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.

Rewards

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Rewards

1 reward point on every 100 spends on debit card

15% discount

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15% discount

1 reward point on every 100 spends on debit card

Free

Get

Free

Cash withdrawal on Utkarsh Bank ATMs

  • No Minimum Balance required

  • Free Debit Card Facilities

  • A Classic Rupay debit card is offered with no annual maintenance charges for the first year

  • Unlimited Free ATM transactions across own bank ATMs within India

  • Higher ATM withdrawal and purchase limits.

  • Access to Internet Banking

  • Passbook Facilities for all Account Holders

  • Interest Rate on Domestic Savings *:

Balance in Rate of Interest w.e.f February 01, 2024
Balance Upto 1 Lakh 4.00% p.a.
Incremental balance above 1 Lakh upto 5 Lakhs 6.25% p.a.
Incremental balance above 5 Lakh upto 50 Lakhs 7.50% p.a.
Incremental Balance above 50 Lakhs up to 10 crore 7.25% p.a.
Incremental Balance above 10 Crore up to 50 crore 7.50% p.a.
Incremental Balance above 50 Crore 7.75% 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 1 - 1000 - 2.50
1000 - 25000 - 5.00
25000 - 500000 - 15.00
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 April 2024, please click here

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Apply for Basic Savings Bank Deposit Account (BSBDA)

Loan calculator

Amount ()

1 Lac

10 Cr

Tenure ( )

1 Month

120

Interest Rate (%)

1%

31%

line-chart-pattern-bg
Equated Monthly installments (EMI)

2,10,651

Need more Information?
Deposit Amount
Interest Earned

Interest Rate

8.00%

Interest Earned

3,50,452

Maturity Value

13,50,452

Maturity Date

20 Apr 2023

(Indicative interest rates for calculation only. click here for latest rates.)

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