A Review on Bank Of Baroda

A Review on Bank Of Baroda : Bank of Baroda or BOB is public sector bank which attains the Multinational tag and its the fifth largest puBlic bank of the public sector .Its one of the oldest bank in India because it was founded in the year 1908 by the Maharaja of Baroda. In the year 2018 ,two banks named Dena and Vijaya banks merged with it.

Advantages :-
1. A very wide spread of loans like Vehicle to Education loans are available here .
2.Customers can get the benefit of life insurance and general ones as well.
3.Smart banking system is available.
4. e-passbook facility can be achieved .
5.The best thing is that they are giving COVID-19 Personal loan .
6.E-Auctions facility is there .
7.They are having a very good merchant solution facility .

Disadvantages :- As this bank is a merged one now here the biggest challenge for the last two years is that they have to keep all the employees job intact and also the calculations of the financial issues becomes little complex.

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A Review on Bank Of Baroda

Bank of Baroda is an Indian multinational, public sector banking and financial services company. It is the third largest public sector bank in India, with 131 million customers, a total business of US$218 billion, and a global presence of 100 overseas offices. Their Headquarters are in Alkapuri, Vadodara, India. Founder of this bank is Sayajirao Gaekwad. This bank is founded in July 20, 1908.


Bank Of Baroda Products:

Foreign Currency Linked Rupee Deposits
NRO Rupee Savings Account (NRO-SB)
Foreign Currency Non Resident (B) Term Deposit.
NRO Rupee Current Account (NRO-CA)
NRE (RUPEE) Savings Account
NRO (RUPEE) Fixed Deposits
Baroda Premium NRE Savings Bank Account
Resident Foreign Currency A/c - for NRIs returning to India for settling in India
NRE (RUPEE) Current Account


Loans:

Housing Loans to NRIs
Baroda Car Loans for NRIs
Baroda Mortage Loans for NRIs
Loans/Overdrafts Against Security of Non-Resident
Loans Against FCNR (B) Deposits in Rupees
Loan Against FCNR (B) Deposits in Foreign Currency in India

Facilities to Returning Indians:

foreign currency assets acquired, owned and held outside India and brought to India at the time of returning for permanent stay
foreign exchange received as pension or any other superannuation or other monetary benefits from his employer outside India
foreign exchange received or acquired when he was resident outside India as gift or inheritance from a person resident outside India

Ordinary Non- Resident Accounts
Non-Resident (External) Rupee Accounts
FCNR Accounts
RFC Accounts

Investment Opportunities:

FI In India - As Per Ind Policy
Guidelines Of GOI
Provs Of Fema.sec 6
Provs Of Regulations
Gen Permn In R/o Annx B Activities
Subject To Sectoral Caps
Govt Route (Sia-fipb) Approval
Activities In Annx B
Under Fema (Fema 20)
Routes Of Investments
Automatic-r B I Route
Sch I Of Fema 20

Types of Investment:

Govt Securities
M.m.f Insts/units
Psu Bonds
Comml Papers
Shares Of Pses Disinvested By Goi
Deposition Indian Companies Subject To Approval By Goi/nbfc Guidelines
Invest Not Permitted In Companies Engaged In Agri/plant/realestate
Equity Capital - Shares/debs
On Repat And /or Non-repat Basis
Under Portfolio Invest Scheme
New Issues
Investing / Acqisition Of Shares Of Existing Companies

Some Value Added Services:
The following are the value-added services that provide for a better NRI Services experience.

Depository Services
Demat Branches
Portfolio Investment Schemes

Saving in a bank is a common choice for most people. The times have also encouraged banks to improve their services and make innovations in their products and features. Improved financial services offered by a number of banks include the convenience of ATM facilities, SMS banking facilities, mobile banking, and internet banking.
Banks are also competing to offer the best service by offering various interest rates and administrative fees. We as users must be observant in choosing which bank suits our needs. Interest rates are of course the main consideration for most customers. With a note, the amount of this interest rate will only be profitable if we save for a long time with the funds saved getting bigger from time to time.