Basic Savings Bank Deposit Account - Personal Banking

Eligibility

• All individuals having valid KYC documents are eligible to open BSBD Account.
• Singly, jointly, or with Either or Survivor, Former or Survivor, anyone or Survivor etc. facility.

KYC requirement

• The account will be KYC compliant.

Most Important Terms & Conditions

• The Customer cannot have any other Savings Bank Account, if he/she has a Basic Savings Bank Deposit Account. If the customer already has a Savings Bank Account, the same will have to be closed within 30 days of opening a Basic Savings Bank Deposit Account.
• Maximum 4 cash withdrawals free of cost in a month, including ATM withdrawals at own and other Bank's ATMs, Cash withdrawal at Branch Channel, AEPS cash transactions. Thereafter, cash transaction is permitted with a levy of service charges Rs.15/- + GST for every additional cash transaction

Service Charges

• Basic RuPay ATM-cum-Debit card will be issued free of cost and no annual maintenance charge will be applied.
• Receipt/ credit of money through electronic payment channels like NEFT/RTGS will be free
• Deposit/ collection of cheques drawn by Central/State Government will be free
• No charge on activation of inoperative accounts
• No account closure charges.