Bank of baroda

Cash Management and Remittances
Baroda Money Express
The Baroda Money Express remittance facility ensures rapid payments and transfer of funds as electronic remittance is
the fastest method of transferring money. The facility is available at 345 branches across 53 centres in India including all
branches in Ahmedabad, Bangalore, Chennai, Delhi, Hyderabad, Mumbai, and Pune. The Bank has launched international
money transfer services covering 888 branches in association with Western Union Money Transfer.
Baroda Remit Express
We have established an additional remittance channel through our product, Baroda Remit Express, which has been
introduced in association with Timesofmoney.com to facilitate remittances from registered NRI clients.
BoB Cash Reach
Our BoB Cash Reach product provides electronic fund transfers and cash remittances at 53 cities through our specialized
network of 58 designated branches. BoB Cash Reach facilitates the availability of funds and permits same day account
crediting which our corporate customers require.
BoB Dial
The BoB Dial product also assists our corporate customers by providing a 24-hour telephone banking service through
landline and mobile phones.

---

62
BANK OF BARODA
We also provide remittance and collection facilities at market-competitive rates which are further negotiable for business
enterprises and corporate customers. We have also launched a multi-city cheque payment facility since August 19, 2005
covering 16 cities.
Collection Services
All our branches have the facility of collecting financial instruments including cheques, drafts, warrants, refund orders and
bills from customers and various centres.
Government Business
Apart from offering all retail banking services to customers, we act as agency bank for undertaking various types of
Government business including government deposit schemes/bonds, pension payment business, collection of direct taxes
(CBDT), indirect taxes (CBEC), sales tax (VAT), profession tax and services to civil and non-civil ministries. We are also
an accredited bank of the Ministry of Health and Family Welfare.
Insurance
We have entered into a memorandum of understanding with National Insurance Company Ltd to enable us to sell their
non-life insurance product under corporate agency arrangement on a non-risk sharing basis. We commenced this business
in September 2004 and, during the period from September 2004 to March 31, 2005, we collected premiums amounting
to Rs. 113.50 million and have earned a commission of Rs. 11.50 million. During the half year ended September 30,
2005, we have collected premium amounting to Rs. 110.50 million and we earned commission of Rs. 12.70 million.