Bank of Baroda Zero Balance Savings Account

Last Updated : March 20, 2025, 5:26 p.m.

Bob offers one of the best zero balance accounts . Undoubtedly, a zero-balance account is more flexible than a regular savings account. It requires no balance maintenance. It adds to the financial accounts of an individual as a 0 balance account and has all the banking facilities that a regular savings bank account offers to its customers such as Internet banking, Mobile Banking, cards, customer support, etc.

So, why the wait? You can visit your nearest branch or bank’s website and open a zero balance savings account in simple and easy steps and enjoy seamless banking facilities.

Types of BoB Zero Balance Savings Account

Some of the zero balance accounts offered by bank of Baroda are -

• Baroda advantage zero balance savings account.
• Baroda Champ account.
• Baroda salary variants accounts
• B3 accounts
• Baroda Government Employee Salary Account Scheme.
• Basic savings bank deposit account.
• Baroda defence salary package account

Features of Bank of Baroda Zero Balance Accounts

Baroda Advantage Zero Balance Savings Account

• Eligibility - All resident individuals above age 18 years.
• There is no ceiling on the amount deposited
• Free unlimited ATM transactions
• Internet Banking/Mobile Banking

Baroda Champ Account

• Eligibility
  • Age – 0 years up to 18 years of age, single in the name of minor above 10 years to the age of 18years or jointly with either of the parent/guardian.
• Balance Requirement
  • Maximum credit balance is Rs 1.00 lakh.

Baroda Salary Variants Accounts

• There is no ceiling on the amount deposited.
• Processing charges of retail loans are waived.
• Discounts on issuance of DD / BC.
• Free credit cards.

B3 Silver Account

• The Product is specifically designed for individuals using mobile banking.
• Maximum Amount No Restriction.
• Free withdrawals on BOB ATMS.

Key Features of Bob Zero Balance Accounts

Some of the features are as below-

• Free unlimited Transactions at ATMs (BOB and other Bank ATMs)
• Free RTGS / NEFT / IMPS (through all modes).
• Free Demand Draft / Banker’s Cheque.
• Free Internet Banking – Baroda Connect.
• 50% waiver on Bank Locker
• 100% waiver on Demat Annual maintenance charges.
• 75% waiver on issuance charges for Gift and Travel Card.
• Invest online in various Mutual Funds through Mobile App.
• Services like BHIM Baroda Pay, BHIM App, Bharat Bill Payment services, Fast Tag etc.
• Bob allows free balance enquiry using Bob balance check enquiry .

Eligibility For a BoB Zero Balance Savings Account

The eligibility of a Bob Zero balance account is -

• A resident individual who is above the age of 18 years. But, for the Bob Champ account minors can be opened from age 0 to the age of 18 years.

Documents Required for Bank of Baroda Zero Balance Savings Account

Below is a list of documents required for a zero-balance account at Bob:

• Proof of Identity: Passport, Aadhaar card , ration card, driving licence, or voter ID card.
• Proof of Address: Voter ID card, PAN card, passport, Aadhaar card, or driving licence etc
• Passport size photographs which are self attested.
• The KYC documents can be submitted online through video KYC to the bank.

How to open a Bob Zero Balance Savings Account?

Bob zero balance account can be opened both online and offline.

If you prefer banking services offline, the following steps are for you:

Step 1: Visit your nearest bank branch.

Step 2: You can enquire about the 0 balance account to a bank representative.

Step 3: Ask for the account opening application form.

Step 4: Fill in the form carefully and submit the same along with the required documents such as address proof, identity proof, income proof and a passport-size latest photograph of yours.

You will be notified through SMS or email once the process is completed.

If you wish to open the zero balance account from the comfort of your home, follow the following steps -

Step 1: Visit the bank's official website.

Step 2: Examine the 0 balance account and fill in the application form.

Step 3: Upload the soft copies of the required by the bank. This includes the identity and residence proof etc.

Step 4: KYC verification can be done through the video KYC facility.

After successful verification, you will be provided with a customer ID and account number by the bank.

Step 5: You can log in using net banking or mobile banking in order to create a password and start banking immediately.

Maximum Limit for Bob Zero Balance Savings Account

• There is no maximum balance limit for a zero balance savings account.

UPI Transaction Limit for Bob Zero Balance Savings Account

The UPI transaction limits are as below -

• Daily Limit: You can make UPI transactions up to ₹1,00,000 per day
• Minimum Transaction: The minimum amount for a UPI transaction is Re. 1.
• Maximum Transactions: The maximum number of UPI transactions you can make per day is 10.
• Post PIN Reset/First Time User: For the first transaction after resetting the UPI PIN or for a first-time user, the limit is ₹5,000.

What is the Withdrawal Limit Per Day for Bob Zero Balance Savings Account?

• The daily withdrawal limit for a zero balance account at Bank of Baroda is Rs. 50,000.