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Features

BASIC SAVINGS BANK DEPOSIT ACCOUNT

This account should be considered in normal banking service available to all.
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, receipts /credit of the money through electronic payment channels or by means of deposit / collection of cheques drawn by Central /State government agencies and departments.

OPERATIONAL GUIDELINES

The above facilities will be provided without any charges.
No charge will be levied for non operation / activation of inoperative “Basic Saving Bank Deposit Account”.
This account would be subject to RBI instructions on KYC / AML for opening of bank accounts issued from time to time.
Holders of this account will not be eligible for opening of any other savings bank deposit account in that bank.
Any other existing account has to be closed within 30 days by the customers