• Rupees

Your Business Deserves The Right Financial Partner

Opt for Current Account with Bank of Baroda, IFSCBU and get multiple benefits.

Current Account (Individuals & Non Individuals)

Current Accounts means a form of non-interest bearing Demand Deposit wherein withdrawals are allowed any number of times depending upon the balance in account or up to a particular agreed amount.

  • Benefits
  • Features
  • Eligibility
  • Documentation
  • Interest Rates and Charges
  • Terms and Conditions
  • As a customer, you can enjoy the many features of a Current account free of cost or for minimum charges.
  • You may also apply for net banking on your Current account. With Net banking you can access your bank statements and make payments directly from your account.
  • Account can be Opened and maintained in USD/ EUR/ GBP or Any other Freely Convertible Currency acceptable at IBU.
  • No QAB is applicable on Current Accounts linked with Credit facilities availed from IBU.
  • All Individuals & Non-Individuals
Type of Account Holder Officially Valid Documents
Accounts of Individuals

Proof of Identity and Address 		Customer from India
  • Passport,
  • Driving license,
  • Aadhar Card
  • Any other document to the satisfaction of IBU Authority

Customer from other country
  • Passport with Visa pages
  • National Identity Card or any other Identity Card, subject to satisfaction of the Bank, bearing the individual’s photograph.
  • Valid driving license, bearing the individual’s photograph.
  • Letter from a recognized Public Authority or Public Servant, verifying identity and residence of the customer, to Bank’s satisfaction.
Accounts of Non-Individual All the following documents are required
  • Certificate of Incorporation
  • Memorandum & Articles of Association.
  • Resolution of the Board of Directors and Power of Attorney granted to its managers, officers or employees to transact on its behalf; and an officially valid document in respect of managers, officers or employees holding an attorney to transact on its behalf.

For Charges please “Click Here”

Interest Payment

No Interest is payable on current account deposits

Minimum balance requirement

Min. QAB – USD/ EURO/GBP – 10,000

(For Minimum Balance Charges please “Click Here”)

Disclosure of information

Deposit Insurance not available

Other Terms & Conditions

Amount with respect to Deposit, Balance & charges etc. are in respective currencies in which the account is opened.

Amount deducted / charged by the correspondent bank for remittance will be over and above the charges mentioned in link.

General T & C Individuals

General T & C Non-Individuals

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