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Image    Basic Saving Bank Deposits Account (BSBDA)


The Basic Saving Bank Deposit Account should be considered as normal banking service. This account shall not have the requirement of any minimum balance. The services available in the account will include deposit and withdrawal of cash at bank branch as well as ATMs, receipt/ credit of money through electronic payment channels or by means of deposit/collection of cheques drawn by Central/State Government agencies and departments. ATM card or ATM cum debit card, RuPay debit card to be issued to all the account holders. These facilities will be provided without any charges. No charges will be levied for non-operation/ activation of in operative Basic Saving Bank Deposit Account.


Eligibility

        Account can be opened by individuals who can open regular savings bank accounts. Customer to give declaration that he/she is not maintaining any BSBDA A/c with other banks while opening the account.

Quarterly Average Balance

Nil

Type of ATM/Debit card

RuPay Classic card

Debit Card charges

Issue charge – Free
Annual Maintenance Charge - Free

Number of withdrawals

4 per month FREE (including branch, own ATM &other ATM).

ATM Cash Withdrawal Limit

Rs.25,000/- Per day

ATM POS Limit

Rs.50,000/- Per day

Free Personal Accident Insurance (Death) cover with debit card*

Rs 2 Lakhs (by bank), Rs 1 Lakhs (additional by RuPay).

Cheque Book

Not allowed. Withdrawal through withdrawal slip.

Account Closure Charges

NIL

Charges for non-operation/non- activation of inoperative BSBDA accounts

NIL


*Personal Accident insurance with debit card is subject to terms and conditions of debit card policy/usage and policy of RuPay which may change from time to time.


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