Bank of Baroda waives off minimum account balance charges on savings bank accounts. What does this mean?
From July 1, 2025, saving bank account holders will not be liable to pay any minimum account balance (MAB) charges if they fail to maintain the minimum balance. However, there will be charges on premium bank accounts
Bank of Baroda has waived off minimum account balance charges from July 1, 2025. However, the bank will continue to levy charges on its premium savings bank accounts. These premium accounts include BOB Master Stroke SB account, BOB super savings account, BOB Shubh Savings account, BOB Platinum SB account, BOB Institutional account, and others.
Notably, PNB introduced a similar rule a couple of days ago.
Let us understand more on this here. There are 19 premium savings bank accounts offered by Bank of Baroda and there will be minimum charges in case the minimum balance is not maintained on any of these accounts.
Premium savings account
For instance, minimum balance in case of bob Sapphire Women SB Account is ₹1 lakh failing which minimum balance of ₹50 (excluding GST) will be levied in case of a metro city.
Likewise, minimum balance of ₹5 lakh will be levied in case of BOB Master Stroke SB account, failing which minimum charges of ₹200 will be levied.
Minimum balance of bob SUPER SAVINGS Account is ₹20,000 and minimum balance is ₹50.
| Account | Minimum balance | Minimum charges (excl GST) |
|---|---|---|
| bob Sapphire Women SB Account | 1,00,000 | 50 |
| BOB MASTER STROKE SB ACCOUNT | 5,00,000 | 200 |
| bob SUPER SAVINGS Account | 20000 | 50 |
| bob SHUBH SAVINGS Account | 15,000 | 50 |
| bob CENTENARY SAVINGS Account | 10,000 | 20 |
| bob PLATINUM SB Account | 1,00,000 | 50 |
| bob INTSTITUTIONAL Account | 10,000 | 50 |
| B3 EDGE ACCOUNT | 25,000 | 50 |
| B3 ULTRA ACCOUNT | 50,000 | 50 |
| SPECIAL SAVINGS BANK ACCOUNT FOR PROFESSIONALS | 25,000 | 50 |
| bob Senior Citizen Samman Scheme | 1,00,000 | 50 |
| bob Premium NRE Saving Account | 50,000 | 20 |
| BARODA POWER PACK NRE SAVINGS ACCOUNT | 2,50,000 | 50 |
| BOB GLOBAL WOMEN NRE SAVING ACCOUNT | 1,00,000 | 20 |
| BOB MASTER STROKE SB NRE ACCOUNT | 5,00,000 | 200 |
| bob CENTenary SB DEP - NRO Account | 10,000 | 10 |
| BOB PREMIUM NRO SAVING ACCOUNT | 1,00,000 | 20 |
| BOB GLOBAL WOMEN NRO SAVING ACCOUNT | 1,00,000 | 20 |
| BOB MASTER STROKE SB NRO ACCOUNT | 5,00,000 | 200 |
(Source: Bank of Baroda)
In case of BOB master stroke SB NRO account, minimum balance is ₹5 lakh, for BOB GLOBAL WOMEN NRO saving account, minimum balance is ₹one lakh and for BOB premium NRO saving account, minimum balance is ₹one lakh. In case of bob senior citizen samman scheme, minimum balance is ₹one lakh.
For special savings bank accounts for professionals, the minimum balance is ₹25,000 and for BOB global women NRE saving account, minimum balance is ₹one lakh.
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