Bank Of Baroda Launches bob LITE Savings Account
Bank of Baroda (the Bank) has launched the bob LITE Savings Account, a lifetime zero-balance savings bank account, as part of its festive campaign.
According to the company, bob LITE offers customers a hassle-free banking experience without any minimum balance requirement.
The account also includes a lifetime free RuPay Platinum Debit Card for account holders who maintain a nominal Quarterly Average Balance (QAB) in the account. Additionally, eligible account holders can avail of a lifetime free credit card.
Ravindra Singh Negi, Chief General Manager - Retail Liabilities & NRI Business at Bank of Baroda, said, "We are pleased to introduce the bob LITE Savings Account with the dual objective of making banking more accessible with an account that has minimal charges, while also adding more joy to our customers during this festive season. The account can be opened by any resident individual, including minors above the age of 10 years. bob LITE opens the doors to the formal banking ecosystem for a new generation of aspiring Indians and aims to fulfill their previously unmet banking needs."
The company mentioned that this lifetime zero-balance savings account is available to any resident individual, including minors (above 10 years of age who are able to read and write). A Lifetime Free RuPay Platinum Debit Card with various attractive features is available, subject to the maintenance of the Quarterly Average Balance, as follows: Rs 3000 for Metro/Urban branches, Rs 2000 for Semi-Urban branches, and Rs. 1000 for Rural branches.
