A First-of-Its-Kind Offering from Public Sector Banks
Bank of Baroda announced the launch of the 'bob Global Women NRE & NRO Savings Account' on Friday, marking a pioneering step among India's public sector banks. The initiative comes with unique banking privileges tailored specifically for global Indian women, highlighting the bank's commitment to empowering this significant customer segment.
The newly introduced savings account features an auto sweep facility that allows customers to seamlessly transfer surplus funds into fixed deposits, earning higher interest rates. Additionally, account holders can enjoy concessional interest rates on home and auto loans, along with significantly reduced processing charges, enhancing overall financial benefits.
Enhanced Banking Experience with Revamped bob Premium Accounts
Simultaneously, Bank of Baroda has upgraded one of its key NRI-focused products—the bob Premium NRE & NRO Savings Account. This revamped account aims to provide an enriched banking experience with several new and enhanced features. Account holders will now receive a customized debit card offering increased transaction limits, complimentary access to both domestic and international airport lounges, a free safe deposit locker, and comprehensive personal and air accident insurance coverage.
Commitment to Global Women Empowerment
Speaking about the initiative, Beena Vaheed, Executive Director of Bank of Baroda, emphasized the importance of catering to the evolving financial needs of women.
Bank of Baroda’s Global Presence
With a robust global footprint, Bank of Baroda currently serves a diverse customer base of approximately 165 million across 60,000 touch points in 17 countries spanning five continents. The introduction of these enhanced banking products further solidifies its position as a preferred banking partner for Non-Resident Indians (NRIs) worldwide.