
The Bank of Baroda is one of the leading banks in the public sector in India. It has a customer base of 132 million people, including the residents and non-resident indians (NRIs). It is famously known as India's international bank because it has over a hundred branches in more than 20 foreign countries. The bank offers a large variety of bank opening services to its overseas customers. These services include opening NRI accounts, Fixed Deposits, and home loans. The Bank of Broda NRI accounts also include the NRO/NRE current and savings accounts.
In this blog, we have provided information about NRI banking services like Bank of Baroda NRI account opening online, Bank of Baroda internet banking, documents required, eligibility criteria, and its benefits.
The eligibility criteria to open a Bank of Baroda NRI Account are as follows:
For NRI Account opening, you need some specific documents, and it is important to gather these documents to make the application process hassle-free and a smooth experience. The documents required to open a Bank of Baroda NRI account are:
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There are two ways of opening a Bank of Baroda account: online and offline.
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Chat NowNRI Bank accounts offer several benefits to individuals living abroad who wish to manage their finances in India. Many Indian banks offer services for opening NRI bank accounts. Here are some of the benefits that you can get from a Bank of Baroda NRI Account:
The NRI banking services are financial services specially designed for NRIs, making it convenient for them. It offers various account types, tax benefits, and multiple NRI investment options, along with seamless fund repatriation and more. Bank of Baroda's banking services make sure that NRIs can manage their finances from abroad, conveniently. If you want to eliminate this entire process and directly want to open an NRI account just by sitting at home, you can choose Visament. We have a team of experts who can manage all these services very professionally and provide fast results. An NRI must choose the right type of account that suits their financial needs.
The Customer care number for the Bank of Baroda NRI account is: For India: 1800 258 44 55 or 1800 102 4455 and For Outside India: +91 7949044100
The minimum balance required to open a Bank of Baroda account is different for savings and current accounts. For a savings account For the NRO and NRE savings account, the minimum amount required is INR 1000. For the current account For the NRO and NRE current account, the minimum amount required is INR 10,000 for metro, INR 5,000 for Urban, and INR 2,000 for Rural/Semi-urban.
You can open different types of accounts in Bank of Baroda as an NRI. These accounts are NRE accounts, NRO accounts, and FCNR accounts. For these types of accounts, you can open savings, current, and deposit accounts.
Bank of Baroda provides the interest rates on its savings accounts and deposits of funds. Here are the interest rates for the NRI accounts below Rs 2 crores: For Bank of Baroda NRE accounts: 2.75% p.a. on the entire balance For Bank of Baroda NRO accounts: 2.75% p.a. over the whole balance
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