Bank of Baroda Champ Account

What is the bob Champ Account?

The bob Champ Account is a children's savings account that can be opened by parents or guardians for their child. Minors aged 10 years and above may operate the account independently subject to the bank's rules. On attaining the age of majority, the account may be converted into a regular savings account after completion of the bank's applicable formalities.

Features and Benefits of bob Champ Account

For parents looking for the best savings account for children, the bob Champ Account offers the following features:

• No minimum balance requirement
• Available for children aged 0 to 18 years
• Theme-based RuPay bob Champ Debit Card
• Internet banking and mobile banking facility available for applicants aged 10 years and above. With this facility, you can easily access account details and view BOB mini statement.
• Auto/Reverse sweep facility available
• Convenient school fee payment options available

Eligibility and Documents for the bob Champ Account

Follow the given eligibility criteria to open this Bank of Baroda Savings Account.

• Children must be aged between 0 to 18 years
• The account can be operated under parents' or guardians' guidance as applicable.

The essential documents are

• Aadhaar card
• Passport
• Driving licence
• Birth certificate of the minor
• School identity card or certificate issued by school authorities
• Voter's identity card
• PAN card or Form 60
• KYC documents of the parent or guardian
• Recent passport-size photograph

How to open a bob Champ Account

The bob Champ Account can be opened through a bank branch by following the given process.

• Visit the nearest branch of the Bank of Baroda along with the minor
• Collect and fill the account opening form on the minor's behalf
• Submit the minor's identity and age proof, such as a birth certificate or school-issued certificate.
• Submit the KYC of the parent/guardian where applicable.
• Submit a passport-size photo of the minor and guardian if required.
• Follow the in-branch verification procedure and sign the form per branch official instructions.

Once the account is opened, you can collect the passbook and apply for the theme-based RuPay debit card for the minor. You can also register for mobile banking/net banking/ WhatsApp banking separately once the account holder is aged 10 years or above.

Terms and Conditions of the bob Champ Account

The bob Champ Account sets the day-to-day operation fees and charges free or low. Here are the associated terms and conditions.