Baroda Connect, an internet
banking product of Bank of Baroda, is the very important alternate delivery
channel (ADC). This also facilitates the customers to enjoy various banking
services from the ease of their house /shop/company or anywhere having internet
connectivity, hence, in limited sense, we may call it as “Mini Extension
Counter” of the Bank. In today’s buyers’ market, where “Customer is the King”
and each and every service industry including banking, are hovering around the
centre point – CUSTOMERS, such a unique service is extremely desired by the
customers at large, especially by Gen-Next customers and it also proves the
concept of internet as www (“win-win-win” situation for the Customers, Bank &
Employees).
Benefit to the Customers:
·
24x7x365
access (even no effect of Sundays, Holidays & Strikes)
·
Time
Saving
·
Substitute
of Q-culture
·
Transparency
& Trust
·
Available
in other territories
·
Remittances
to other Banks
·
Transfer
of funds within Bank at no cost (without ‘Inter-SOL Charges’)
·
Various
ancillary services viz. e-pay, e-ticketing, utility bill payment
·
Various
other facilities at free of cost
·
Special
limit for Transfer of funds within Bank may be considered
Unique Features of Baroda
Connect:
In today’s intensive banking
scenario, almost all banks are providing internet banking facility and services
provided are also more or less same. But, our SBI internet banking and Baroda Connect is having two very
unique features –
first, transaction of future date can be
scheduled well before and
second, multiple-users, with Maker-Checker
facility, can be set in any Corporate User A/c.
Banking system thrives on
customers’ stake / confidence reposed, hence, a safe & qualitative customer
service provided by the Bank is the pre-requisite for placing itself as
‘preferred position’ in the market.
Hence, for enjoying safe,
comfortable and trustworthy internet banking by our customers/users, our Bank
has taken following initiatives:--
·
Awareness message
on Home Page from phishing, vishing, mishing etc. attacks.
·
Awareness creation
by the branches to their users through various methods.
·
Provision of
“Virtual Keyboard” for entering Sign-on password.
·
Provision of two
different passwords - for Sign-on & for Transaction.
·
Additional safety
measure by disabling ‘Transaction Password’ if not used for 90 days, so that
chances of misuse due to unvigilant actions of customers could be eliminated.
·
Sending SMS about
transactions, on registered mobile phone to facilitate the users for early
access of genuineness of transactions.
·
Daily
/ Weekly ceiling on transaction amount so that any unauthorized person cannot
make big damage to our users at once and subsequently, genuineness of
transaction can be established by the user, through receiving SMS and if it is
unauthorized, necessary steps may be taken at the earliest.
·
Third
party / Inter-bank fund transfer only after Registration by the user.
·
Only
-2- Beneficiaries can be registered on a day
·
Fund
can be remitted only after 24 hours of registration of the beneficiary.
·
Fraud
Management Services (FMS) has been implemented as additional safety measure.
·
OTP
Facility is providing additional safety.
Services offered to Retail Customers
·
Balance
enquiry in Operative account, Deposit accounts and Loan accounts.
·
Stop
payments of cheques
·
Tax
Deduction Enquiry
·
Account
summary – summary of all operative, deposit and loan accounts
·
Fund
transfer to Self / linked account and Third party fund transfer.
·
Fund
transfer and NEFT can be scheduled for a future date.
·
Request
for cheque book, fixed deposit renewal, Switch Mailing address, account opening
for CBS and e-banking.
·
Profile
– customer can change his profile and change his password.
·
Activity
history – Customer can get details of all the activities carried out by bank.
·
Modeling
– Customer can model deposit / loan schemes of the bank and know about likely
maturity value, if he invests or likely EMI if he takes loan, etc.
·
ASBA
facility
·
School
Fee options
·
Bill
payment option
·
Facility
of IMPS for instant Inter/Intra Bank fund transfer through Baroda Connect (Facility is available only to
mobile banking customers)
·
Online
Fixed Deposit opening facility
·
Online
RD account opening facility
·
Online
Gift card request facility
·
View
and crediting in existing PPF accounts
·
Aadhaar
number linking with operative accounts
·
Opening
of Pradhan Mantri Jiban Jyoti Bima Yojana and Pradhan Mantri Suraksha Bima
Yojana
Services offered to Corporate Customers
·
All
facilities mentioned under Retail Customers
·
Approvals
– For corporate customers, there can be involvement of multiple users for
transfer of funds / payment of bills, etc and Baroda connect allows multiple
users to log in and initiate / approve the transactions, as per powers
delegated by the corporate to their users.
·
Trade
Finance queries relating to– Import/Export, Inland Trade, B.G., Forward
Contract.
·
Direct
Salary upload facility.
Limit for transactions
Retail customers can have
maximum -5- transactions/day. But in case of Corporate customers, there will
not be any restrictions on the Number of Transactions per day. The limit for
corporate customer can be increased on the request of the customer and
recommendation of the concerned branch.
Limit for Fund transfers under Baroda Connect
(Amount in Rupees)
Financial Transaction Limit for Retail Customers
|
|||
Particulars
|
Self linked Account
|
Third party/ Shopping Mall/Bill
payment
|
Online NEFT/RTGS
|
Per TXN
|
Unlimited
|
2,00,000
|
5,00,000
|
Daily
|
Unlimited
|
4,00,000
|
10,00,000
|
Weekly
|
Unlimited
|
12,00,000
|
30,00,000
|
Monthly
|
Unlimited
|
30,00,000
|
50,00,000
|
Yearly
|
Unlimited
|
1,50,00,000
|
4,00,00,000
|
(Amount in Rupees)
Financial Transaction Limit for Corporate Customers
|
|||
Particulars
|
Self linked Account
|
Third party/ Shopping Mall/Bill
payment
|
Online NEFT/RTGS
|
Per TXN
|
Unlimited
|
5,00,000
|
10,00,000
|
Daily
|
Unlimited
|
15,00,000
|
50,00,000
|
Weekly
|
Unlimited
|
45,00,000
|
2,00,00,000
|
Monthly
|
Unlimited
|
1,00,00,000
|
5,00,00,000
|
Yearly
|
Unlimited
|
6,00,00,000
|
30,00,00,000
|
* There is NO LIMIT on transfer of
funds between self linked accounts within Bank of Baroda for Retail Users
Toll free number is – 1800222227
for more visit official site of Bank of Baroda