Opening a savings account with the Bank of Baroda one of India’s largest banks, can be done conveniently online through the Bank of Baroda Mobile Banking app. This step-by-step guide will walk you through the process which help you in learning of how to open a Bank of Baroda savings account online, making it easy for you to start managing your finances with BOB. While some account types still require branch visits, Bank of Baroda offers several savings accounts conveniently accessible through their website and mobile app.
How To Open a BOB Savings Account Online?
Here’s a comprehensive guide to opening your Bank of Baroda online account:
1. Choose Your Account
Bank of Baroda offers a variety of savings accounts with different features and benefits. Popular options include:
- Baroda Salary and Pension Account: High-interest rates, free accidental death insurance, and no minimum balance requirements.
- Baroda Easy Salary and Savings Account: Designed for salaried individuals, offers free debit card and accident insurance coverage.
- Baroda Jan Dhan Scheme: Basic account targeted at the financially underprivileged with zero balance maintenance charges.
2. Gather Your Documents
You’ll need valid Know Your Customer (KYC) documents for online account opening. These typically include:
- PAN Card: Mandatory for all Indian citizens above 18 years.
- Aadhaar Card: Preferred verification document for online KYC.
- Signature on a blank paper: This will be captured during video KYC.
Ensure your documents are clear and readily available.
3. Initiate the Online Process
Visit the Bank of Baroda website or open their mobile app. Navigate to the “Open Account” section and select the desired account type. Follow the on-screen instructions, which usually involve:
- Entering your details: Name, address, contact information, etc.
- Choosing your preferred branch for future needs (optional).
- Selecting video KYC as your verification method.
4. Complete Video KYC
This step allows Bank of Baroda to digitally verify your identity. Ensure you have a stable internet connection and a quiet environment. During the video call:
- Show your original PAN card and Aadhaar card to the representative.
- Provide a clear view of your face for real-time image capture.
- Sign the blank paper as instructed.
5. Set Up Your Login Credentials
Upon successful KYC verification, you’ll receive a temporary User ID via email. Set a strong password for secure online access. Remember to keep your login details confidential.
6. Initial Deposit and Account Activation
Make the minimum required initial deposit as per your chosen account type. You can choose from online payment options like NEFT, RTGS, or debit card. Once the deposit is credited, your account will be activated, and you can start enjoying online banking services.
Additional Notes
- Some accounts might require additional documents based on your specific profile.
- If you face any technical difficulties during the online process, contact Bank of Baroda customer care for assistance.
Benefits of Bank of Baroda Online Account
- Convenience: Manage your finances anytime, anywhere, from the comfort of your home.
- Paperless process: No need to visit the branch or fill out physical forms.
- Faster account opening: Get your account up and running within minutes.
- Wide range of online banking features: Transfer funds, pay bills, track transactions, and more.
With careful planning and the steps outlined above, opening a Bank of Baroda online account is a smooth and hassle-free process.