Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Fury as firm behind sacking of 800 P&O staff over Zoom 'rewarded' by government with 'bumper deal'

    March 28, 2023

    UK banking 'resilient' and inflation fight remains top focus, says Andrew Bailey

    March 28, 2023

    Police: Nashville school shooting suspect was former student

    March 28, 2023
    Facebook Twitter LinkedIn
    Trending
    • Fury as firm behind sacking of 800 P&O staff over Zoom 'rewarded' by government with 'bumper deal'
    • UK banking 'resilient' and inflation fight remains top focus, says Andrew Bailey
    • Police: Nashville school shooting suspect was former student
    • Adebayo says Heat season has ‘flown by’ with goal of not getting grounded over final seven
    • Five planets to line up in night sky
    • 3 children, 3 adults killed at Christian school in Nashville
    • Woman armed with two rifles and pistol kills six in Nashville school shooting
    • Dave Ramsey Ridicules People Making One Key Financial Mistake
    Facebook Twitter LinkedIn
    Business KhabarBusiness Khabar
    • World
    • Auto
    • Business
      • Industries
      • Opinion
    • Market
    • Money
      • Finance
      • Insurance
      • Investment
      • Schemes
    • Sports
    • Other
      • Stories
      • Career
      • Entrepreneurship
      • Property
    • Web Stories
    Business KhabarBusiness Khabar
    Home » Service charge and checkbook rules are changing in Bank of Baroda from November 1, know the details before transaction
    Industries

    Service charge and checkbook rules are changing in Bank of Baroda from November 1, know the details before transaction

    Nisha ChawlaBy Nisha ChawlaOctober 31, 2020No Comments
    Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Bank of baroda, Revision in cash related service charges and cheque book related changes in bank of baroda from 1 november 2020
    Share
    Facebook Twitter LinkedIn Pinterest Email

    If you have an account with Bank of Baroda, then before any transaction, know about the new rules. Yes, Bank of Baroda is going to implement some changes for its customers from 1 November. These changes are related to the service charge and chequebook associated with cash deposit and withdrawal for the bank’s current account, overdraft account, cash credit account, savings account and other accounts. Let’s know their details…

    Bank of Baroda New rules for cash deposit

    1. According to the information available on the bank’s website, cash handling charge for current account/overdraft/cash credit / other accounts in the base and local non-base branches from November 1, per cash, depositing more than Rs 1 lakh per account. 1000 rupees will be 1 rupee. This charge will be minimum of 50 rupees and maximum 20000 rupees.

    In the case of current account/overdraft/cash/ credit / other accounts of the outstation branch, there is no change in the cash handling charge. This charge is Rs 2.50 per 1000 rupees on cash deposit of more than Rs 25000 per account per day.

    2. After depositing cash 3 times in a month from November 1 in the savings account existing in the metro-urban branch of the bank (excluding transactions by other means), for the fourth time, there will be a charge of Rs 50 per deposit. Currently, there is no charge on cash deposits 5 times a month.

    In case of Savings Account, Pensioner Account and Senior Citizen Accounts (excluding Basic Savings Bank Deposit / Financial Inclusion Accounts) of Rural / Semi-Urban Branch, now after depositing cash 3 times in a month (Transactions through other means not included) ) For the fourth time, there will be a charge of Rs 40 per deposit. Cash deposit is free 5 times a month. Apart from this, if cash of Rs 50000 or more is deposited in the mentioned accounts in a day, then the customer will have to tell his PAN to the bank and submit Form 60.

    November Bank Holiday List: Banks will remain closed on these dates in November, first tackle important work

    Bank of Baroda Cash withdrawal charges

    1. Cash withdrawal from current account/overdraft / CC through the base branch, local non-base branch and outstation branch will now be free 3 times a month (no withdrawal from ATM). From the fourth time, there will be a charge of Rs 150 per transaction. Currently, cash withdrawal from the mentioned branches is free 5 times a month.

    2. Talking about a savings account, cash withdrawal will be free 3 times a month from the metro-urban branch (excluding ATM withdrawals). After this, for the fourth time, there will be a charge of Rs 125 per transaction.

