Balance Archives - NRI News https://nrinews24x7.com/tag/balance/ Thu, 03 Jul 2025 00:47:20 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://nrinews24x7.com/wp-content/uploads/2023/06/cropped-NRI_NEWSFavi-32x32.png Balance Archives - NRI News https://nrinews24x7.com/tag/balance/ 32 32 Indian Bank Waives Minimum Balance Fees and Cuts MCLR to 9.00% https://nrinews24x7.com/indian-bank-waives-minimum-balance-fees-and-cuts-mclr-to-9-00/ https://nrinews24x7.com/indian-bank-waives-minimum-balance-fees-and-cuts-mclr-to-9-00/#respond Thu, 03 Jul 2025 00:47:17 +0000 https://nrinews24x7.com/?p=178665 CHENNAI: In a significant customer-centric initiative, Indian Bank has announced the complete waiver of minimum balance charges across all Savings Bank accounts, effective July 7, 2025. This move is aimed at fostering financial inclusion and making banking more accessible and affordable for all sections of society. This landmark move is set to benefit a vast spectrum of Indian Bank […]

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]]> CHENNAI: In a significant customer-centric initiative, Indian Bank has announced the complete waiver of minimum balance charges across all Savings Bank accounts, effective July 7, 2025. This move is aimed at fostering financial inclusion and making banking more accessible and affordable for all sections of society.

This landmark move is set to benefit a vast spectrum of Indian Bank account holders, ranging from students and senior citizens to small business owners and rural customers. The waiver is expected to encourage more individuals, especially those from underserved communities, to enter the formal banking system.

Further reinforcing its commitment to affordable credit, the Bank has also announced a reduction of 5 basis points in its one-year Marginal Cost of Funds Based Lending Rate (MCLR), bringing it down to 9.00%, effective July 3, 2025. This reduction will directly benefit borrowers with a lower interest rate on loans.

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]]> https://nrinews24x7.com/indian-bank-waives-minimum-balance-fees-and-cuts-mclr-to-9-00/feed/ 0 Bank of Baroda Launches BOB LITE Savings Account with Lifetime Zero Balance https://nrinews24x7.com/bank-of-baroda-launches-bob-lite-savings-account-with-lifetime-zero-balance/ https://nrinews24x7.com/bank-of-baroda-launches-bob-lite-savings-account-with-lifetime-zero-balance/#respond Sun, 29 Oct 2023 15:11:41 +0000 https://nrinews24x7.com/?p=168656 MUMBAI: Bank of Baroda, one of India’s leading public sector banks, has introduced the BOB LITE Savings Account as part of its “BOB Ke Sang Tyohaar Ki Umang” festive campaign. The lifetime zero balance savings account comes with a lifetime free RuPay Platinum Debit Card and a host of attractive features, subject to maintaining a […]

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]]> MUMBAI: Bank of Baroda, one of India’s leading public sector banks, has introduced the BOB LITE Savings Account as part of its “BOB Ke Sang Tyohaar Ki Umang” festive campaign. The lifetime zero balance savings account comes with a lifetime free RuPay Platinum Debit Card and a host of attractive features, subject to maintaining a nominal Quarterly Average Balance (QAB) in the account. The account can be opened by any resident individual, including minors above the age of 10 years.

As a part of its ongoing festive campaign, Bank of Baroda has tied up with leading consumer brands across categories such as Electronics, Consumer Durables, Travel, Food, Fashion, Entertainment, Lifestyle, Grocery, and Health, offering a host of attractive offers and discounts on Bank of Baroda Debit and Credit Cards. The festive campaign will run up to 31st December 2023.

Shri Ravindra Singh Negi, Chief General Manager – Retail Liabilities & NRI Business, Bank of Baroda, said, “We are pleased to introduce the BON LITE Savings Account, with the twin objective of bringing banking within reach with an account that is light on charges, while also delivering more joy to our customers this festive season. The account opens the doors to the formal banking ecosystem for a new generation of aspiring Indians and is aimed at fulfilling their hitherto unmet banking needs.“

To open a BOB LITE Savings account, customers can visit the nearest Bank of Baroda branch or click on https://bit.ly/bobLITE for digital account opening through Video KYC. For more details on the BOB LITE Savings account, click here.

Bank of Baroda, founded in 1908, is one of the leading commercial banks in India, majorly owned by the Government of India. The Bank serves its global customer base of ~165 million through over 70,000 touchpoints spread across 17 countries in five continents and through its various digital banking platforms.

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