BSBDA AND SMALL ACCOUNT
BSBDA AND SMALL ACCOUNT
| Basic Savings Bank Deposit Account – BSBDA | Small Account | |
| TARGET CUSTOMERS | · Only for individuals
· Holders of Basic Savings Bank deposit account will not be eligible for opening of any other savings bank deposit account with us. If a customer has any other existing savings bank deposit account with us, he/she will be required to close it within 30 days from the date of opening a Basic Savings Bank Deposit account. |
· Accounts can be opened by Individuals. Opening of Joint account with operational clause ‘either or Survivor’ etc is also allowed. However number of account holders is restricted to two only. |
| KYC REQUIREMENT | As applicable to Normal Savings Bank account | · An Individual who desires to open a small account may produce NREGA job card duly signed by an Officer of the State Government or the letter issued by the Unique Identification Authority of India containing details of Name, Address and Aadhaar Number (called valid documents). However accounts can also be opened on production of a self attested photograph and affixation of signature
or Thumb print as the case may be on the prescribed form for opening the account. In that case the designated officer of the branch while opening the small account certifies under his / her signature that the person opening the account has affixed his / her signature or thumb print as the case may be in his / her presence |
| AVERAGE MONTHLY MINIMUM BALANCE | NIL | NIL |
| CHARGES FOR NON-MAINTENANCE OF MINIMUM BALANCE | NIL | NIL |
| CHEQUE BOOK | 20 free personalized cheque leaves per calendar year | By way of withdrawal slips only accompanied by pass book. |
| SMS ALERT | No charges for Mandatory SMS | No charges for Mandatory SMS |
| NET/MOBILE BANKING | Facility available | Not Available |
| RESTRICTIONS IN TRANSACTIONS AT THE BRANCH | There is no limit on the number of deposits that can be made in a month
Account holders will be allowed a maximum of 4 withdrawals in a month including ATM withdrawals. |
Operations through withdrawal slip only. The aggregate of all credits in a financial year not to exceed Rs.1 lakh The aggregate of all withdrawals and transfers during the month not to exceed Rs. 10,000/- The balance at any point of time not to exceed Rs. 50,000/-. |
| MAXIMUM WITHDRAWAL AT OUR BANK & OTHER BANK ATMs | Maximum of only 4 withdrawals per month (including ATM WITHDRAWALS) is allowed free of charge. Beyond that charges apply. | Not available |
| CONVERSION OF ACCOUNT | For availing the value added services offered to other SB accounts, the account holders of this scheme have to fulfill full KYC procedures and minimum balance requirements as applicable to such SB customers | For availing the value added services offered to other SB accounts, the account holders of this scheme have to fulfill full KYC procedures and minimum balance requirements as applicable to such SB customers |
| ADDITIONAL CONCESSIONS OFFERED | No Account closure charges | No Account closure charges |
| SERVICE CHARGES | As per latest service charges notification | As per latest service charges notification |
( Last modified on Sep 12, 2022 at 06:09:14 PM )
