Basic Saving Bank Deposit Account Branch Channel - Personal Banking

• All individuals having valid KYC documents and not having any BSBD accounts are eligible to open BSBD Account. Existing BSBD accounts are not eligible to open another BSBD account.

• Singly, jointly, or with Either or Survivor, Former or Survivor, anyone or Survivor etc. facility.

• The account will be KYC compliant.

Most Important Terms & Conditions

• The holder of a BSBD account shall not be eligible to open another BSBD account in the same bank or any other bank. Accordingly, before opening a new BSBD account or converting an existing savings bank account to a BSBD account, a declaration from the customer to be obtained that he / she does not have a BSBD account in any bank.

• Basic RuPay ATM-cum-Debit card will be issued free of cost and no annual maintenance charge will be applied.
• Deposit/ collection of cheques drawn by Central/State Government will be free
• No charge on activation of inoperative accounts
• No account closure charges.
• Minimum of four free withdrawals, including transfers and ATM transactions (done either at the bank’s own ATM or another bank’s ATM), in a month.
• Digital payment transactions excluding ATM transactions, i.e., Point of Sale transfers, NEFT, RTGS, UPI, IMPS, etc., shall not be counted as withdrawals for this purpose.