Bank of Baroda has announced a new account for the convenience of customers. Many types of facilities will be provided to the customers in this account. The Bank has launched the BOB Parivar Account as part of the “BoB Ke Sang Utsav Ki Umang” celebration. The bank has launched it under the tagline of 'Mera Family, Mera Bank'.

In this bank account, the entire family will be included in one bank account. The specialty of this account is that it can be easily controlled by the account holders. Apart from this, every member gets rid of maintaining a fixed amount. This means that every member does not need to maintain QAB

Eligible to open a BOB Parivar Savings Account
Bank of Baroda Family Account can include up to 6 members from a family. For example, this may include parents, son-daughter-in-law, children, in-laws-father-in-law, and daughter-son-in-law. BOB Pariwar Savings Account can be opened by partnerships, private limited companies, or associate companies.

How many types of BOB Parivar Saving Accounts are there?
There are 3 types of BOB Parivar Saving Account. In this, QAB is separate from a savings account. The QAB for a diamond account is more than Rs 5 lakh, for gold, it is more than Rs 2 lakh and for silver, it is more than Rs 50,000. At the same time, in the current account, the QAB for a diamond is more than Rs 10 lakh, for gold it is more than Rs 5 lakh and for silver, it is more than Rs 2 lakh.


Benefits of BOB Parivar Savings Account
In this, the account holder gets a retail loan at a concessional interest rate.

Processing discount is available on retail loans availed against BOB Parivar Savings Account.

Discount on bank locker rent is also available in this account.

If the account holder opens a Demat Account, he also gets a concession on AMC.

The bank also gives concessions in manual NEFT/RTGS charges.

There is a complete discount on demand drafts taken by the bank.

Apart from this, concession is also given on checkbooks taken by the bank.

The bank charges the customer for SMS, e-mail, etc. Holders of BOB Parivar Savings Account also get a discount on this.

BOB Parivar Savings Account holders also get a rebate on check collection charges at outstations.
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