Bank Of Baroda – SWIFT codes in India

Bank Of Baroda – SWIFT codes in India

Bank of Baroda, one of India’s largest public sector banks, has been a cornerstone of the country’s financial landscape for over a century. With its extensive network of branches, diverse range of products and services, and commitment to customer satisfaction, Bank of Baroda has earned a reputation as a trusted and reliable banking partner for millions of individuals and businesses across India and beyond.



History of Bank of Baroda

Founding and Early Years

Bank of Baroda was founded on July 20, 1908, by the Maharaja of Baroda, Sir Sayajirao Gaekwad III. The bank’s initial objective was to provide financial services to the people of Baroda State and its surrounding areas. In its early years, Bank of Baroda primarily focused on catering to the needs of small traders, farmers, and artisans.

Nationalization and Expansion

In 1969, Bank of Baroda was nationalized along with 13 other major commercial banks in India. This move marked a significant milestone in the bank’s history, as it became a key player in the country’s efforts to promote financial inclusion and support economic growth. Following nationalization, Bank of Baroda embarked on a period of rapid expansion, opening new branches and extending its reach to various parts of India.

Recent Developments

In recent years, Bank of Baroda has undergone a series of transformative changes. In 2019, the bank merged with two other public sector banks, Dena Bank and Vijaya Bank, creating a larger and stronger entity. This merger has enabled Bank of Baroda to enhance its market presence, improve its operational efficiency, and offer a more comprehensive range of products and services to its customers.

Products and Services Offered

Personal Banking

Savings Accounts

Bank of Baroda offers a variety of savings account options to cater to the diverse needs of its customers. These include regular savings accounts, salary accounts, senior citizen accounts, and more. Each account type comes with unique features and benefits, such as attractive interest rates, easy access to funds, and seamless online banking facilities.

Current Accounts

For businesses and individuals with high transaction volumes, Bank of Baroda provides current account facilities. These accounts offer features like unlimited transactions, overdraft facilities, and personalized cheque books, among others. The bank also provides specialized current account products for specific segments, such as traders, entrepreneurs, and professionals.

Fixed Deposits

Bank of Baroda’s fixed deposit schemes allow customers to invest their funds for a fixed tenure and earn attractive returns. The bank offers competitive interest rates, flexible tenor options, and the ability to earn higher interest rates for senior citizens. Customers can choose from a range of fixed deposit products, including regular fixed deposits, tax-saving deposits, and recurring deposits.


Bank of Baroda provides a comprehensive suite of loan products to meet the diverse financing needs of its customers. These include home loans, personal loans, car loans, education loans, and gold loans, among others. The bank offers competitive interest rates, flexible repayment options, and quick processing times, making it easier for customers to access the funds they need.

Corporate Banking

Working Capital Finance

Bank of Baroda offers a range of working capital finance solutions to help businesses meet their short-term funding requirements. These include overdraft facilities, cash credit, bill discounting, and more. The bank’s experienced relationship managers work closely with clients to understand their specific needs and tailor solutions accordingly.

Term Loans

For businesses looking to fund long-term growth and expansion plans, Bank of Baroda provides term loan facilities. These loans can be used for various purposes, such as setting up new manufacturing units, purchasing machinery and equipment, or constructing commercial properties. The bank offers flexible repayment options and competitive interest rates based on the borrower’s credit profile and project viability.

Trade Finance

Bank of Baroda has a strong presence in the trade finance space, offering a wide range of products and services to support businesses engaged in international trade. These include letters of credit, bank guarantees, export credit, and import financing, among others. The bank’s global network and correspondent banking relationships enable it to facilitate seamless cross-border transactions for its clients.

Digital Banking

Mobile Banking

Bank of Baroda’s mobile banking app, “bob World,” provides customers with a convenient and secure way to access their accounts and perform various banking transactions on the go. The app offers features like account balance inquiries, fund transfers, bill payments, and mobile recharges, among others. It also incorporates advanced security measures, such as fingerprint and facial recognition, to ensure the safety of customer information.

Internet Banking

Bank of Baroda’s internet banking platform, “Baroda Connect,” enables customers to manage their accounts and conduct banking transactions from the comfort of their homes or offices. The platform offers a user-friendly interface and a wide range of features, including account statements, online fund transfers, tax payments, and investment management.

UPI Payments

Bank of Baroda has embraced the Unified Payments Interface (UPI) revolution, offering its customers the ability to make instant, secure, and hassle-free payments using their mobile devices. The bank’s UPI facility can be accessed through various platforms, including the bob World app, Baroda Connect, and popular third-party UPI apps like Google Pay and PhonePe.

Corporate Social Responsibility Initiatives

Financial Inclusion

As a public sector bank, Bank of Baroda plays a crucial role in promoting financial inclusion in India. The bank has been actively involved in various initiatives aimed at bringing banking services to the unbanked and underbanked sections of society. These include setting up branches in remote areas, offering basic savings accounts with minimal documentation, and conducting financial literacy camps to educate people about the benefits of formal banking.

