Good news for womens. Bank of Baroda is celebrating Women’s Day by launching a fantastic new offering for women. They’ve introduced the ‘bob Global Women NRE & NRO Savings Account’ that comes with an ‘Auto Sweep’ feature. This means customers can enjoy lower rates on home and auto loans while earning higher interest on their savings.
Here’s what women account holders can look forward to:
Bank of Baroda is leading the way as the first public sector bank to roll out such an account specifically for women. The processing fees for loans linked to this account will also be reduced. They’ve also upgraded their popular bob Premium NRE and NRO Savings Account, adding more features to enhance the banking experience for their customers.
Bina Waheed, the Executive Director of Bank of Baroda, mentioned that the bob Premium NRE & NRO Savings Account reflects the evolving needs of modern Indian women. It aims to empower them with exclusive banking benefits and specially designed services.
The revamped BOB Premium NRE and NRO Savings Account includes a range of perks, such as a personalized debit card with higher transaction limits, free access to domestic and international lounges, complimentary safe deposit lockers, and free personal and air accident insurance coverage.
BOB Global Women’s NRE Savings Account
You can open this account either on your own or together with another NRI/PIO.
Money added to the account must come from fresh remittances from abroad or transfers from other NRE/FCNR (B) accounts, following FEMA/RBI rules.
Interest rates for savings accounts may change over time. For fixed deposits created through auto sweep, the rate will match the ROI for NRE term deposits for a duration of 12 months. Keep in mind that no interest will be given on fixed deposits held for less than 12 months. Also, there won’t be any extra interest for senior citizens or staff/ex-staff members.