Below is the list of accounts by the Bank of Baroda,features,eligibility requirements and costs:
Personal Banking Accounts
Baroda Current Account Individual
Baroda Current Account Individual : Features
- Mobile banking
- Cheque book facility
- Monthly statements
Baroda Current Account Individual : Eligibility
Eligibility for Baroda Current Account:
- Ideal for individuals and sole proprietors who need banking facilities more frequently
Baroda Current Account Individual : Documents Required
- National ID/Alien ID
- Passport size photo
- Proof of physical address (Utility bills etc)
- KRA PIN certificate
Baroda Current Account Individual : Terms & Condition
Ksh. 7000 minimum balance (can be operated in Ksh, USD, GBP)
Service charge guidelines will be applied. These guidelines may change from time to time.
Baroda Fixed Deposit Account
Baroda Fixed Deposit Account : Features
- Attractive interest rates
- Flexible tenor periods – 30 Days minimum and a maximum of 5 years.
- Auto renewal facility
- Deposits can be in Ksh, USD, GBP
Baroda Fixed Deposit Account : Eligibility
Baroda fixed Account Eligibility:
- KYC guidelines as per Central Bank of Kenya
- Ideal for Individuals, minors, NRIs, and Associations
Baroda Fixed Deposit Account : Documents Required
- Identification Card
- KRA PIN certificate
- Dully filled account opening application form (for existing customers)
Recurring Deposit Account (Bob Vuna)
Recurring Deposit Account (Bob Vuna) : Benefits
- Decent returns on your investment
- Regular saving-cum-investment habits
- Flexible tenure periods on RD accounts: 12-60 months
- No upper limit on the amount invested in the RD schemes.
Recurring Deposit Account (Bob Vuna) : Key Features
High interest rates
Flexible tenure
Regular investment schemes
Decent saving habits
Recurring Deposit Account (Bob Vuna) : Eligibility
Eligibility for Recurring Deposit Account (BoB VUNA):
- All individuals
- Non-individuals
Recurring Deposit Account (Bob Vuna) : Documents Required
Identification Card
KRA Pin Certificate
Recurring Deposit Account (Bob Vuna) : Terms & Condition
- Deposits: Minimum Ksh. 1000 no upper limit
- Tenure of Deposit: 12 months minimum and 60 months maximum
Baroda Savings Account
Baroda Savings Account : Benefits
- Zero account Maintenance fee
- Unlimited deposit and withdrawals
- Mobile Banking services
- Free monthly account statement
- No limit on withdrawals
- VISA Debit card facility
Baroda Savings Account : Features
- Flexible deposit options
- VISA Debit card
- Unlimited transactions
- Cheque book facility
- Mobile banking
- Internet Banking
Baroda Savings Account : Eligibility
Eligibility for Baroda Savings Account:
- Individuals
- Students
- Salaried persons
Baroda Savings Account : Terms and Condition
*Ksh. 1000 minimum balance
Service charge guidelines will be applied. These guidelines may change from time to time.
Baroda TOTO Account
Baroda TOTO Account : Key Features
- Competitive interest rates
- Banker’s cheques
- Monthly statements
- Demand drafts towards school/college fees
Baroda TOTO Account : Eligibility
Eligibility for Baroda TOTO Account:
- For minors (Jointly with Parent / Guardian)
Baroda TOTO Account : Documents Required
- Identification document
- Passport size photograph
- KRA PIN
- Proof of address
Baroda TOTO Account : Terms & Condition
Ksh. 1000 Minimum Balance. (No fee charged on not maintaining minimum balance)
Corporate Banking Accounts
Baroda Premium Current Account
Baroda Premium Current Account : Key Features
- Funds in the account over Kshs.500000/- shall be automatically converted to short term deposits bearing deposits in multiple of Kshs. 100000/- through Auto Sweep Facility. The period of short term deposit will be from 30 days to 91 days. Auto sweep will take place when the balance is Kshs. 600000/- & above.
- No limit on Maximum Balance
- Unlimited issuance of cheque books
- No Ledger Folio Charges
- Free Demand Draft / Banker’s Cheque Facility
- Free RTGS Facility
- Free Net Banking Facility
- Free Salary Processing Facility
- Zero account Maintenance fee
- Statement of Account shall be given twice a month free of cost
- Bulk Salary Upload facility and instant credits.
- Free monthly account statement
- CHEQUE BOOK FACILITY
Baroda Premium Current Account : Eligibility
- Premium Current Account for Individuals and Business Entities with an attractive interest on Deposits and bundle of other benefits.
Baroda Premium Current Account : Terms & Conditions
Minimun Balance
QAB Kes 500000/- (Can be operated in Kes, USD & GBP)
Baroda Kenya Salary account
Baroda Kenya Salary account : Features
- No Minimum Balance
- No Maintenance Charge
- Cheque Book Facilities Available
- Baroda Connect-Internet Banking
- Mobile Banking with mPesa services
- Nil processing fees.
Baroda Current Account
Baroda Current Account : Key Features
- Easy to operate
- Unlimited deposit and withdrawals
- Collection of upcountry cheques
- Execution of SI
- No limit on withdrawals
- Free monthly account statement
- CHEQUE BOOK FACILITY
Baroda Current Account : Eligibility
- All Business firms, Companies, Institutions and other Corporate bodies
Baroda Current Account : Terms & Conditions
Minimun Balance
- Kes 7,000/- (Can be operated in Kes, USD & GBP)
Fixed Deposits
A Fixed Deposit is a saving instrument where you put a lump sum amount for a fixed period of time and earn a higher rate of interest. On maturity you earn the principal invested along with the interest, which you can always reinvest. It is an excellent tool to make your money grow earning fixed rate of interest.
| Features / Benefits | Fixed Deposit Account | Recurring Deposit Account |
| Who can open?
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| Min Amt. | Kes 50,000/- | Kes 500 and in multiples of Kes100 |
| What you get |
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