Micro Deposits > Baroda Zero Balance Saving Scheme

Baroda Zero Balance Saving Account

Baroda Zero Balance Saving Account is a saving account ideal for micro finance beneficiaries, low income wage earners, workers in non organised sector and student. This is one of the basic and flexible deposit options for individuals with Passbook Facility suitable for Micro Finance customers.


Key Features:
  • No Limit on number of Deposits
  • No Minimum Balance
  • No Cheque Book
  • Free e-Statement
  • No minimum and maximum period
  • Free paper withdrawals
  • Free Passbook

Individual (Singly or Jointly) including minors


How to open account

The account can be opened in any of the branches of Bank of Baroda in Fiji by submitting following documents:

1. Duly Filled Account Opening Form.
2. Know your customers information / Documents in support of following to the satisfaction of the Bank:
a. Name b. Address c. Date of Birth d. Occupation
e. Specimen Signature f. Citizenship g. TIN h. Source of Funds

3.One Passport size photograph.


Interest
1. Interest is calculated and applied on a monthly basis on the minimum balance during the month.
2. Interest is credited in the account at the end of every month.
3. Resident Individual Withholding Tax (RIWT) will be applicable as per FRCA guideline.
4. For interest rate, please click here.


Additional Information
  • The account will be classified to Dormant if there is no customer induced transactions in the account for 12 months. Once the account is classified as dormant the customer induced transactions in the account are permitted on submission of written request by the customer to the branch where account is maintained along with personal ID, address proof and other documents required to fulfil KYC guidelines.
  • For closure of account user is to request for account closure in writing to the branch where account is maintained.
  • Standing Instructions not allowed.
  • No ATM Card facility
  • For Clarification or any other information please contact any of our branches in Fiji.
  • Terms and Conditions apply

Fees and Charges
                    Issue of Balance Certificate            
                     $10.00 per Certificate            
                               
                               
                    Issue of Detailed Certificate            
                    $25.00 per Certificate            
                               
                               
                    Search Fees            
                    $5.00 Minimum, Subsequent $10.00 per hour            
                               
                               
Duplicate Passbook - Zero Bal
$5.00 per book
                    Duplicate Statement Fees            
                    $2.00 per page Computer Printout
$7.50 per page statement		            
                               
                               
                    Issuance of Deposit Book (Counterfoil)            
                     $5.00 per Book of 100 deposit slips            
                               
                               
                    Issuance of Deposit Book (Duplicate)            
                     $7.50 per Book of 100 deposit slips            
                               
                               
                    Issuance of Deposit Book (Triplicate)            
                    $10.00 per Book of 100 deposit slips            
                               
                               

                    Collection of Cheques fees            
                    $0.25 per instrument            
                               
                               
                    Special Answer Fee            
                    $20.00 per instrument            
                               
                               

© 2013 Bank of Baroda, Fiji Territory, GPO. Box.57, Suva, Fiji Islands.