Bank Of Baroda Zero Balance Account Limit

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The Bank Of Baroda Zero Balance Account is designed for convenience and accessibility, and offers a straightforward savings option with no minimum balance requirement.

While this account provides flexibility in managing your finances, it’s essential to understand the associated limits to ensure optimal usage.

What is the Bank Of Baroda Zero Balance Account Limit?

The Bank Of Baroda Zero Balance Account does not impose a minimum balance requirement, meaning you can maintain a zero balance without incurring any fees.

However, there are certain limits to be mindful of when utilizing this account:

1. Transaction Limits:

  • ATM Transactions: The maximum daily ATM withdrawal limit for the Zero Balance Account is ₹10,000.
  • Non-ATM Transactions: The maximum daily non-ATM transaction limit, including online transfers, POS transactions, and cheque withdrawals, is ₹50,000.

2. Annual Limits:

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  • Cash Deposits: The maximum annual cash deposit limit for the Zero Balance Account is ₹2,00,000. Exceeding this limit may require additional documentation and verification.

3. Overdraft Facility:

  • Overdraft Facility: The Zero Balance Account does not offer an overdraft facility, meaning you cannot withdraw more than the available balance in your account.

4. Additional Considerations:

  • Dormant Account Charges: If your Zero Balance Account remains inactive for more than 12 months, a dormancy charge of ₹100 may be applicable.

How to Maximize Your Bank Of Baroda Zero Balance Account

To utilize your Bank Of Baroda Zero Balance Account effectively, consider these tips:

  • Manage ATM Transactions: Utilize ATMs within the Bank Of Baroda network to avoid interbank charges.
  • Plan Non-ATM Transactions: Plan your non-ATM transactions strategically to avoid exceeding the daily limit.
  • Monitor Cash Deposits: Keep track of your annual cash deposit limit to avoid any restrictions.

The Bank Of Baroda Zero Balance Account offers convenience and flexibility for managing your finances.

By understanding the associated limits and utilizing the account responsibly, you can maximize its benefits and maintain a healthy financial approach.

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