Bank of Baroda’s business checking solutions

Open your Business Checking Account now!

  • Benefits
  • Key Features
  • Eligibility
  • Process
  • Charges
  • Terms and Conditions
  • FDIC Insured.
  • A Government of India Undertaking.
  • Wide Branch Network in India and presence in 26 countries around the world.
  • Present in New York for more than 33 years.
  • Technology capable to meet your business requirements
  • No restrictions on number of transactions
  • Check Book Facility
  • Free mailing of Monthly Statement of Account
  • No hidden charges
  • Facility to avail of our Ancillary Services, viz.
    • Fund Remittance Facility
    • Bills / Check Collection Facility
  • A Business Checking Account can be opened by any business entity subject to the applicable rules and regulations of the country of domicile of the business entity and of the United State of America. The Business Entity may be a Sole Proprietorship, Partnership or Corporate/Company.

Download and completely fill up the Application Form (with Disclosures) and Attach

  • W-8BEN Certificate of foreign Status – applicable for Non-US applicants OR
  • W-9 Tax payer Identification Number & Certificate – applicable for US applicants
  • Photocopies of Latest Utility Bill in the name of Business.
  • Photocopies of Photo ID like Driver License, Passport etc. of all the signatories.
  • Photocopies of Latest Utility Bill in the name of the Authorized Signatories.
  • Letter of Authority to obtain report from existing Bankers with their contact information.
  • Regulatory / Government Permission (as applicable).
  • Certificate of Incorporation, Limited Liability certificate, and Articles of Association etc.
  • Any Other documents as per the Checklist to the application form
  • Check in favor of Bank of Baroda for initial amount of deposit.
  • Account Maintenance Charges of US $ 25.00 per month.
  • If Statement of Account is required on a Daily Basis by FAX / E-mail, there is an extra charge of US $ 100.00 per month for the same.
  • Minimum Balance charges as per the Policy of the Bank.

Minimum Balance Requirement / Maximum Balance

  • The minimum balance requirement is US Dollar 2,500.00. There is no restriction / ceiling for maximum amount in the account.


To help the Government fight the funding of terrorism and money laundering activities, Federal law requires all financial institutions to obtain, verify and record information that identifies each person who opens an account. When you open an account we will ask you for your name, address, date of birth, and other information that will identify you. We may ask to see your Driver License and other identifying documents.

Please note that in case requested follow-up information required for compliance with regulations pertaining to ‘Customer Identification Program’ and ‘Know Your Customer’ is not forthcoming within 30 days after account opening or otherwise upon request by the branch, any relationship already established, will be terminated.

Frequently Asked Questions (FAQs)

  • 1. What is a Business Checking Account?

    This is a non- interest bearing account with no restrictions on the number of transactions.

  • 2. Who can open?
    A Business Checking Account can be opened by any business entity subject to the applicable rules and regulations of the country of domicile of the business entity and of the United State of America. The business Entity may be a Sole Proprietorship, Partnership or Corporate/Company.
  • 3. Minimum Balance Requirement/Maximum Balance
    The minimum balance requirement is US Dollar 2,500. There is no restriction/ceiling for maximum amount in the account.
  • 4. What are the main features of Business Checking Account?
    No restrictions on number of transactions
    Check book facility
    Free mailing of monthly statement of account
    No hidden charges
    Facility to avail of our ancillary services, viz.
    i. Fund remittance facility
    ii. Bills/Check Collection Facility
     
  • 5. Charges?

    • Account maintenance charges of US $ 25.00 per month

    • If statement of account is required on a daily basis by FAX/E-mail, there is an extra charge of US $ 100 per month for the same

    • Minimum balance charges as per the policy of the Bank

  • 6. How to open the Account?

    Download and completely fill up the Application Form (with Disclosures) and Attach

    • W-8BEN Certificate of foreign Status – applicable for Non-US applicants OR
    • W-9 Tax payer Identification Number & Certificate – applicable for US applicants
    • Photocopies of latest utility bill in the name of business
    • Photocopies of photo ID like driver license, passport etc. of all the signatories
    • Photocopies of latest utility bill in the name of the authorized signatories
    • Letter of authority to obtain report from existing Bankers with their contact information
    • Regulatory/Government Permission (as applicable)
    • Certificate of Incorporation, Limited Liability Certificate, and Articles of Association etc.
    • Any other documents as per the checklist to the application form
    • Check in favor of Bank of Baroda for initial amount of deposit
  • 7. Why Bank of Baroda?
    • FDIC Insured.
    • A Government of India Undertaking.
    • Wide Branch Network in India and presence in 26 countries around the world.
    • Present in New York for more than 33 years
    • Technology capable to meet your business requirements
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