BANK OF BARODA IFSC Code

Bank of Baroda (BOB) is one of India's largest public sector banks with a rich heritage spanning over 115 years. Founded by Maharaja Sayajirao Gaekwad III of Baroda in 1908, the bank has grown to become a major financial institution with a vast domestic and international presence. With over 8,200 branches and 11,000+ ATMs in India, Bank of Baroda serves millions of customers across the country.

Historical Foundation

Bank of Baroda was established on July 20, 1908, in the princely state of Baroda (now Vadodara, Gujarat) with an authorized capital of ₹10 lakh. The visionary Maharaja Sayajirao Gaekwad III founded the bank with the objective of promoting banking habits among the people and supporting trade and commerce. The bank's founding motto "Good People to Grow With" continues to guide its operations today.

The bank was nationalized in 1969 along with 13 other major commercial banks. In April 2019, Bank of Baroda merged with Dena Bank and Vijaya Bank, becoming the third-largest public sector bank in India. This amalgamation significantly expanded the bank's network, customer base, and financial strength.

Comprehensive Banking Services

Bank of Baroda offers an extensive range of banking products for individuals, businesses, and corporations. Personal banking services include various types of savings accounts, fixed deposits, recurring deposits, and special schemes for different customer segments. The bank's Baroda Advantage Savings Account offers premium features with higher interest rates and value-added services.

The bank's loan portfolio includes home loans, car loans, personal loans, education loans, and gold loans with competitive interest rates and flexible repayment options. Bank of Baroda is a major player in the home loan segment, offering attractive rates and quick processing. The bank also provides agricultural loans and supports farmers through various schemes.

bob World Digital Platform

Bank of Baroda's digital transformation is anchored by the 'bob World' platform, which integrates mobile banking, internet banking, and digital services into a unified ecosystem. The bob World app offers comprehensive features including account management, fund transfers, bill payments, investment services, and instant loan applications. The platform has won several awards for its user-friendly design and innovative features.

The bank has embraced UPI and digital payments, enabling customers to make seamless transactions through various channels. Bank of Baroda's internet banking platform provides secure access to banking services for retail and corporate customers, supporting NEFT, RTGS, IMPS, and international transfers.

MSME and Business Banking

Bank of Baroda is committed to supporting the MSME sector, which forms the backbone of India's economy. The bank offers various products for small businesses including working capital loans, term loans, equipment finance, and trade finance. The bank's dedicated MSME branches and relationship managers provide personalized service to business customers.

Corporate banking services include project finance, structured finance, syndication, treasury services, and cash management solutions. The bank supports large industrial projects, infrastructure development, and capital investments through its corporate banking division.

Global Presence

Bank of Baroda has one of the largest international presences among Indian public sector banks, with operations in over 20 countries across five continents. The bank has branches and subsidiaries in the United States, United Kingdom, UAE, Australia, New Zealand, Singapore, and various countries in Africa. This global network facilitates international trade, remittances, and serves the banking needs of the Indian diaspora.

Agricultural Banking

As a public sector bank, Bank of Baroda has a strong focus on agricultural lending. The bank provides crop loans, farm mechanization loans, irrigation loans, and allied agriculture loans to support farmers. The bank's Kisan Credit Card scheme provides farmers with timely credit for their agricultural needs. Bank of Baroda is one of the largest agricultural lenders in India.

Financial Inclusion

Bank of Baroda actively participates in financial inclusion initiatives and implements various government schemes. The bank has opened millions of accounts under the Jan Dhan Yojana and provides banking services in rural and remote areas through its branch network and Business Correspondents. The bank is committed to bringing formal banking to every corner of India.

Awards and Recognition

Bank of Baroda has received numerous awards for banking excellence, digital innovation, and customer service. The bank has been recognized for its contribution to export promotion, MSME financing, and implementation of government welfare schemes. The bank's bob World platform has won several awards for its innovative features and user experience.