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:

• B3 Silver Account
• 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.
• B3 Gold 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.
• B3 Platinum Account
• 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.

Bank of Baroda B3 Broker Account Opening Process

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

• Download the App:
• Download the Bank of Baroda mobile banking app from your phone‘s application store.
• Choose Account Type:
• 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.
• Provide Your Details:
• 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.
• Agree to Declarations:
• Check all necessary declarations, confirming you are not a minor, a politically exposed person, or an existing customer.
• Enter PAN & Aadhaar:
• Input your PAN and Aadhaar number, and consent to authenticate your Aadhaar via OTP.
• Select Nearest Branch:
• View and select the nearest branch based on your Aadhaar address.
• Personal Details:
• Provide details such as names of your parents, place of birth, employment status, and annual gross income. You may also add nominee details (optional).
• Select Additional Services:
• Services like internet banking, mobile banking, and virtual debit card are pre-selected. Choose UPI service if needed.
• Schedule Video KYC:
• Schedule a video KYC appointment, choosing a date and time slot available between 10 AM and 5 PM.
• Account Activation:
• 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.