Bank of Baroda Launches NRE & NRO Account for Women NRIs

Mumbai, March 8th, 2025: In a first amongst public sector banks, Bank of Baroda announced the launch of the bob Global Women NRE & NRO Savings Account, designed exclusively for women NRIs to meet their global aspirations and unique banking needs. In addition, the Bank has revamped one of its flagship NRI offerings, the bob Premium NRE & NRO Savings Account, enhancing its features and benefits to provide a more rewarding banking experience to customers.

The bob Global Women NRE & NRO Savings Account comes with a range of unique benefits such as auto sweep facility enabling customers to earn higher interest, concessional interest rates on home loans and auto loans along with reduced processing charges; 100% concession on locker rent; a customised debit card with free domestic and international lounge access at airports; and free Personal and Air Accident Insurance coverage, becoming the first public sector bank to extend insurance coverage benefits to NRIs in savings accounts.

Ms. Beena Vaheed, Executive Director, Bank of Baroda said, "As India’s International Bank, Bank of Baroda has a robust global presence and understands the evolving aspirations of its NRI customers. The bob Global Women NRE & NRO Savings Account recognises the changing dynamics of today’s global Indian women and is designed to empower them by providing premium banking privileges and thoughtfully curated features that address their specific needs. On the occasion of International Women’s Day, Bank of Baroda stands ready as a trusted banking partner as women chart their global journey.”

Key Features and Benefits of the bob Global Women NRE & NRO Savings Account:

• Customised debit card with nil issuance charges and concession on annual renewal fees.
• Complimentary Domestic and International Airport Lounge access.
• Concessional Interest Rates on Home Loans and Auto Loans, along with reduced processing charges.
• 100% concession on Locker rent.
• Free Air Accident Insurance Coverage of Rs 50.00 lakh and Personal Accidental insurance of Rs 5.00 Lakh with many add-on benefits.
• Auto sweep facility available on demand to earn more interest.
• All the above benefits come with a Quarterly Average Balance (QAB) requirement of Rs 1 lakh only in CASA or Rs 10 lakh in CASA + Term Deposits.

The Bank has also revamped its bob Premium NRE & NRO Savings Account. This upgraded account comes with a host of benefits designed to provide a premium banking experience including a customised debit card with enhanced transaction limits, complimentary domestic and international lounge access, free safe deposit locker, free Personal and Air Accident Insurance coverage and concessional interest rates on home and auto loans with reduced processing charges.