The minimum balance requirement for a Bank of Baroda (BOB) savings account varies depending on the location of the branch. As of June 2023, the minimum quarterly balance in metro and urban branches is Rs. 2000, while in semi-urban branches, it is Rs. 1000. However, there are some BOB savings accounts that do not require a minimum balance, such as the zero balance account. It is important to note that if the minimum balance is not maintained, a penalty fee will be charged. As of January 2019, the penalty fee for non-maintenance of minimum balance in BOB savings accounts was Rs. 1000 plus GST.