Bank Of Baroda Launches Bob LITE Savings Account

Current Context: Bank of Baroda, one of India’s leading public sector banks, has introduced the bob LITE Savings Account. This is a Lifetime Zero Balance Savings Bank Account.

• It was introduced as a part of its “BOB Ke Sang Tyohaar Ki Umang” festive campaign.
• The bob LITE Savings Account offers customers a hassle-free banking experience without any minimum balance requirement.
• It also offers lifetime free access to debit or credit cards.
• However, it requires the maintenance of a nominal Quarterly Average Balance depending on the card issued.
• Here are some benefits of the BOB LITE SAVINGS ACCOUNT:
• No Minimum balance charge (Lifetime free zero balance account)
• Free Rupay Platinum Debit card
• A simple, convenient and hassle-free option to save and manage your money
• Please note that Permanent Account Number (PAN)/ FORM60 is mandatorily to be obtained while opening of the accounts as per extant Reserve Bank of India Guidelines.

Question:

Q.1 What is the name of the savings account launched by Bank of Baroda?
a. BOB Savings Account
b. BOB LITE Savings Account
c. BOB Premium Savings Account
d. BOB Regular Savings Account