Basic Savings Bank Deposit Account (BSBDA)
The Account provides Basic Savings banking features with the aim of encouraging people to open a Savings Bank account and enjoy the benefits of financial inclusion. Zero Liabilities coverage on Debit card.
Get
Rewards
1 reward point on every 100 spends on debit card
Get
15% discount
1 reward point on every 100 spends on debit card
Get
Free
Cash withdrawal on Utkarsh Bank ATMs
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No Minimum Balance required
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Free Debit Card Facilities
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A Classic Rupay debit card is offered with no annual maintenance charges for the first year
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Access and unlimited ATM access (own/other) Bank
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Higher ATM withdrawal and purchase limits.
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Access to Internet Banking
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Passbook Facilities for all Account Holders
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Interest Rate on Domestic Savings *:
| Balance in | Rate of Interest w.e.f 1stDec 2022 |
|---|---|
| Balance Upto 1 Lakh | 4.25% p.a. |
| Incremental balance above 1 Lakh upto 25 Lakh | 6.50% p.a. |
| Incremental Balance above 25 Lakhs up to 10 crore | 7.25% p.a. |
| Incremental Balance above 10 Crore | 7.50% p.a. |
* T&C Apply
*Important Point: No Additional Interest Rate for Senior Citizen.
| Basic Savings Bank Deposit Account [BSBDA] | |
| Average Balance Requirements | AQB |
|---|---|
| Metro & Urban Banking | Nil |
| Semi-Urban & Rural Branches | Nil |
| Charges for Non-Maintenance | Nil |
| Branch Cash Transactions | |
| Cash Deposit Transactions- Free limits/month | Unlimited |
| Charges Beyond Free Limit | Nil |
| Cash Deposit Transactions Free limits/month [Folio] | Unlimited |
| Charges Beyond Free Limit | Nil |
| Cash Withdrawal charges beyond free limit | Not Applicable |
| Cash Withdrawal Transactions Free limits/month[Folio] | Maximum 4 Withdrawals per month across all channels including drawings through ATM |
| Charges Beyond Free Limit | 10 per transaction |
| DD/PO Issuance | |
| Demand Drafts Payable on own Bank Locations | Upto 10,000/- 50/- Above 10,000/- 4/- per 1,000/- [Min 50/- Max 1000/-] |
| Revalidation | Free |
| Duplicate DD Issuance | Free |
| DD/PO Cancellation | 100/- |
| Cheque Issuance/ Collection Charges | |
| Free Leaves | Not Available |
| Charges Beyond Free Limit | Not Applicable |
| Cheque Return Charges [Outward] | 200/- per cheque |
| Cheque Return Charges [Inward] | 500/- per cheque |
| NEFT/RTGS/IMPS transactions [Online] | |
| RTGS Outward | Free |
| NEFT Outward | Free |
| IMPS Payments | Upto 1 lakh - 5/- Above 1 lakh upto 2 lakhs - 10/- Above 2 lakh upto 3 lakhs - 15/- Above 3 lakh upto 5 lakhs - 20/- |
| Doorstep Banking Services | |
| Cash Pickup Charges [within city limits with a radius of 5 km from base branch] | Not Available |
| Cash Pickup Charges [within city limits with a radius of 5 km from base branch] | Not Available |
| Other Charges | |
| Quarterly Physical Statements | Free |
| Email Statements | Free |
| SMS Alerts |
25 paisa per SMS Subject to maximum amount of ₹ 25 per quarter or actual amount whichever is lower. |
| Stop Payment Instructions | 100/- per cheque |
| Signature, Address and Photo attestation | 100/- per instance |
| Balance Certificate | 100/- per instance |
| Account Related Charges | |
| Account Closure | Nil |
For Debit Card Variants & Charges, kindly refer to the Card Section
For complete details on Fees and Charges effective from 01st May 2023, please click here
Apply to Basic Savings Bank Deposit Account (BSBDA)
Loan calculator
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Interest Rate 8.00% |
Interest Earned 3,50,452 |
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Maturity Value 13,50,452 |
Maturity Date 20 Apr 2023 |
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(Indicative interest rates for calculation only. click here for latest rates.) |
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You are never too far away from quick banking, check nearest Bank and ATM
Contact
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