Bank of Baroda has announced the discontinuation of Minimum Average Balance (MAB) charges for regular Savings Accounts, effective July 1, 2025. This significant change aims to provide customers with stress-free banking by eliminating penalties for not maintaining a minimum balance.
This policy update applies exclusively to regular Savings Accounts. Please note that Premium Savings Accounts are excluded from this change, and their existing terms and conditions regarding MAB charges will continue to apply.
Customers with regular Savings Accounts can now enjoy the convenience of zero charges related to minimum balance non-maintenance.