    Cash can be withdrawn 3 times a month from November 1 through Savings Account, Pensioner Account and Senior Citizen Account (except Basic Savings Bank Deposit / Financial Inclusion Accounts) of Rural / Semi-Urban branches. After this, for the fourth time, there will be a charge of Rs 100 per transaction. In case of every type of account in the outstation branch, the account holder can withdraw maximum Rs 50000 in a day.

    New rules regarding checkbook

    From November 1, a chequebook containing 20 checks for the current account of the bank will be given at the time of opening the account. After this, the charge for the second checkbook will be Rs 5 per check. In case of cash credit/overdraft account, a checkbook charge of Rs 5 per check will be levied from the issue of the first checkbook at the time of opening the account.

    Axis Bank shares can get 38% return, brokerage boosted target after strong results

    Bank of Baroda bank of baroda service charge and checkbook related new rules bob Changes being implemented in Bank of Baroda from November 1 new rules form november 1 in bank of baroda New rules of Bank of Baroda from 1 November New rules of service charge and checkbook in Bank of Baroda revision in cash related service charges and cheque book related changes in bank of baroda from 1 november 2020
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
    Nisha Chawla
    • Website
    • Facebook
    • LinkedIn

    She is an expert in Banking, Finance and working with an international bank. She sharing her ideas and knowledge with Business Khabar.

    Related Posts

    Fury as firm behind sacking of 800 P&O staff over Zoom 'rewarded' by government with 'bumper deal'

    March 28, 2023

    UK and European markets calm but warning of 'slow motion' problem to come

    March 27, 2023

    Matalan names new chair and CEO as new owners fashion new path

    March 27, 2023
    Top Post

    When will Medicare cover medical marijuana?

    March 27, 2023

    Toyota Fortuner GR Sport and Modellista editions unveiled at BIMS, all you need to know about the mean machines

    March 27, 2023

    UK and European markets calm but warning of 'slow motion' problem to come

    March 27, 2023

    Matalan names new chair and CEO as new owners fashion new path

    March 27, 2023
    Don't Miss
    Sports

    Nikola Jovic, Omer Yurtseven ailing with Heat poised to renew Las Vegas summer-league schedule

    By Bhagyashree SoniJuly 12, 2022

    The whirlwind of a season in Serbia adopted by a month coaching in Miami, then…

    Tech

    You can watch popular shows and movies for free with just one click and on Netflix, learn the complete process

    By Damini SharmaMarch 30, 2021

    You can watch popular shows such as Stranger Things, Elite, Boss Baby, When They See…

    Automotive

    Skoda Octavia will be launched in India next month, know every detail related to price and features

    By Bhagyashree SoniMarch 22, 2021

    New Skoda Octavia: The new Skoda Octavia is to be launched in India in April…

    News

    Apple’s new iOS 14.3 update, iPhone 12 Pro camera will be better, learn all features

    By Business KhabarDecember 16, 2020

    Apple has launched its latest iOS 14.3 and iPadOS 14.3 update. With the help of…

    About Us
    About Us

    Business Khabar: Read latest business news, auto news, technology news, personal finance, industries news, investment & insurance news, startups & success stories.

    We're accepting new partnerships right now.

    Email Us: [email protected]

    Facebook Twitter LinkedIn
    In Case You Missed

    Fury as firm behind sacking of 800 P&O staff over Zoom 'rewarded' by government with 'bumper deal'

    March 28, 2023

    Toyota Fortuner GR Sport and Modellista editions unveiled at BIMS, all you need to know about the mean machines

    March 27, 2023

    UK and European markets calm but warning of 'slow motion' problem to come

    March 27, 2023
    Last Minute Read

    Dave Ramsey Ridicules People Making One Key Financial Mistake

    March 27, 2023

    Dave Ramsey Unveils Important Advice on Key Spending Reality For Your Wallet

    March 27, 2023

    An Inside Look at College Financial Aid Letters

    March 26, 2023
    Facebook Twitter LinkedIn
    • About us
    • Contact
    • Contribute for us
    • Privacy Policy
    • Disclaimer
    © 2023 Business Khabar. Designed by ThemeSphere.

    Type above and press Enter to search. Press Esc to cancel.