Bank of Baroda (Bank) on Friday, October 27, introduced the bob LITE Savings Account – a Lifetime Zero Balance Savings Bank Account, as a part of its “BOB Ke Sang Tyohaar Ki Umang” festive campaign. bob LITE offers customers a hassle-free banking experience without any minimum balance requirement, the lender said in a statement.

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Further, to cater to the requirements of different customer segments, the bob LITE account also comes with a lifetime free RuPay Platinum Debit Card on maintaining a nominal Quarterly Average Balance (QAB) in the account and accountholders can also avail a lifetime free credit card, subject to eligibility, the lender said.

The bob LITE Savings Account also comes with offers during the festive season. As a part of its ongoing festive campaign, Bank of Baroda has tied up with consumer brands across categories such as Electronics, Consumer Durables, Travel, Food, Fashion, Entertainment, Lifestyle, Grocery and Health, offering a host of offers and discounts on Bank of Baroda Debit and Credit Cards.

The festive campaign will run up to December 31, 2023 and cardholders can indulge in offers from brands such as Reliance Digital, Croma, MakeMyTrip, Amazon, BookMyShow, Myntra, Swiggy, Zomato, and more.

Speaking on the occasion, Ravindra Singh Negi, Chief General Manager - Retail Liabilities & NRI Business, Bank of Baroda said, "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 is aimed at fulfilling their hitherto unmet banking needs.”

Salient features of the bob LITE Savings Bank Account:

Lifetime zero balance savings account

Can be opened by any resident individual, including minors (above 10 years of age and able to read and write)

Lifetime Free RuPay Platinum Debit Card with a host of attractive features, subject to maintenance of Quarterly Average Balance as follows: ₹3,000 for metro/urban branches, ₹,2000 for semi-urban branches and ₹1,000 for rural branches

Lifetime free credit card, subject to eligibility

Discounts/offers on Bank of Baroda debit and credit cards

30 free cheque leaves in a financial year

(Edited by : Anshul)

First Published:Oct 27, 2023 5:44 PM IST