Education and Skill Development

Bank of Baroda recognizes the importance of education and skill development in driving socio-economic progress. The bank has been supporting various educational initiatives, such as providing scholarships to meritorious students, establishing computer labs in schools, and partnering with vocational training institutes to impart job-oriented skills to youth.

Environmental Sustainability

As a responsible corporate citizen, Bank of Baroda is committed to promoting environmental sustainability. The bank has been taking steps to reduce its carbon footprint by adopting energy-efficient practices, promoting paperless banking, and financing renewable energy projects. It has also been actively involved in tree plantation drives and other environmental conservation initiatives.

Awards and Recognition

Over the years, Bank of Baroda has received numerous awards and accolades for its performance, innovation, and social responsibility. Some of the notable recognitions include:

  • Best Public Sector Bank award at the Business Today-KPMG Best Banks Awards
  • Best Bank for SME Lending award at the Dun & Bradstreet Banking Awards
  • Best Digital Bank award at the IBA Banking Technology Awards
  • ICAI Award for Excellence in Financial Reporting

These awards are a testament to Bank of Baroda’s commitment to excellence, customer-centricity, and social responsibility.

Future Outlook

Looking ahead, Bank of Baroda is well-positioned to capitalize on the growing opportunities in India’s banking sector. The bank’s strong market presence, extensive branch network, and robust digital infrastructure provide a solid foundation for growth. As the Indian economy continues to recover from the impact of the COVID-19 pandemic, Bank of Baroda is expected to play a key role in supporting businesses and individuals through innovative financial solutions and personalized services.


Bank of Baroda’s journey over the past century has been one of growth, resilience, and adaptation. From its humble beginnings as a regional bank in Baroda to its current position as one of India’s largest and most respected public sector banks, Bank of Baroda has consistently demonstrated its commitment to serving the needs of its customers and contributing to the nation’s economic development. With its strong fundamentals, customer-centric approach, and focus on innovation, Bank of Baroda is well-equipped to navigate the challenges and opportunities of the future, and continue to be a trusted partner in the financial journeys of millions of Indians.


  1. How can I open a savings account with Bank of Baroda? To open a savings account with Bank of Baroda, you can visit your nearest Bank of Baroda branch with the required documents, such as proof of identity, proof of address, and recent photographs. Alternatively, you can also apply for a savings account online through the bank’s website. Fill in the online application form, upload the necessary documents, and submit the application. A bank representative will then contact you to complete the account opening process.
  2. What are the different types of loans offered by Bank of Baroda? Bank of Baroda offers a wide range of loan products to cater to the diverse needs of its customers. Some of the key loan types include:
    • Home Loans: For purchasing or constructing residential properties
    • Personal Loans: For meeting personal financial needs like wedding expenses, travel, or debt consolidation
    • Car Loans: For purchasing new or used vehicles
    • Education Loans: For financing higher education expenses in India or abroad
    • Gold Loans: For availing loans against gold jewelry or ornaments
    • Business Loans: For meeting the working capital and expansion needs of businesses
  3. How can I register for Bank of Baroda’s internet banking facility? To register for Bank of Baroda’s internet banking facility, known as “Baroda Connect,” follow these steps:
    • Visit the Bank of Baroda website and click on the “Baroda Connect” link
    • Click on the “New User Registration” option
    • Select the type of account you hold and enter your account number, customer ID, or debit card details
    • Provide the required personal information, such as your name, date of birth, and mobile number
    • Set your preferred user ID and password for internet banking
    • Agree to the terms and conditions and submit the registration form
    • The bank will then process your request and activate your internet banking access
  4. What are the interest rates offered by Bank of Baroda on fixed deposits? Bank of Baroda offers competitive interest rates on fixed deposits, which may vary based on the deposit amount and tenor. As of March 2024, some indicative interest rates for domestic fixed deposits are:
    • 3.00% p.a. for tenors from 7 days to 45 days
    • 4.50% p.a. for tenors from 46 days to 180 days
    • 5.25% p.a. for tenors from 181 days to less than 1 year
    • 6.00% p.a. for tenors from 1 year to less than 2 years
    • 6.50% p.a. for tenors from 2 years to 10 years Please note that these rates are subject to change, and it is advisable to check the bank’s website or visit a branch for the latest interest rates.
  5. How can I contact Bank of Baroda’s customer support for assistance? Bank of Baroda offers multiple channels for customers to seek assistance and support:
    • 24×7 Toll-Free Customer Care: You can call the bank’s toll-free number 1800 258 4455 (domestic) or +91 22 6698 3333 (international) for any queries or issues related to your account, cards, or banking services.
    • Email Support: You can send an email to the bank’s customer support team at [email protected] for non-urgent queries or requests.
    • Social Media: Bank of Baroda is active on social media platforms like Twitter and Facebook, where you can reach out to the bank’s support team for assistance.
    • Branch Visit: For more complex or personalized queries, you can visit your nearest Bank of Baroda branch and speak with a customer service representative.

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