Bank of Baroda - India's International Bank. UK Operations

Sr. No

Type of account/ charges

Amount / description

1

Savings Bank Account

• No Account Maintenance/ Transaction charges

2

Current/Overdraft Accounts –

Individuals: 

Maintenance charges

Transaction Charges:

£ 5/- per quarter

50p per credit/debit on all Current/ Overdraft accounts. In case of clearing, 50p for each instrument sent in clearing.

• No maintenance or transaction  charges if  £ 500/- minimum balance is maintained during the quarter

3

Current/Overdraft Accounts –

Firms & Companies

Maintenance charges

Transaction Charges: 

£15/- per quarter 

50p per credit/debit on all Current/ Overdraft accounts. In case of clearing, 50p for each instrument sent in clearing.

4

Cash Handling Charges: 

• 30p per £100/-

(In case of all cash deposits tendered over counter except in case of cash deposits in Savings Bank Accounts) 

5

Cheques/Direct Debits returned by us

• £ 10/- per direct debit returned
• £ 15/- per cheque returned
• (For reason of insufficient funds or other reasons of customer)

6

Cheque returned to us

• £10/- per instrument  

7

Special presentation by us

• £15/- per cheque

8

Standing Order (SO)

• Within BOB accounts in UK -  Nil
• Outside BOB - £1/- for BACS
• Others than BACS - £ 5/- +  remittance charges

Overseas remittances:-

£ 10/- per S.I. + remittance charges

£ 5/- for non execution of SI in case of insufficient funds

9

Issue of Bankers Cheque            

• £ 10/- per instrument 

10

Issue of duplicate statement

• £ 3/- per page (Min. £ 5/-)

11

Stop Payment of Cheque/

Direct debit

• £ 15/- per cheque maximum £30/- at a time.
• No separate charges for cheques/ direct debits returned thereafter for the stopped cheques/ direct debits

12

Information/Certificate to be supplied to Constituents

• £ 30/- per certificate

13

REMITTANCE: 

Cash Handling Charges:

 In case of all types of  remittances where cash  is tendered:-

Cash handling charges as at S.No-4 for cash above

 £ 500/-

• Cash charges will also apply where cash deposited on same day in SB accounts for remittance on the same day.

Apart from cash charges, following charges will apply :-

A) Local Remittances in GBP:

CHAPS/ Same day  Payments

• £ 20/-   per payment

Next day payments

• £ 10/-    -- do --

Future dated payments

• £   2/-    -- do --

BACS payments

• £   1/-    -- do --

B) Overseas Remittances:

B (1) Rupee Funds transfer to India

B (1.1) Personal remittances

(Individual to Individual)

• Rapid Funds 2 India /MT/TT

( To all personal accounts with Bank of

Baroda in India)

• Free

• NEFT/ Demand Drafts

(From all personal accounts with Bank of

Baroda in UK to any other bank in India)

• £ 5/-

• -All Others

(e.g. For all  non customers both in UK

and in India through DD/ NEFT/ SWIFT)

• Up to GBP 5000 -  £ 10/-
• Above GBP 5000- £ 20/- 

ClickFunds2India

• - To BOB account in India

- To accounts with other banks in India

Free

• £ 10/- per transaction

B(1.2) Commercial:

(All non-individuals):

Irrespective of account whether in

India/UK :

By-  DD/MT/ SWIFT

Up to GBP 5000 -  £10/-

Above GBP 5000- £ 20/-

B (2) All other overseas remittances

• £ 1/- per thousand  Min. £ 10/-, Max. £ 30/-
• SWIFT charges- £ 20/-  

14

Closure of Account

• Nil, if the account is closed after 1 year, otherwise £10/- after cooling off period as prescribed in terms and conditions.

15

Interest on unarranged/

temporary OD in CA/SB accounts

• 12% OBR + monthly usage fee of £12/- 

16

Search Report in case of Limited Company

• £ 50/- or actual amount whichever is higher (£125/- + VAT in case of overseas companies) 

17

Status Enquiry/Bankers Report

• £ 20/- per report 

18

Inoperative/ Dormant Account

(Applicable to accounts not linked to Fixed Deposit/ Loan Account and where there is no customer initiated operation continuously for 2 years)

£ 5/- per half year 

19

Amendment/Cancellation of DD/MT 

 £ 10/- per cancellation

20

Renewal fee/ Postage for FCNR/

Overseas Fixed Deposits

 £ 15/- per renewal

21

Outward Bills

Clean -

Cheques/ Foreign Currency

Cheques/ Travelling cheques

(Above charges are inclusive of postage)

22

Travellers Cheques

- Encashment

0.25% Min. £ 10/-, Max. £50/- 

23

Other Charges:

A) Postage

    - UK / Europe

    - Other Countries

B) Courier

    - For UK./Europe

    - For other countries

C) SWIFT

£ 6/-

£ 10/-

£ 10/-

£ 20/-

£ 20/-