Basic Saving Bank Deposit

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Basic Saving Bank Deposit

Struggling with high fees & balance limits? The Basic Savings Bank Deposit Account offers zero balance, free transactions & easy banking for everyone!

  • cheque availibilty
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Details for Basic Saving Bank Deposit

The Basic Savings Bank Deposit Account is designed for easy and accessible banking. With zero balance requirements, free ATM withdrawals, and essential banking services, it ensures financial inclusion for all. Enjoy a secure, convenient, and cost-effective savings option with simplified banking benefits.

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Interest Rate

2.90%

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Withdrawal Limit

Not available

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Transaction Limit

Not available

Eligibility Criteria for Opening an Account

  • Unemployed Youth, Students, Housewives, Small Shopkeepers, Vendors, Artisans etc.

Additional Benefits

  • The account shall be subject to Know Your Customer (KYC) /Anti-Money Laundering (AML) for opening of Bank accounts issued from time to time.
  • The accounts shall be permitted to be open with initial deposit of Rs 50/-
  • The operations in the accounts shall be permitted without the requirement of maintaining minimum balance. No penalty shall be levied in accounts with ZERO balance.
  • Free Debit Card issued.
  • Free 20 Cheque leaves per year. Beyond 20 leaves charges @ 2/- per leaf as applicable to other accounts.
  • Free e-banking/ SMS facility.
  • Maximum four withdrawals in a month including ATM withdrawals.
  • The account shall be offered other facilities like RTGS/NEFT, inter –Branch transfers, collection of cheques etc against normal service charges.
  • The account shall not be offered Smart Cards.
  • Holders of ‘Basic Savings Bank Deposit Account’ will not be eligible for opening any other savings bank deposit account. If a customer has any other existing savings bank deposit account in the bank, he/she will have to mandatorily close it within 30 days from the date of opening a ‘Basic Savings Bank Deposit Account’

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