Basic Savings Bank Account

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Basic Savings Bank Account

Open a Basic Savings Bank Account with zero balance requirements and easy access to banking services. Start saving today!

  • cheque availibilty
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Details for Basic Savings Bank Account

A Basic Savings Bank Account offers hassle-free banking with zero balance requirements, free deposits, and easy withdrawals. Ideal for first-time account holders, it ensures financial inclusion with minimal paperwork, ATM access, and digital banking benefits. Secure, simple, and accessible for all.

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Interest Rate

7.00%

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Withdrawal Limit

Not available

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Transaction Limit

Not available

Minimum Balance Required

  • No Minimum balance required

Eligibility Criteria for Opening an Account

  • he holders of BSBD Account will not be eligible for opening any other savings bank deposit account in that bank. If a customer has any other existing savings bank deposit account in that bank, he / she will be required to close it within 30 days from the date of opening a BSBD Account. Further, before opening a BSBD account, a bank should take a declaration from the customer that he / she is not having a BSBD account in any other bank.

Additional Benefits

  • No Minimum balance required
  • Rupay Classic Debit Card
  • 20 free cheque leaves per annum
  • Aadhaar based credit of subsidy/government benefits are free of charge.
  • Minimum of free four withdrawals in a month, including ATM withdrawals
  • Account view facility on Fednet (Internet Banking)
  • Free cheque collection (restricted to funding of subsidies and financial aid/grants from central/state government, government agencies, etc). Other bank charges will not be reimbursed. Collection of other cheques as per the normal service charges applicable.
  • Free Internet banking
  • Free Mobile banking

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