Changes to Schedule of Service Charges and Terms & Conditions in favour of Customers - Waiver of Monthly usage fee on unarranged overdraft and Modification to Charges applicable for obtaining a duplicate statement
01 Nov 2022
Dear Customer,
Greetings,
We have made changes to our schedule of service charges and terms & conditions in favour of our customers as detailed below in line with our terms & conditions. As the changes that we have made are in favour of the customers we have applied the same from the date of publishing these changes in our website i.e. with effective from 01/11/2022.
| Particulars | Existing Charges | Proposed Charges w.e.f. 01/11/2022 |
|---|---|---|
| Interest on unarranged/temporary Overdraft in Current Accounts and Savings Bank Accounts | 5% over Base Rate plus monthly usage fee of £12.00 | 5% over Base Rate |
| Issue of Duplicate Statement | £3.00 per page (Minimum charge of £5) | £5.00 per request of duplicate statement for any number of pages |
| Right to Set-Off 18.3 of T&C Notice period | We will tell you atleast -7- days before doing this unless we reasonably believe that you will move your money to stop us | We will tell you atleast -14- days before doing this unless we reasonably believe that you will move your money to stop us |
You may please contact your local branch or email us at customercare.uksub@bankofbaroda.com for any further information or clarification required in this regard.
Thanking you,
Kind Regards
Customer Care Team - Bank of Baroda (UK) Limited
About Bank of Baroda
It has been a long and eventful journey of almost a century across 25 countries. Starting in 1908 from a small building in Baroda to its new hi-rise and hi-tech Baroda Corporate Centre in Mumbai, is a saga of vision, enterprise, financial prudence and corporate governance.
It is a story scripted in corporate wisdom and social pride. It is a story crafted in private capital, princely patronage and state ownership. It is a story of ordinary bankers and their extraordinary contribution in the ascent of Bank of Baroda to the formidable heights of corporate glory. It is a story that needs to be shared with all those millions of people - customers, stakeholders, employees & the public at large - who in ample measure, have contributed to the making of an institution.