Bank of Baroda has a special saving account for the salaried employee under the name Baroda Salary Advantage Saving Account. This is an account that has an inbuilt overdraft facility for the salaried person.
Features
| Benefits | As per the rules of saving account you can earn interest on credit balance. There is no ceiling on the amount to be deposited and credit balance in the account. |
| Overdraft facility | Available, up to Rs 1 lac subjected to 90% of the net salary (average of last three months) |
| Minimum Balance | No minimum balance |
| Cheque Book | Available |
| Who can apply | Individuals (regular employees state and central govt.). PSU Semi-govt. Organization State/Central Govt. Corporation Urban Development Authorities Educational Institution Universities MNC's Reputed Public ltd. Companies Selected Private ltd. Companies |
| Age | Minimum 21 years |
| Minimum Take-Home Salary | Rs 5000 |
Terms and Conditions
- Third Party Guarantee
- The minimum age must be 21 years or above to open this account.
- The minimum basic salary of an individual must be Rs 5000.