Bank of Baroda Launches ‘bob Global Women NRE & NRO Savings Account’ for Women NRIs

On March 7, 2025, Bank of Baroda (BoB) introduced the ‘bob Global Women NRE & NRO Savings Account’, marking a first among public sector banks with an NRI account designed specifically for women. This account aims to empower women NRIs by providing premium banking privileges, concessional loan rates, and insurance benefits. Additionally, BoB revamped its ‘bob Premium NRE & NRO Savings Account’ to enhance customer experience with new features and benefits.

Key Features & Benefits

bob Global Women NRE & NRO Savings Account

• Customised Debit Card: Nil issuance charges and concessional renewal fees.
• Airport Lounge Access: Free domestic and international access.
• Concessional Loan Rates: Reduced interest rates and processing charges on home and auto loans.
• Locker Benefits: 100% concession on locker rent.

Isurance Coverage

• ₹50 lakh Air Accident Insurance.
• ₹5 lakh Personal Accident Insurance.
• Auto Sweep Facility: Available on demand to earn higher interest.

Minimum Balance Requirement

• ₹1 lakh in Current & Savings Accounts (CASA) or
  ₹10 lakh in CASA + Term Deposits.

Revamped bob Premium NRE & NRO Savings Account

• Customised Debit Card with enhanced transaction limits.
• Complimentary Lounge Access at domestic and international airports.Free Safe Deposit Locker.
• Insurance Benefits: Free Personal & Air Accident Insurance Coverage.
• Concessional Loan Rates: Lower interest and processing fees for home and auto loans.

Summary/Static	Details
Why in the news?	Bank of Baroda Launches ‘bob Global Women NRE & NRO Savings Account’ for Women NRIs
Target Audience	Women NRIs
Key Benefits	Debit card, lounge access, concessional loan rates, insurance, auto sweep facility
Locker Facility	100% concession on rent
Insurance Coverage	₹50 lakh (Air Accident) & ₹5 lakh (Personal Accident)
Auto Sweep Facility	Available for higher interest earnings
Minimum Balance Requirement	₹1 lakh in CASA or ₹10 lakh in CASA + Term Deposits
Additional Upgrade	Revamped bob Premium NRE & NRO Savings Account