BOB Online Account Opening – Complete process for opening an account in BOB!

Now you can also open your bank account online through the bank’s website app. Open your account at your convenience without the need of visit the bank branch. This is an end-to-end online account opening process through video KYC.

BOB Online Account Opening 

Retail customers having our bank’s active debit card, can register themselves for BOB world internet from his office or home without visiting branches.Bank Of Baroda has launched the BOB BRO saving account, a zero balance savings account especially designed for students aged 16 to 25 years.

You can apply in person to the bank you desire. It is simple way as you will get seamlessly assisted by the bank employee, who is specifically dedicated to this job, and the most conveniently, you can quickly apply online.

There are some steps to open a saving account:

  • Choose how to apply.
  • Choose  your identification 
  • Provide contact details
  • Select a single or joint account.
  • Accept the terms and conditions.
  • Submit your application
  • Fund your new account

The minimum quarterly average balance is 2,000 in Semi-urban or Rural banlances and 5,000 in Urban branches.

Account Type Minimum Balance
Baroda Advantage Saving Account Rural Rs. 500 Semi- urban -Rs. 1,000

Urban/Metro- 2,000

Baroda Champ Account Rs. 0
Baroda Pension Saving account bank account Rs. 0
Baroda SB Self-Help group account Rs. 1,000

How to open a BOB Account?

Following are the prerequisites for opening of the account through online mode:

  • Aadhar Card
  • Mobile linked to aadhaar for OTP
  • PAN card
  • Your recent scanning image of photograph, size up to 1 MB
  • Your scanned image of address proof of address, size up to 1 MB
  • Your scanned image of proof of identity, size up to 1 MB
  • Your signature scanned, size up to 1 MB
  • You have to Mobile carried a mobile in person to branch for OTP verification while account opening

There are step by step to open your BOB account online:

  • Download the BOB app on your mobile.
  • You will find three horizontal lines in the top left corner then click it and select ‘Account’.
  • Select the ‘Open a saving account digitally’ option.
  • If you agree with their terms and condition then click on the yes option.
  • Provide your contact details including product type and bank sub-product. 
  • Then press the ‘Generate OTP’ button to receive the code.
  • Provide you PAN card, Aadhaar card number.
  • After completion, the bank officials will verify your provided details and contact you for future verification.
  • Then complete your KYC verification, and now you can start using your new BOB saving account.

Who is eligible for BOB online account opening

To opening your BOB online account you need to meet the following eligibility criteria:

  • You must be an Indian citizen and you should be at least 18 years or above.
  • Minors can also open their BOB savings account with the help of their parents.
  • You must also have a valid identity and address proof to open the savings account online.
  • You also have a parent’s legal guardian of the minor to open the account. 
  • Any Indian resident around 18 years of age is eligible to open a zero balance saving account in BOB.
  • You are the Hindu Undivided Family.
  • Sole partnership firms.
  • Your account balance is Rs. 500 in ruler, Rs. 1000 in semi urban and Rs. 2000 in urban metro.
  • You have a Limited liability partnership firm.
  • The Internet bank facility available subject to age of account holder is 10 years.

At the time of opening an account, you will be made to sign a number of documents, which includes that he/she has understood all the Terms and conditions of the bank.

Benefits of BOB online account opening

Online saving account benefits such as competitive interest rates, no monthly fees for maintenance, and easy to access to your account aren’t offered by all banks and you can quickly and painlessly open an online saving account and manage it on-the-go.

One of the benefits of an online saving account is that you can take your willpower out of the equation bt setting up weekly or monthly automatic deposit from your checking account in your online saving account.

Features Regular Current Account
Average Quarterly Balance (AQB) Rs. 10,000 
Non- Maintenance Charges  Rs. 1,500

If you open an online saving account with no monthly maintenance fee, you can rest easy knowing that this online saving account benefits lets your fund go to work building interest to reach your financial goals.

A bank will pay you an interest rate multiple by the total amount of money deposited and maintained in your savings account, these percentages and interest rate can change over time.

Stop worrying about your financial stability, our senior citizen privilege scheme offers the best interest rates and that too with the flexible fixed deposits.

BOB online account KYC Documentation

Bank KYC documentation has increased over the years, and the main documentation needed is for the identity of the customer and identifying his/her address.

BOB has been pioneering digital adoption in its products and processes with an objective to deliver seamless customers who can now open their bank account by identifying themselves using the video of KYC process.

Their online saving account opening using video KYC for customer identification Process is a 100% paperless, digitally and self-assisted online account opening journey for the customer. 

In identity proof the documents that are generally valid are like passport, driving licence with photograph, Permanent Account Number (PAN), Voter identity, Jb card issued by NREGA (National Rural Employment Guarantee Act, 2005).

Attested by the government official and Aadhar card or any other document issued by the Unique Identification Authority of India.

  • Fill up the digital account for opening online.
  • Provide consent to the bank to fetch your Aadhaar detail and then enter your PAN number.
  • Then upload your photograph .
  • Click on a link and proceed to video KYC.
  • Allow the bank to access your mobile phone location, your camera or microphone.

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