Bank of Baroda launches new package for Current Account to boost business, Check features here

Bank of Baroda, one of India’s top public sector banks, has introduced a comprehensive Current Account Package. This package includes seven new Current Account products, each designed to meet specific business banking needs, providing a boost to businesses.

Unveiling the Package

The announcement was made at an event held at the Bank’s Corporate Office, with the MD & CEO, Debadatta Chand, leading the launch. The event was attended by the Bank’s Executive Directors, CVO, and Shafali Verma, an Indian Cricketer and the Bank’s Brand Endorser.

New Current Account Products

The newly launched bob Current Accounts cater to various business segments. They are:

1. bob Lite: For individuals, sole proprietorships, and small businesses.
2. bob Women Power: Tailored for women entrepreneurs.
3. bob Smart: Aimed at businesses primarily conducting digital transactions.
4. bob Gold: Targeting medium-sized businesses.
5. bob Platinum, bob Rhodium, and bob Diamond: Designed for large businesses with high transactional requirements.

Features and Services

These accounts come with specific features and value-added services based on the chosen account. Some highlights include:

• Higher anywhere cash deposit limits
• Free Sound box with QR code and POS machine (with zero monthly rental)
• Bundled collateral-free overdraft facility
• Curated Baroda Cash Management Services for higher account variants
• Lower monthly average balance requirements

CEO’s Perspective

Debadatta Chand, MD & CEO of Bank of Baroda, emphasized the bank’s commitment to meeting the evolving banking needs of various businesses. He stated that the new range of bob Current Accounts is designed to support customers’ growth plans by offering innovative and tailored financial solutions.

Additional Benefits

Apart from the core features, account holders can enjoy benefits such as:

• Lifetime free corporate credit card (subject to eligibility)
• Discounts on processing charges for retail loans (home, auto, education, and mortgage loans)
• Discounted demat account facility

Revamped Existing Products

In conjunction with the new launch, Bank of Baroda has also revamped its existing current account products – bob Advantage, bob Premium, and bob Supreme. These enhancements make these products more competitive and attractive for customers.