Baroda Zero Balance Saving Account

Baroda Zero Balance Saving Account is a saving account ideal for micro finance beneficiaries, low income wage earners, workers in non organised sector and student. This is one of the basic and flexible deposit options for individuals with Passbook Facility suitable for Micro Finance customers.

• No Limit on number of Deposits
• No Minimum Balance
• No Cheque Book
• Free e-Statement (Monthly Once)
• No minimum and maximum period
• Free paper withdrawals
• Free Passbook

• Individual (Singly or Jointly) including minors

As required under FTR Act & Customer Due Diligence

Customer to provide documents in support of following

Residents

• Name of Customer
• Permanent Residential Address in Fiji
• Date of Birth
• Occupation , Business , Service or Princial Activity
• Citizenship
• Source of Funds

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Non Residents / Non-Fiji Citizens

• Name of Customer
• Permanent Residential Address in Fiji
• Date of Birth
• Occupation , Business , Service or Princial Activity
• Citizenship
• Source of Funds
• Current and valid Passport or any other travel document issued by a foreign government or recognised international Organisation
• Current and valid Work, Business or Other Permit or Visa issued by the Fiji Immigration Department
• Current and valid Employment or Student Status Document issued by the Customer’s Employer or the Education Institute in Fiji.
• Any other document stipulated by regulatory agencies from time to time.

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For PEP Account (Following Information needs to be provided)

• Name of Customer in Full
• Details of Position holds lds or has held a senior government, political or military position
• Title of Position held
• If held in Past (From - Upto)

Compulsory Documents to be submitted

• Tax Identification Number (Tin Letter)
• A valid Joint Fiji Revenue and Customs Authority & Fiji National Provident Fund ID card
• Birth Certificate issued by the Births, Deaths & Marriages Registry.
• In case of married women, Marriage Certificate along with Photo Identity of the Groom & Address Proof is must, if Account is to be opened in name with Groom’s Name)
• Two Latest Colour Photograph
• Atleast -1- Document each from List A (FTR Regulations 8(1)) & List B (FTR Regulations 8(2)

1. Interest is calculated and applied on a monthly basis on the minimum balance during the month.
2. Interest is credited in the account at the end of every month.
3. Resident Individual Withholding Tax (RIWT) will be applicable as per FRCA guideline.
4. For interest rate, please click here.

• The account will be classified to Dormant if there is no customer induced transactions in the account for 12 months. Once the account is classified as dormant the customer induced transactions in the account are permitted on submission of written request by the customer to the branch where account is maintained along with personal ID, address proof and other documents required to fulfil KYC guidelines.
• For closure of account user is to request for account closure in writing to the branch where account is maintained.
• Standing Instructions not allowed.
• No ATM Card facility
• For Clarification or any other information please contact any of our branches in Fiji.
• Terms and Conditions apply