News

Bank of Baroda (BoB) introduces the 'Masterstroke Savings Account' tailored for premium customers.

Banking & Finance | Dated: 10 Oct 2024

Bank of Baroda (BoB) has introduced the bob Masterstroke Savings Account, designed for high-net-worth clients. This premium account offers exclusive benefits such as higher interest rates via the Flexi Fixed Deposit facility, priority banking, and wealth management consultations.

🎯 Key Highlights:

- Customers receive the bob World Opulence Visa Infinite Debit Card (Metal Edition) and a lifetime-free Eterna Credit Card (subject to eligibility).

💡 Other Important Facts:

(i) The account includes a sweep facility for balances above Rs 20 lakh and provides a 0.25% concession on retail loan interest rates. Customers must maintain a Quarterly Average Balance (QAB) of Rs 10 lakh to avail of these benefits, with penal charges of Rs 3,000 per quarter for non-maintenance.
(ii) The launch coincided with the appointment of cricketing legend Sachin Tendulkar as Bank of Baroda's Global Brand Ambassador.

📚 Test Your Knowledge:

Which bank launched recently the Masterstroke Savings Account?

Correct Answer: Bank of Baroda

🚀 Quick Recap:

About Bank of Baroda (BoB),

CEO & MD : Debadatta Chand
Headquarters: Alkapuri, Vadodara