Secure your future with Baroda savings account

Open a savings account for unlimited benefits

  • Benefits
  • Features
  • Eligibility
  • Documents Required
  • Terms and conditions
  • Free initial Visa ATM Card
  • Free monthly account statement sent to your email.
  • Free Mobile and Internet Banking facility.
  • Full access to your money deposited in the account.
  • Attractive interest rates of 1.997 % p.a. payable monthly.
  • Free transfer of funds within the bank.
  • Minimum balance UGX 5,000.
  • Initial deposit is UGX 10,000.
  • Free SMS alerts.
  • Suitable for all customers.
  • One passport size photograph.
  • National Identity Card for Ugandan citizens.
  • Evidence of residential physical address of prospective signatories to the account. e. either local council 1 chairman or registered law or audit/accountant’s firms or domestic utility bill e.g. latest water or electricity bill.
  • Passport with valid work permit or a valid dependents pass or certificate of residence for non-Ugandan citizens.
  • Introduction from a Bank of Baroda customer of any branch in Uganda.
  • Cheque is required for withdrawal of UGX 2 Million and above from saving account.
  • Interest rate is subject to change from time to time. View latest Interest Rate.
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Frequently Asked Questions (FAQs)

  • What is a Baroda Classic Savings Bank Account?

    The Baroda Classic Savings Bank Account is a savings account provided by Bank of Baroda, featuring a low minimum balance requirement of UGX 5,000. Bank of Baroda's Premium Savings Bank Account in USD provides several benefits:

  • What are the features and benefits of Bank of Baroda’s Classic Savings Bank Account in USD?
    • Zero ledger fees
    • No counter withdrawal fees
    • Attractive interest rate of 0.499% p.a. paid monthly
    • Free initial Visa ATM Card
    • Free 5 cheque books of 20 leaves per year
    • Free monthly account statements delivered via email
    • Free mobile and internet banking facilities.
  • What is the minimum balance requirement for the Premium Savings Bank Account in USD?

    The minimum balance requirement for the Premium Savings Bank Account in USD is USD 5,000. This is also the required initial deposit to open the account. Customers must maintain this minimum balance to avoid fees or penalties.

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