now even if there is 0 balance in the account, there will be no penalty and the account will not be closed, know why
BOB 0 Balance Students Savings Account: Bank of Baroda has given a special gift to students aged between 16 to 25 years.Now students will be able to open a new zero balance account with many facilities.
New Delhi. Whenever someone opens a savings account, a minimum balance of Rs 5,000 to 10,000 has to be maintained in it. At the same time, this limit of some banks is also up to Rs 25 thousand. But now Bank of Baroda has made a big announcement and given a gift to the people. This is BOB BRO Savings Account. You will not be charged any penalty for maintaining any balance in this account. This will be a zero balance account and along with this the bank is also offering many other facilities along with lifetime debit card. However, this bank account is being offered to students and youth between 16 to 25 years of age can open this account.
Chief General Manager of the bank Ravindra Singh Negi told during this time that the bank has offered this product especially for the youth. Through this they become familiar with the world of banking and their special needs are taken care of. Through this, some benefits will also be provided to the students which will be very important for them.
It is noteworthy that BOB has also entered into a special banking partnership with Mood Indigo, the annual fest of IIT Bombay, to attract the youth towards this product. VG Senthilkumar, head of marketing and branding of the bank, said that the association with Moody’s is like an association with the new generation. We are working to make banking more meaningful for the youth and are committed to making banking even better in the future.
What will be the specialty of this account?
Students between 16 to 25 years can open.
Lifetime Free RuPay Platinum Debit Card
Domestic airport lounge use (twice in three months)
Personal Accidental Insurance Cover of Rs 2 lakh
Auto Sweep Facility
Free NEFT, RTGS, IMPS and UPI facility
limitless free check
SMS and email alerts
Full discount in Demat AMC
No processing fee and low interest rates on education loan
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