Bank of Baroda · statement narration
ACCT CLOSURE CHG
Also printed as: CLOSURE CHARGES · AC CLOSE CHG · ACCOUNT CLOSING CHARGES · PREMATURE CLOSURE CHG
Decoded
A fee for closing your account within a defined period after opening it.
Hinglish meinAccount khulne ke kuch samay ke andar band karne par lagne wala charge.
- Within 14 days of opening · All Savings Accounts
Within 14 days of opening · All Savings Accounts, Bank’s own figure
From Bank of Baroda — Service Charges
Verified
- Bank’s own figure
- 15 days up to 1 year · Regular Savings
- ₹300 + 18% GST
ACCT CLOSURE CHG on your Bank of Baroda statement — A fee for closing your account within a defined period after opening it. The bank publishes a rate table, not one figure; the rates are below.
Read from Bank of Baroda — Service Charges on 2026-08-25.
Account closure charge: what other banks publish
Bank’s own figures, before GST. Where a bank publishes several rates, the bar runs from its lowest to its highest — its table below says which applies to whom. Tap a figure for its source.
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What it costs, including GST1 rule · rate table, conditions and waiver
Savings Accounts — Service Charge Portfolio · Branch
Bank of Baroda account closure fee structure: Nil within 14 days; Rs300 (+ GST) between 15 days and 1 year (Rs1,000 for Platinum); Nil beyond 1 year or on death of holder.
| Rate | Bank’s figure | With 18% GST |
|---|---|---|
| Within 14 days of opening · All Savings Accounts | ₹0 | — |
| 15 days up to 1 year · Regular Savings | ₹300 | ₹354 |
| 15 days up to 1 year · Platinum Savings | ₹1,000 | ₹1,180 |
| Beyond 1 year · All Savings Accounts | ₹0 | — |
| Closure due to death of holder · All Savings Accounts | ₹0 | — |
The bank's figure is before tax, so 18% GST is added on top.
Applies when: Applies to Bank of Baroda Savings Bank Account schemes.
Why it happened and how to avoid it
Why it happened
The account was closed inside the chargeable window after the first transaction.
How to avoid it
Close within the initial free window (commonly 14 days), or wait until the account is over a year old. No charge applies where the account is closed due to the holder's death.
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Official source1 document
- Bank of Baroda — Service Charges
Retrieved 2026-08-25
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