Bank Of Baroda

Minimum Balance for a Bank Of Baroda Account


Bank of Baroda, one of India’s leading financial institutions, offers a diverse range of savings accounts to cater to the varied needs of its customers.

While most accounts require maintaining a minimum balance, Bank of Baroda also offers a zero-balance savings account option.

What is a Minimum Balance?

A minimum balance is the lowest amount of money that you must keep in your bank account at all times.

This requirement ensures that banks maintain a certain level of liquidity and are able to cover their operational costs.

The minimum balance requirement varies depending on the type of account you have, the branch location, and other factors.

What is the Minimum Balance for a Bank of Baroda Savings Account?

The minimum balance requirement for Bank of Baroda savings accounts varies depending on the type of account and the branch location. For regular savings accounts, the minimum balance requirements are as follows:

  • Rural branches: ₹500
  • Semi-urban branches: ₹1,000
  • Urban and metro branches: ₹2,000

Does Bank of Baroda Offer a Zero-Balance Savings Account?

Yes, Bank of Baroda offers a zero-balance savings account called the Baroda Advantage Zero Balance Savings Account.


This account is ideal for those who want to avoid maintaining a minimum balance and still enjoy the benefits of a traditional savings account.

Benefits of a Zero-Balance Savings Account

Zero-balance savings accounts offer several advantages, including:

  • No minimum balance requirement
  • Free ATM transactions
  • Internet banking and mobile banking facilities
  • Debit card facility

Drawbacks of a Zero-Balance Savings Account

While zero-balance savings accounts offer several benefits, they may also have some drawbacks, such as:

  • Limited transaction limits
  • Higher charges for additional services

Choosing the Right Bank of Baroda Savings Account

When choosing a Bank of Baroda savings account, it is important to consider your individual needs and preferences.

If you are comfortable maintaining a minimum balance, a regular savings account may be a good option.

However, if you prefer to avoid minimum balance requirements, a zero-balance savings account may be a better choice.

Bank of Baroda’s commitment to providing accessible and flexible banking solutions ensures that customers can find an account that suits their financial needs and lifestyle.


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