Secure your future with Baroda savings account
Open a savings account for unlimited benefits
Baroda Low Income Saving Bank Account
Earn a good return on your balances. Open a Low Income Savings account with UGX 5,000 and enjoy a variety of services.
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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.
- 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 is UGX 3,000.
- Initial deposit is UGX 5,000.
- Free SMS alerts
- Suitable for Low income earners minors and students
- National Identity Card/ Passport for Non-Nationals
- Proof of residence
- 1 Passport size photo
- Interest rate is subject to change from time to time. View latest Interest Rate.
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What is the Baroda Low-Income Saving Bank Account?The Baroda Low-Income Saving Bank Account is a savings account provided by Bank of Baroda in Uganda, specifically tailored for individuals with low income. This account offers a competitive interest rate of 1.997% per annum, paid on a monthly basis.
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Who is eligible to open a Baroda Low-Income Saving Bank Account?
Baroda Low-Income Saving Bank Account is available for low-income earners, including daily wage workers and unorganised sector employees, as well as minors and students.
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What are the minimum and maximum balance requirements for Baroda Low-Income Saving Bank Account?
The minimum balance requirement for the Baroda Low Income Saving Bank Account is UGX 3,000. Additionally, an initial deposit of UGX 5,000 is required to open the account.
