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BoB doubles min balance for savings a/c

DNMUM429773 | 1/11/2019 | Author : DNA Money Correspondent | WC :384 | Business & Economy



Mumbai: Bank of Baroda (BoB) will be increasing the minimum quarterly average balance (QAB) that has to be maintained on its advantage savings account that offers its customers an overdraft facility from February 1, 2019. However, there is no change for customers who hold the saving accounts with the bank.
For metro, urban and semi-urban branches, the bank has doubled the minimum quarterly average balance.
The minimum quarterly average balance for BoB advantage savings accounts with urban and metro will be increased from Rs 1,000 to Rs 2,000 and for advantage savings accounts with semi-urban branches, the minimum balance will be widened from existing Rs 500 to Rs 1,000. There is no change for such accounts in its rural bran
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