Changed Bank of Baroda savings account variant from Advantage Savings Account to Super Savings Account
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I funded my Bank of Baroda Advantage Savings Account so that balance is above Rs. 20k and went to the bank, got the savings account variant changed to Super Savings Account.
Now, as usual, my thumb rule is, I'm more knowledgeable than the people sitting at the bank. I knew and even showed them on the website that QAB requirement is Rs. 20k for Super Savings Account but 2 ladies (bank employee) kept telling me, it's Rs. 50k. I told them to go ahead and change the account variant since I have proof from the website that the QAB is Rs. 20k and I'll keep a screenshot of the same if and when I'm being charged for non maintenance of QAB. After this transition was successfully done, the lady again told me that it's showing as Rs. 50k and after a few minutes I got to know that the 50k limit is for auto sweep in and sweep out. I asked them to turn this auto sweep in and sweep out OFF to which the lady said, why did you change to this account then? That's the main feature of this account and can't be done. I could've given a big lecture on it but since I didn't have much time and I had gone to the bank during office hours, I came back home.
Now, my queries are :
- Is the QAB 20k or 50k for this account? I'm pretty sure it's 20k but still confirming.
- How can I disable this sweep in and sweep out? Can it be done via bob world app or internet banking?
- I had generated virtual RuPay Platinum debit card, that shall remain active, right?
Bank of Baroda geeks and people holding the same account, any help is appreciated.
Disclaimer
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https://www.desidime.com/comments/permalink/9551007
I'm also thinking of changing account type as I have a decent amount of money lying there. But on their website, it says MAB is only 2000 for advantage savings account. Am I missing something?
https://www.desidime.com/comments/permalink/9551073
you're right, QAB requirement is Rs. 2,000 (goes as low as Rs. 500 for rural areas) for Advantage Savings Account
but some accounts don't allow transfer to other account variants, one such example is newly added Lite Savings Account, you can switch to other account variants but can't switch from any other account variant to it, so, do check this beforehand under MITC of your account type
but some accounts don't allow transfer to other account variants, one such example is newly added Lite Savings Account, you can switch to other account variants but can't switch from any other account variant to it, so, do check this beforehand under MITC of your account type
https://www.desidime.com/comments/permalink/9551311
What's your need for this account upgrade?
https://www.desidime.com/comments/permalink/9551367
It should be 20k only as per the website. On a sidenote what is the advantage of this account variant?
https://www.desidime.com/comments/permalink/9551394
@whyred @Sachin9811 @deathheater
Feature of this account :
- 20k QAB
- FREE debit card for 1st year including RuPay Select DC
- FREE SMS charges and other things like FREE chequebook etc, you can check MITC
other than that, nothing
Why I changed to it :
I needed a RuPay Select DC since my Amazon Prime membership expired long time back and at Rs. 500 + 18% GST = Rs. 590, Amazon Prime membership worth Rs. 1,499 is a good deal. PNB raised fee for their RuPay Select DC and they need 50k QAB for issuing it. Union Bank of India needs 1 lac MAB account for RuPay Select. I already have a salary account with HDFC Bank and more than happy with it, so, the easiest and nearest route I saw was to change account variant of Bank of Baroda savings account from Advantage to Super. Also, I get to enjoy FREE virtual RuPay Platinum debit card, best of both worlds.
https://www.desidime.com/comments/permalink/9551445
How get Amazon prime with rupay select debit card?
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https://www.desidime.com/comments/permalink/9551464
not familiar with exact location of IGIMS new boys hostel but in whole A.G. Colony, there's only one Bank of Baroda branch, it's located here : https://goo.gl/maps/cSw9DUtgQkS...k8
it's closer towards Ashiana Nagar - Rajeev Nagar canal road
it's closer towards Ashiana Nagar - Rajeev Nagar canal road
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@whyred @Sachin9811 @deathheater
Feature of this account :
- 20k QAB
- FREE debit card for 1st year including RuPay Select DC
- FREE SMS charges and other things like FREE chequebook etc, you can check MITC
other than that, nothing
Why I changed to it :
I needed a RuPay Select DC since my Amazon Prime membership expired long time back and at Rs. 500 + 18% GST = Rs. 590, Amazon Prime membership worth Rs. 1,499 is a good deal. PNB raised fee for their RuPay Select DC and they need 50k QAB for issuing it. Union Bank of India needs 1 lac MAB account for RuPay Select. I already have a salary account with HDFC Bank and more than happy with it, so, the easiest and nearest route I saw was to change account variant of Bank of Baroda savings account from Advantage to Super. Also, I get to enjoy FREE virtual RuPay Platinum debit card, best of both worlds.