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Bank of Baroda to increase minimum balance limit by 100%
short by Shruti Maria Mahendar / on Thursday, 10 January, 2019
State-run Bank of Baroda (BoB) has said it will double the minimum quarterly average balance limit for savings accounts in its metro and urban branches from ₹1,000 to ₹2,000. The minimum balance for semi-urban branches will be increased from ₹500 to ₹1,000 while there is no change for such accounts in rural branches. The changes will be effective February 1.
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