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Basic Savings Bank Deposit Account (BSBDA)

Basic Savings Bank Deposit Account (BSBDA)

Salient Features

  • A Savings Bank Account meant for people who have been hitherto deprived of banking facility

Min Amt

  • No initial / minimum balance required

Other Requirements/Details

  • Scheme for the financial inclusion of persons hitherto deprived of banking facilities
  • ATM cum Debit card will be issued
  • One demand draft / BPO free of commission for issue to third parties
  • The account holder can avail other value added facilities provided he fulfills full KYC norms
  • 4 debit transactions per month including ATM withdrawals allowed free of charges. No charges for credit transactions
  • No charges for Intra city/intercity transaction.
  • Nomination facility available

( Last modified on Sep 20, 2019 at 12:09:46 PM )