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Strong fiduciary duty, ensuring clients' best interests are prioritized.

No disciplinary alerts or major conflicts of interest reported, indicating a solid compliance record.

Diverse range of financial planning services offered, catering to various client needs.

Limited geographical reach, serving only six states which may restrict client options.

Potential conflicts related to 12b-1 fees, which could affect overall investment costs.

Relatively high advisor-to-client ratio, which may impact the level of personalized attention clients receive.

B3 broker Accounts

Bank of Baroda B3 Account Types

Bank of Baroda offers a range of digital B3 accounts tailored to meet different customer needs. The types of B3 accounts include:

Initial Funding: INR 0 to INR 24,999
Quarterly Average Balance: Nil
Debit Card Variant: Visa Classic (annual charges of INR 150 + taxes applicable after a year)
Ideal For: Students and freshers, as it is a zero-balance account.

Initial Funding: INR 25,000 to INR 49,999
Quarterly Average Balance: INR 25,000
Debit Card Variant: Visa Platinum (annual charges of INR 250 + taxes applicable after a year)
Ideal For: Individuals who can maintain an average minimum balance.

Initial Funding: INR 50,000 and above
Quarterly Average Balance: INR 50,000
Debit Card Variant: Visa Platinum (annual charges of INR 250 + taxes applicable after a year)
Ideal For: Salaried and self-employed individuals who can maintain a higher average balance.

Opening a Bank of Baroda B3 account is a straightforward process that can be completed online. Here are the steps to follow:

Download the Bank of Baroda mobile banking app from your phone‘s application store.

Open the app, select your preferred language, and navigate to the ’Open a Digital Savings Account tab to view options for B3 Silver, Gold, and Platinum accounts.

Enter your email address, mobile number linked to Aadhaar, and residential status (Resident Indian or NRI). Verify your email address via the link sent to you.

Check all necessary declarations, confirming you are not a minor, a politically exposed person, or an existing customer.

Input your PAN and Aadhaar number, and consent to authenticate your Aadhaar via OTP.

Provide details such as names of your parents, place of birth, employment status, and annual gross income. You may also add nominee details (optional).

Services like internet banking, mobile banking, and virtual debit card are pre-selected. Choose UPI service if needed.

Schedule a video KYC appointment, choosing a date and time slot available between 10 AM and 5 PM.

After completing the video KYC with a Bank of Baroda executive, the bank will perform back-end verification. You will receive a welcome letter on your registered email within a minimum of 2 days containing all account details.

By following these steps, you can successfully open a B3 account with Bank of Baroda and start enjoying its benefits.