New Delhi: In an unprecedented move among public sector banks, the Bank of Baroda has launched the BoB Global Women NRE & NRO Savings Account, an exclusive banking product tailored for women NRIs. This initiative aims to cater to their global aspirations and unique banking needs while offering a host of premium benefits. Additionally, the bank has revamped its BoB Premium NRE & NRO Savings Account, enhancing its features to provide an enriched banking experience for its NRI customers.
Key Features of the Product
The product offers a range of carefully curated benefits designed to support women NRIs in their financial journey. These include:
- A customised debit card with nil issuance charges and concessions on annual renewal fees.
- Complimentary domestic and international airport lounge access for seamless travel experiences.
- Concessional interest rates on home and auto loans, coupled with reduced processing charges.
- 100% concession on locker rent, ensuring secure storage at no additional cost.
- Free Air Accident Insurance coverage of Rs. 50,00,000 and Personal Accidental Insurance of Rs. 5,00,000 with multiple add-on benefits.
- Auto sweep facility to enable customers to earn higher interest.
- All these privileges are available with a Quarterly Average Balance (QAB) requirement of Rs. 1,00,000 in CASA or Rs. 10,00,000 in CASA + Term Deposits.
Revamping the BoB Premium NRE & NRO Savings Account
Alongside the introduction of the BoB Global Women NRE & NRO Savings Account, Bank of Baroda has also enhanced its flagship BoB Premium NRE & NRO Savings Account. The upgraded account now offers:
- A customised debit card with higher transaction limits.
- Complimentary domestic and international lounge access for frequent travelers.
- Free safe deposit locker for added security.
- Concessional interest rates on home and auto loans, with reduced processing charges.
- Free Personal and Air Accident Insurance coverage.
With these strategic steps, the Bank of Baroda aims to further strengthen its position as a leading banking partner for NRIs, offering innovative solutions tailored to their evolving financial needs.