No Minimum Balance required
Free Debit Card Facilities
Access and unlimited ATM access (own/other) Bank
Access to Internet Banking
Complementary Personal Accident Insurance Cover
Passbook Facilities for all Account Holders
A Basic Savings Bank Deposit Account holder cannot hold any other type of account in the Bank.
If an account does exist, one needs to close the account to be eligible for the Basic Savings Bank Deposit Account.
The Documents required for a Basic Savings Bank Account are as follows.
For a full list of address and identity proof documents
- One latest passport size photograph
- Aadhaar Card
- Address and identity proof documents
Documents for Basic Savings Account for a Hindu Undivided Family
- Copy of PAN Card/ Form 60 of HUF
- Declaration from the Karta
- Proof of identification and address of Karta as per documentation for individual
- Prescribed Joint Hindu Family Letter signed by all the adult holders
Documents Acceptable as Proof of Identity & Address (For Domestic Individual Savings Accounts)*- Opening of Accounts / Address Change / Periodic Updation of KYC (Re-KYC)
||Type of Document
||Permanent Account Number(PAN)
||Voters ID Card(Issued by Election Commission of India)
||Job Card by NREGA duly signed by an officer of the State Government
***A customer shall not be required to furnish separate proof of current address, if it is different from the address recorded in OVD. In such cases, the customer is required to submit a declaration indicating the address to which all correspondence will be made by the bank/branch subject to positive field verification by the branch official which needs to be recoded.
*Kindly contact the nearest branch in case you don’t have any of the above mentioned documents.
How many Basic Savings Bank Deposit Accounts can an individual have?
An individual can have only one Basic Savings Bank Deposit Account in one bank at a time.
Can an individual have any other Savings Account along with the Basic Savings Bank Deposit Account?
The customer is not eligible to hold any other type of Savings Account along with the Basic Savings Bank Deposit Account. The customer is required to close the account prior to applying for the Basic Savings Bank Deposit Account.
Are only weaker sections of the society considered for the Basic Savings Bank Deposit Account?
The Basic Savings Bank Deposit Account should be considered as any other banking service and is available to all sections of society.
Can an individual have other deposit accounts where he/she already holds a Basic Savings Bank Deposit Account?
Yes, an individual is eligible to hold a Fixed Term Deposit, Recurring Deposit, etc. where one already holds a Basic Savings Bank Deposit Account.