Bank of Baroda to go for long-term financing for Infrastructure and Affordable Housing

NEW DELHI: Short Description-The Bank on another major achievement has launched a bob Central Government Employees Salary Account as part of DFS initiative.

Government-owned Bank of Baroda has announced the exchanges that the Board of Directors has scheduled a meeting to be held on Friday, 30th January 2026 at Bank’s Corporate Office, BKC, Mumbai, in order to consider and approve raising of Long-Term Bonds for Financing of Infrastructure and Affordable Housing.

Further, the Bank has launched the bob Central Government Employees Salary Account, as part of the Department of Financial Services (DFS) initiative to offer a special Salary Account Package for Central Government employees.

Launched by the DFS Secretary, Shri M. Nagaraju, the salary account package is a single-window banking solution offering enhanced salary account features, extensive insurance coverage and premium card benefits for Central Government employees.

Speaking on the occasion, Dr. Debadatta Chand, Managing Director & CEO, Bank of Baroda said, “Bank of Baroda is pleased to launch this composite Salary Account Package, designed to empower Central Government employees. It seamlessly integrates savings, loans and comprehensive protection benefits to deliver convenience, financial security and peace of mind across all cadres of Central Government employees.”

The bob Central Government Employees Salary Account offers numerous benefits such as:

• Instant inbuilt overdraft up to Rs 3 Lakh

• Lifetime Free Premium Debit and Credit Cards

• Free Personal Accident Cover up to Rs 1.5 Crore

• Free Life Insurance Cover up to Rs 15 Lakh

• Up to 100% processing fees waiver on Retail Loan

• Interest rate concession on Retail Loan

• Up to 60% discount on locker charges

• Unlimited free services (RTGS/NEFT/IMPS, Cheque Books and SMS Alerts)