One account, limitless transactions
Boost your business by opening a current deposit.
Baroda Current Bank Account
Baroda Current Bank Account offers a wide range of benefits for both individual and company purposes, enjoy flexible transfers, digital banking and so much more when you open a Baroda Current Bank Account
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Benefits
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Features
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Eligibility
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Documents Required
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Terms and conditions
- Free initial Visa ATM Card. (for individual accounts)
- Free monthly account statement sent to your email.
- Free Mobile and Internet Banking facility.
- Full access to your money deposited in the account.
- Overdraft facility.
- Free transfer of funds within the bank.
- Minimum and Initial deposit is UGX 200,000 for Kampala and UGX 100,000 for Upcountry Only.
- Free SMS alerts.
- Individuals, company and non-personal Accounts like churches, clubs, trustees etc.
- Memorandum & Articles of Association (duly certified by the registrar of companies).
- Certificate of Incorporation (duly certified by the Registrar of companies).
- Board resolution duly certified by the Registrar of companies.
- 2 passport size photographs of prospective signatories to the account.
- National Identity Card for Ugandan citizens is a MUST. Any other Identity Card is only an addition.
- Evidence of physical address and identity of prospective signatories to the account. This can be given by the local council 1 chairman or registered law or audit/accountant’s firms or domestic utility bill e.g. latest water or electricity bill.
- Introducer/referee who must be a current account holder of good standing.
- Photocopy of the passport of the prospective signatories to the account in case of foreign nationals with a valid work/resident permit into Uganda.
- Company Form 18 or (9) duly certified by the Registrar of companies(notice of situation of registered office and the registered postal address or any other change therein)
- Company Form 20 or (7) duly certified by the Registrar of companies.(notification of appointment of directors and company secretary)
- Trading License
- TIN Certificate
PARTNERSHIP
- Certified Registration certificate by the registrar of companies
- Form of particulars of partners and the business duly certified by the Registrar of companies.
- 2 passport size photos of each partner/signatory to account.
- Introducer/referee who must be a current account holder of good standing.
- Partnership letter on bank format signed by all partners.
- National Identity Card for Ugandan citizens is a MUST. Any other Identity Card is only an addition.
- Proof of residence of partners using letter from local council (LC) 1 or domestic utility bill e.g. latest water or electricity bill.
- Photocopy of the passports of the partners in case of foreign nationals with a valid work/resident permit.
- Trading License
- TIN Certificate
SOLE PROPRIETORSHIP
- Certified Registration certificate by the registrar of companies
- Form of particulars of the proprietor duly certified by the registrar of companies.
- 2 passport size photos of the proprietor.
- Introducer/referee who must be a current account holder of good standing.
- Letter of Sole proprietorship (on bank format)
- Proof of residence of the proprietor using letter from Local Council (LC) 1 or domestic utility bill e.g. latest water or electricity bill.
National Identity Card for Ugandan citizens is a MUST. Any other ID is only an addition.
- Photocopy of the passport of the sole proprietor in case of foreign nationals, with a valid work/resident permit.
- Trading License
- TIN Certificate
NON PERSONAL ACCOUNTS FOR NGOs, CHURCHES, SCHOOLS OR CLUBS/TRUSTEES/
- Certified Certificate of registration by the respective bodies
- Certified Constitution/by-laws of the organization.
- Approval from appropriate authorities (like Church Dioceses, District Education Officer, Government Authorities, etc.)
- Certified resolution to open the account by Managing Committee.
- 2 passport size photos of the prospective signatories to the account.
- Introducer/referee who must be a current account holder of good standing.
- National Identity Card for Ugandan citizens is a MUST. Any other Identity Card is only an addition.
- Proof of residence of the prospective signatories to the account e.g. by letter from Local Council (LC) 1 or domestic utility bill e.g. latest water or electricity bill
Photocopy of the passport of the signatories in case of foreign nationals with a valid work/resident permit.
- Interest rate is subject to change from time to time. . View latest Interest Rate
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How do I open a current bank account with Bank of Baroda Uganda?
- To open a current bank account with Bank of Baroda Uganda, visit the nearest branch.
- Bring identification documents like passport, national ID, or driving license, along with proof of address.
- For business accounts, provide additional documents like the business registration certificate.
- Fill out an application form and make the required initial deposit as specified by the bank.
- After verification, you will receive your account details and can begin using your account.
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What documents are required to open a current account at Bank of Baroda?
Required documents for opening a current account at Bank of Baroda:
- Company Account: Memorandum & Articles of Association, Certificate of Incorporation, Board resolution, etc.
- Partnership and Sole Proprietorship Account: Registration certificate, Form of particulars, Introducer/referee, Proof of residence, etc.
- Non-Personal Account: Certificate of registration, Constitution/by-laws, Approval from appropriate authorities, Proof of residence of prospective signatories, etc.
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What is the minimum balance requirement for a current account at Bank of Baroda?
Minimum balance requirements for Bank of Baroda current accounts:
- Kampala: UGX 200,000
- Upcountry: UGX 100,000
- Maintain the minimum balance to avoid penalties or fees.
- Check with the bank for any updates to these requirements.
