Bank of Baroda (BoB), a public sector bank, has launched a new savings account called the bob BRO Savings Account. This account is specially designed for students aged 16-25 years. It is a zero balance account, which means students do not need to maintain a minimum balance. They will also receive a lifetime-free debit card.
The bob BRO Savings Account offers several benefits for students. They will receive a 15 basis points interest rate concession on education loans. The processing fee on education loans will be completely waived. Additionally, students will get a lifetime free RuPay Platinum Debit Card with exclusive offers on various brands in categories like electronics, travel, fashion, and more.
In order to connect with young people, Bank of Baroda has partnered with Mood Indigo, IIT Bombay’s annual student festival and Asia’s largest college cultural festival. This partnership makes Bank of Baroda the exclusive banking partner for the event. The festival takes place from December 18-21 and attracts college students from all over the country. The bank has also collaborated with Spotify to provide benefits to students attending Mood Indigo.
Ravindra Singh Negi, Chief General Manager – Retail Liabilities & NRI Business at Bank of Baroda, stated that today’s youth are seeking a more personalized and rewarding banking experience that prioritizes safety and service.
