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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Unlimited Free ATM transactions across own bank ATMs within India
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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
Interest Rate on Domestic Savings *:
| Balance in | Rate of Interest w.e.f. September 10, 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 Lakhs upto 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 16thJuly 2024, 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 |
|
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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