Bank of Baroda Account Opening Form for Individuals

Bank of Baroda Account Opening Form for Individuals Download

The provided document is the official Bank of Baroda Account Opening Form for Resident Individuals (Form No. 401) (acopen003-… pp. 1, 11). It is split into two foundational operational segments: Part-I captures the centralized Customer Information File (CIF) sheet for identity creation, while Part-II establishes deposit instructions and opt-in retail features (acopen003-… pp. 1, 13).

1. Centralized Profile & KYC Architecture (Part-I)

Core Identifiers: Senders must record vital parameters matching their official ID proofs exactly, including full name, maiden name, Date of Birth, gender, and marital status (acopen003-… pp. 1, 11).
Occupational Profiling: Captures extensive tax residency metrics, annual income thresholds, approximate net worth, and exact business or service sectors (acopen003-… pp. 1, 11).
Dual Address Mapping: Separate grids are provided to distinguish between your residential, permanent, correspondence, and overseas tax properties (acopen003-… pp. 2, 12).
Officially Valid Documents (OVD): Identity or current address data must be proven using a single primary box check for an unexpired Passport, Voter ID Card, Driving License, NREGA Job Card, or Aadhaar Card verification (acopen003-… pp. 1, 11).
Alternative Address Verification: If your chosen OVD does not show your current local address, you can back it up by presenting a utility bill (under 2 months old), property tax receipt, or official government housing allotment letter (acopen003-… pp. 2, 12).

2. Deposit Profile & Account Customisation (Part-II)

Account Schemes: Serves as a gateway to establish 6 different deposit vehicles: Savings Bank Account, Basic Savings Bank Deposit Account (BSBDA), Small Account, Current Account, Fixed Deposit, or Recurring Deposit (acopen003-… pp. 3, 13).
Operational Mandate: You must select a definitive operational mode, choosing between Self, Either or Survivor, Former or Survivor, Anyone or Survivor, or Jointly Operated workflow (acopen003-… pp. 3, 13).
Digital & Physical Add-Ons: Includes toggle fields to select an ATM-cum-Debit Card (including exact card embossing name constraints), physical Cheque Book issuance, SMS alerts, Mobile Banking registration, and Internet Banking rights (acopen003-… pp. 3, 13).
Term Deposit Configurations: Fixed deposits track clear “Callable” (allowing premature withdrawal) or “Non-Callable” options, along with maturity instructions for automatic renewal of principal or principal plus interest (acopen003-… pp. 3, 13).
Auto-Sweep Facility: Customers can grant unconditional consent to set up an automatic liquid sweep profile linked to their primary savings or current account (acopen003-… pp. 3, 13).

3. Integrated Compliance Annexures

Form No. 60 (Annexure-1): Individuals who do not currently possess an official Income Tax PAN Card are legally required to file this detailed declaration, verifying their yearly estimated agricultural and non-agricultural revenues (acopen003-… pp. 5, 15).
FATCA Declaration Form (Annexure-2): Captures citizenship details, birth geography, and foreign Tax Identification Numbers (TIN) if the applicant holds multiple tax residencies outside of India (acopen003-… pp. 7, 17).
CKYC Consent Form (Annexure-A): Grants the bank explicit authority to pull or distribute your digital identity papers to the central national registry (acopen003-… pp. 10, 20).
DA-1 Nomination Form: Dictates legal inheritance paths, limiting allocations to a single individual payee. If a minor is selected as a nominee, you must appoint an explicit legal guardian to act on their behalf (acopen003-… pp. 4, 14).

4. Critical Savings Bank Rules & Operational Caps

Minor Accounts: Individuals 10 years or older can operate standalone accounts, but their maximum permissible deposit balance is strictly capped at ₹1,00,000 (acopen003-… pp. 9, 19).
Commercial Restrictions: Using a basic Savings profile to route business or commercial transactions gives the bank an immediate right to freeze or close the account unilaterally (acopen003-… pp. 8, 18).
Inoperative Threshold: Accounts showing no active transaction logs over a rolling window of 24 months are instantly classified as inoperative (acopen003-… pp. 9, 19).
Electronic Lockout: If you refuse or fail to register an active mobile number on the form, you are automatically barred from accessing any electronic banking channels (acopen003-… pp. 8, 18).
Insufficient Funds Penalty: If standing instructions, NACH, or cheques bounce due to insufficient funds 4 times (for accounts over ₹1 Crore) or 6 times (for accounts under ₹1 Crore) within a single financial year, the bank will refuse to issue any fresh cheque books and may close the account (acopen003-… pp. 8, 18).