Bank of Baroda introduces BOB Parivar Account with nine attractive benefits. Check here

livemint.com:

BOB Ke Sang Tyohaar Ki Umang" festive campaign, groups all the bank accounts belonging to members of a single family under One Family. While each account will be operated independently by the primary account holder, the maintenance of the quarterly average balance (QAB) is recorded at the Group/ Family level, eliminating the need to maintain QAB in every single account. Ravindra Singh Negi, Chief General Manager - Retail Liabilities & NRI Business, Bank of Baroda said, “ By grouping individual accounts of single-family or associated companies, our customers will be greatly rewarded with superior benefits, which are normally provided in accounts maintaining higher balances.

In the BOB Parivar Account segment, all individual family members will gain from the overall balances maintained together. Here there is no requirement to maintain individual Quarterly Average Balance for each account, thus enhancing the overall banking experience. As a bank with a 115-year history, we are privileged to have generations from the same family bank with us, and the ‘My Family, My Bank’ concept will further strengthen and deepen their relationship with Bank of Baroda." The BOB Parivar Account can comprise a minimum of two and a maximum of six members.

Eligible family members for the BOB Parivar Savings Account segment include the spouse, parents, children, parents-in-law, daughter-in-law, and/or son-in-law. The BOB Parivar Current Account Segment is open to proprietorship, partnership, LLP, and Pvt. Ltd.