➤ 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