Savings account is an valuable tool to keep money regularly. With savings account, you can have a safe location for your funds. Other benefits are the interest paid for your deposit and the privileges given to depositors.

In India, Bank of Baroda can be your bank of option in beginning a savings account.

Bank of Baroda or usually known as BoB is one of the biggest banks in India along with another Big Four banks namely Canara Bank, State Bank of India, Punjab National Bank and ICICI Bank. The bank, together with 13 other primary commercial banks of India, was nationalised on July 19, 1969, by the government of India.

The bank was founded in July 20,1908 by Sir Sayajirao Gaekwad III, the Maharajah of Baroda in the state of Baroda, Gujarat. At present, the bank’s headquarter can be located in Baroda Corporate Centre, Plot No.-C-26, G-Block, Bandra Kurla Complex, Mumbai, India with Mr. M.D. Mallya as chairman and managing director.

Today, BoB has a network of over 3,000 branches and offices, and about 1,100 ATMs around India. It has significant worldwide presence with a network of 72 centers in 25 nations, six subsidiaries, and four representative offices. The bank has departments in New York, London, Dubai, Hong Kong, Brussels,Singapore, Botswana, Guyana, Kenya, Tanzania, Uganda, Zambia, Malaysia, China, Thailand, Australia and China.

It has also has an extensive range of banking goods and financial services to corporate and retail customers like venture banking, credit cards, asset management, consumer banking, corporate banking, investment banking, investment management, private banking, private equity and mortgages.

When you are considering to apply for a savings account at Bank of Baroda, you should bring the following identification and evidence of address documents. You may submit any one detail from every of the preceding two lists subject to the bank’s confirmation

LIST I (Latest/ recent photo id card documents)
1. Passport (a necessity for NRI)
2. PAN Sheet, Government ID Card
3. Driving Permit with picture
4. Voter’s Identity Badge
5. Identity Card/ Validation from employer
6. Letter from certified public authority or public servant verifying the character (photo) of customer.
7. Confirmation letter from employer / other Bank verifying therein
picture of the customer along with other things.
8. Any other credentials with photograph evidencing identity of the applicant/s acceptable to the bank.

For married woman, proof of identity with her maiden name, if supported with a confirmed true duplicate of marriage authentication is agreeable as legitimate identity certification.

LIST II (Current / recent documents showing address certification)
1. Passport
2. Telephone Statement, Electricity Bill, Ration Card
3. Driving License with address, Voters’ Identity Sheet
4. Bank account record (with address)
5. Letter from company / Any document of communication issued by any authority of Central / State Government or local body showing residential address
6. Income / Wealth Tax assessment order (with address)
7. Any documentary proof in support of residential address satisfactory
to the Bank
8. In conditions of married women address proof of the husband is satisfactory

Bank of Baroda is one of the distinguished banks in India to apply for a bank account. Keep in mind to prepare and bring all requirements when opening a bank account to have a quick and easy processing of your application.

Gily Tenorio is a personal finance blogger who likes blogging on financial management, saving, investments and make money online. For helpful details on how to budget and open a new bank account at Bank of Baroda, you should visit India Bank blog for more articles on saving, investment and online money making.