Personal BankingAccounts & DepositsSavings AccountBasic Savings Bank Deposit Account

SALIENT FEATURES OF BASIC SAVINGS BANK DEPOSIT ACCOUNT
Eligibility Individuals in their own name or in joint names of family members
Branches authorized to open the accounts All branches except specialized branches
KYC Norms

All our Basic SB accounts should be fully KYC complied accounts.

Any one of the following documents like Aadhaar card/Passport/Driving licence/Voter's card/PAN card as to theidentityandaddressof the customertothesatisfactionof the bank. Job card issued by NREGA duly signed by an officer of the State Government and the letters issued by the Unique Identification AuthorityofIndiacontainingdetails of name, address and Aadhaar number are sufficient proof of KYC.

Minimum balance for opening the account Zero
Non-operation/activation charges ofin- operative accounts Zero
Transactions

While there will be no limit on the number of deposits that can be made in a month, maximum number of withdrawalsin a month, including ATM withdrawals is restricted to 4.If exceeded, Rs.20/- plus service tax per transaction will be charged.

The individual debit and credit per transaction should be below Rs.50, 000/- for all Basic Saving Bank Deposit Accounts

Minors' Account Minors Account represented by F&G /Natural Guardian is permitted
Issue of Cheque books One 10 leaves cheque book free of cost on request basis. As we are issuing ATM Debit cards in the accounts, cheque book need to be issued only on request basis.
ATM-cum-Debit Card Yes. Free of cost without AMC
Internet Banking / Mobile banking If the customer requires internet banking, SMS banking or other valueadded services,thecustomer has to convert the account to other category of account and keep the required minimum balances to avail the facilities.
Immediate credit of out station cheques No.
Collection of outstation cheques Permitted. Usual collection charges applicable
Conversionto regular SB accounts Permitted on obtaining requestand remittance of minimum balance required.
Other conditions

Holders of ‘Basic Savings Bank Deposit Account’ will not be eligible for opening any other savings bank deposit account in the same bank.

If a customer has any other existing savings bank account with our bank, he/she will be required to close the account before opening a ‘Basic Savings Bank Deposit Account’.