Bob Masterstroke Savings Account: A Premium Banking Experience for High-Value Customers

Introduction to bob Masterstroke Savings Account

The bob Masterstroke Savings Account is a new premium banking product launched by Bank of Baroda on 7th October 2024. This account is targeted at high-net-worth individuals (HNIs), corporate executives, NRIs, and affluent customers who want more than just traditional banking. It offers premium lifestyle benefits, concessional loan rates, and unlimited free banking services.

The goal of this account is simple: reward customers who maintain high balances with premium service, exclusive cards, and attractive savings.

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Who Can Open a bob Masterstroke Savings Account?

The bob Masterstroke Savings Account is available for:

Resident individuals (Code: SB116)

NRE customers (Code: SB216)

NRO customers (Code: SB316)

Please note:

Minors are not allowed

Joint accounts are permitted, but only the first holder receives all benefits

Eligible for all account opening modes: Branch (RLBO), Tablet (TAB), and VKYC

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Minimum Balance Requirement (QAB Criteria)

To enjoy the full benefits, you must maintain:

₹10 lakh average quarterly balance (QAB), OR

₹5 lakh QAB + ₹10 lakh in fixed deposits (FDs) under the same CIF

If balance is not maintained:

Balance Type Charges (per Quarter)

< ₹5 lakh ₹3,000 + GST

₹5–10 lakh + FD < ₹10 lakh ₹1,500 + GST

If your balance stays below the required level for 3 continuous months, the account will be downgraded to a regular savings account, and all Masterstroke benefits will stop.

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Top Features of bob Masterstroke Savings Account

Here’s what makes this account a premium choice for HNIs:

✅ Lifetime Free VISA Opulence Debit Card

₹5 lakh ATM withdrawal limit/day

₹10 lakh POS purchase limit/day

50 free ATM transactions/month

Unlimited international & domestic airport lounge access

8 free airport pickup/drop services per year

Club Marriott membership

Free golf sessions & luxury brand offers

✅ Free Lifetime ETERNA Credit Card

Premium lifestyle offers

No joining or annual fee

Linked with credit score-based eligibility

✅ Free Unlimited Banking Transactions

RTGS, NEFT, IMPS, UPI – all are free and unlimited

Free cheque books and demand drafts

Free SMS & email alerts

Zero transaction charges

✅ 100% Waiver on Processing Fees

Home Loans, Car Loans, Personal Loans, Mortgage Loans, Education Loans

Only out-of-pocket charges like legal/valuation fees apply

Valid for new loans only after opening Masterstroke account

✅ 0.25% Interest Rate Concession

On new loan amounts up to ₹10 lakh

Subject to QAB maintenance and approval

Applied in next quarter after system confirmation

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Sweep-In Sweep-Out Facility

Excess funds above ₹20 lakh can be transferred to Fixed Deposit (FFD) with these conditions:

Minimum threshold: ₹20 lakh

Sweep out: In multiples of ₹25,000

Sweep in: In multiples of ₹10,000

Interest paid: FD rates (181 days or 12 months for NRE)

Happens automatically every Monday

This means your money earns more interest while remaining liquid.

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Doorstep Banking Services (DSBS)

5 free visits per quarter

Covers cash pickup, delivery, cheque collection, and more

First account holder only

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Additional Benefits & Value Worth ₹1.44 Lakh per Year

Here’s what a Masterstroke account holder can save annually:

Benefit Type Estimated Value

Lounge Access ₹56,988

Golf Sessions ₹22,698

Club Marriott Membership ₹10,000

Airport Pickup/Drop ₹14,400

Credit/Debit Card Features ₹40,344+

Total Annual Value ₹1,44,430

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Important Terms and Conditions

All benefits are for the first account holder only

If QAB is not maintained, no benefits next quarter

Only one concession (whichever is higher) will be allowed at a time

Benefits apply only if account is in Masterstroke code

Existing loans are not eligible for concessions

Features are withdrawn if account is closed or converted

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Why Choose bob Masterstroke Savings Account?

Public sector trust with private bank features

Tailored for affluent individuals who want better returns and luxury banking

Gives value through real savings on services and loans

Backed by Bank of Baroda’s wide network and technology

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Final Thoughts

If you're a high-value customer looking for a luxury banking experience, the bob Masterstroke Savings Account is worth considering. It not only adds ease to your transactions but also offers significant financial benefits and lifestyle rewards. Whether you're an NRI, entrepreneur, or executive—this is the savings account that gives you more for your money.

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🔎 FAQs About bob Masterstroke Savings Account

1. What is the focus keyword of this article?

The focus keyword is bob Masterstroke Savings Account.

2. What is the minimum balance for the Masterstroke account?

You must maintain ₹10 lakh QAB or ₹5 lakh QAB + ₹10 lakh in FDs.

3. Who is eligible to open this account?

All adult individuals, including NRIs. Minors are not allowed.

4. Is the VISA Opulence Debit Card really free?

Yes, it is lifetime free for the first account holder.

5. What happens if I don’t maintain QAB?

You will be charged, and all Masterstroke benefits will be paused in the next quarter.

6. Can I get loan concessions on existing loans?

No. Concessions apply only on new loans after opening the Masterstroke account.

7. Is sweep-in/sweep-out facility automatic?

Yes, it runs every Monday after you request activation.

8. How are the loan benefits applied?

After each quarter, if QAB is maintained, the benefits are applied systemically.

9. What is the annual benefit value?

The estimated value of lifestyle and service benefits is around ₹1.44 lakh per year.

10. Can I open this account online?

Yes. You can open via branch, tablet (TAB), or video KYC (VKYC).