Bank of Baroda savings account: If you are planning to open a savings bank account with the Bank of Baroda (BoB) but are reluctant to visit the bank branch as coronavirus cases are on the rise, you have an option of doing it online. The bank claims that a savings bank account can be opened in just five minutes and 4 easy steps. Most banks refuse to open a new account unless the customer actually visits a branch and that is why BoB initiative acquires much importance.  

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With the InstaClick facility being offered by the bank, you can avail the banking services anywhere and anytime in an effortless manner. A savings bank account can now be opened from the comforts of your homes. 

4 easy steps to open your Bank of Baroda savings account: 

  1. In the first step you have to provide your basic details like name, mobile number. You are also required to declare if you are a minor or not and an Indian citizen. Read the general terms and conditions and then click the checkboxes which say that you have understood the terms and conditions and CKYC terms.  
  2. Provide your PAN and Aadhaar details in the next step. 
  3. Now provide address details and select the branch in which you want to open an account.  
  4. Now fill personal details, nomination and details about additional services. 

See Features here:  

  1. It is a limited KYC account and needs to be converted to full KYC A/c before expiry of 12 month from date of account opening.  
  2. Maximum permissible balance is Rs 1 lakh on any day while maximum cumulative credit/deposit is Rs 2 lakhs in a financial year. 
  3. You can request for a Rupay Classic variant debit card at the time of account opening.  
  4. Cash withdrawal can be done using Card less withdrawal facility. 

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The bank has also not put any requirement of a minimum balance commitment on your Baroda InstaClick Savings Account which comes with zero balance facility.