Bank of Baroda launches BOB Lite Savings Account, a lifelong zero balance savings bank account. This facility of the bank has been launched under the festive season “Festive Spirit with Bob”.
Banking & Finance
Bank of Baroda (BoB) has introduced BOB Lite Savings Account, a lifetime zero balance savings bank account. This facility of the bank has been launched under the festive season “Festive Spirit with Bob”. Bob Lite offers customers a banking experience without any minimum balance requirement, the bank said in a statement. This is a zero balance account. Transactions are allowed in this savings account. But commercial transactions are not allowed. If any non-permitted transaction is found, the Bank may close the account with prior intimation/communication stating the reason. In case of minor single account, when the account is being operated by him, the maximum amount outstanding in the account on any day is Rs. The amount should not exceed Rs 100000/- if the age of the minor is between 10 to 14 years. Salaried class people, businessmen, self-employed, professionals, business executives, housewives, minors above 10 years of age etc. are eligible for this facility.
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