Baroda Centenary Savings Account

The Baroda Centenary Savings Account from Bank of Baroda is a superior savings account that offers various value added services. Under this account, cardholders have the benefit of a free debit card along with the advantage of immediate credit of outstation cheques worth up to Rs.25,000. Other features such as the auto sweep facility and auto reverse sweep facility are also available in the Baroda Centenary Savings Account.

Features and Benefits of Baroda Centenary Savings Account:

The main features and benefits of the savings account are:

Auto sweep facility – Bank of Baroda allows account holders of this account the facility of auto sweep which enables auto transfer of funds that exceed certain fixed amount to Term Deposits, in order to generate high yield on such funds.
Auto reverse sweep facility – This facility is provided in case of need to honour cheque from Term Deposit to Savings Account.
Free collection of outstation cheques – Account holders of the Centenary Savings Account are also entitled the facility of collection of outstation cheques without any charge. However, postage out of pocket expenses are recoverable.
Free Debit Card – The account holder is also entitled to a free debit card with the account.
Immediate credit outstation cheques – Up to Rs.25,000 of outstation cheques are eligible to be credited immediately, as per norms.

Interest rate on term deposits & NRO deposits:

Tenors	Rs.1 crore to Rs.10 crore
7 – 14 days	4%
15 – 45 days	4%
46 – 90 days	4.25%
91 – 180 days	4.75%
181 – 270 days	4.75%
Above 271 days and below 1 year	4.75%
1 year	5%
Above 1 year and under 2 years	5%
Above 2 years and under 3 years	5%
Above 3 years and under 5 years	5%
Above 5 years and under 10 years	5%

How to apply for a Baroda Centenary Savings Account:

You can fill in an online form with all the required information for account opening or visit the bank branch along with the documents required to open the account.

Documents required to open a Baroda Centenary Savings Account:

You will be required to submit the following while opening the account:

Recent passport size photograph along with the duly filled application.
ID Proof such as driver’s licence, passport, Aadhar card, Voter ID, PAN card, etc.
Address Proof such as driver’s licence, passport, Aadhar card, Voter ID, ration card, utility bills, etc.
Any other document requested by the bank.

Fees and Charges

Given below are some of the important fees and charges associated with the Baroda Centenary Savings Account:

Particulars	Charges
Cheque Book	40 free leaves. Personalised cheque book - Rs.3/cheque leaf Non-personalised - Rs.2.5/cheque leaf
Passbook	First Passbook – No charge Duplicate Passbook – Rs.50 per Passbook
Statement with latest balance	Rs.50
Statement with latest balance	Rs.50
Opening Account Charges	Rs.50 per half year
Initial Deposit Requirement	Rs.15,000
Minimum Balance Requirement	QAB (Quarterly Average Balance) – Rs.20,000
Inoperative Account Charges	If account maintains stipulated minimum balance – Nil If account not maintained at minimum balance – Rs.75 If account balance is Rs.75 or less – Entire balance is charged as service charge
Premature closure of account within 1 year	Rs.500
Outstation Cheque	Rs.200 per cheque + Rs.50 out of pocket expenses
Nomination	Rs.25 per addition or deletion of nominee
Debit Card Annual Fee	First year – Nil After one year – Rs.100 p.a.
Add on Debit Card	First year – Nil After one year – Rs.100 p.a.
Debit Card Renewal Fee	Nil
Debit Card replacement	Rs.200
Debit Card PIN regeneration	Rs.150 per regeneration
Transactions at Bank of Baroda ATMs	Nil