Basic Savings Bank Deposit Small Account (BSBDA-Small)

This product is for customers belonging to the economically weaker section of the society, who do not have proper KYC documents. With a Zero average balance requirement, it is targeted towards bringing unbanked population under banking segment.Zero Liabilities coverage on Debit card.

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• Benefits
• Fees And Charges

1. No Minimum Balance required
2. A Classic Rupay debit card is offered with no annual maintenance charges for the first year
3. Higher ATM withdrawal and purchase limits.
4. Access to Internet Banking
5. Passbook Facilities for all Account Holders
6. Interest Rate on Domestic Savings *:   

Balance in	Rate of Interest w.e.f June 01, 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 Lakh	7.00% p.a.

* Terms & Conditions

	Basic Savings Bank Deposit Small Account(BSBDA-Small)
	Average Balance Requirements	Basic Savings Bank Deposit Small Account (BSBDA- Small)
		AQB
	Metro & Urban Banking Outlet	Nil
	Semi-Urban & Rural Banking Outlets	( The balance at any point of time should not exceed 50,000/-)
	Charges for Non-Maintenance	Nil
	Banking Outlet Cash Transactions
	Cash Deposit Transactions- Free limits/month	Total credits in such accounts should not exceed one lakh rupees in a year Maximum balance in the account should not exceed fifty thousand rupees at any time The aggregate of all credits in a financial year should not exceed 1 lakh.
	Charges Beyond Free Limit	Not Applicable
	Cash Deposit Transactions(Folio Charges)	4 transactions
	Charges Beyond Free Limit	Not Applicable
	Cash Withdrawal - Free limits/month	Monthly Cash withdrawl (including debit transfers) is restricted to ten thousand.
	Cash Withdrawal charges beyond free limit	Not Applicable
	DD/PO Issuance
	Demand Drafts Payable on own Bank Locations	Upto 2,000/- 20/- Above 2,000/- upto 10,000/- 50/-
	Demand Drafts Payable at Correspondent Bank Locations	1/- per thousand, min 25/DD + Correspondent Bank charges
	Revalidation	Free
	Duplicate DD Issuance	Upto 2,000/- 20/- Above 2,000/- upto 10,000/- 50/-
	DD/PO Cancellation	100/-
	Cheque Issuance/ Collection Charges
	Free Leaves	Not Available
	Charges Beyond Free Limit	Not Available
	Cheque Return Charges (Outward)	200/- per cheque
	Cheque Return Charges (Inward)	500/- per cheque
	NEFT/RTGS/IMPS transactions (Online)
	RTGS Outward	Not Available
	NEFT Outward	Free
	IMPS Payments	Upto 10,000/- 5/-
	Phone/Mobile Banking
	Phone Banking	Free
	SMS Alerts	Free
	Doorstep Banking Services
	Cash Pickup Charges (within city limits with a radius of 5 km from base banking outlet)	Not Available
	Cheque Pickup Charges (within city limits with a radius of 5 km from base banking outlet)	Not Available
	Other Charges
	Quarterly Physical Statements	Free
	Email Statements	Not Available
	Stop Payment Instructions	Not Applicable
	Signature, Address and Photo attestation	Free
	Duplicate Interest & Balance Certificate Issuance Charge	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 Sep 2022 click here

 

 

• Benefits
  1. No Minimum Balance required
  2. A Classic Rupay debit card is offered with no annual maintenance charges for the first year
  3. Higher ATM withdrawal and purchase limits.
  4. Access to Internet Banking
  5. Passbook Facilities for all Account Holders
  6. Interest Rate on Domestic Savings *:   

  Balance in	Rate of Interest w.e.f June 01, 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 Lakh	7.00% p.a.

  * Terms & Conditions

• Fees And Charges

  	Basic Savings Bank Deposit Small Account(BSBDA-Small)
  	Average Balance Requirements	Basic Savings Bank Deposit Small Account (BSBDA- Small)
  		AQB
  	Metro & Urban Banking Outlet	Nil
  	Semi-Urban & Rural Banking Outlets	( The balance at any point of time should not exceed 50,000/-)
  	Charges for Non-Maintenance	Nil
  	Banking Outlet Cash Transactions
  	Cash Deposit Transactions- Free limits/month	Total credits in such accounts should not exceed one lakh rupees in a year Maximum balance in the account should not exceed fifty thousand rupees at any time The aggregate of all credits in a financial year should not exceed 1 lakh.
  	Charges Beyond Free Limit	Not Applicable
  	Cash Deposit Transactions(Folio Charges)	4 transactions
  	Charges Beyond Free Limit	Not Applicable
  	Cash Withdrawal - Free limits/month	Monthly Cash withdrawl (including debit transfers) is restricted to ten thousand.
  	Cash Withdrawal charges beyond free limit	Not Applicable
  	DD/PO Issuance
  	Demand Drafts Payable on own Bank Locations	Upto 2,000/- 20/- Above 2,000/- upto 10,000/- 50/-
  	Demand Drafts Payable at Correspondent Bank Locations	1/- per thousand, min 25/DD + Correspondent Bank charges
  	Revalidation	Free
  	Duplicate DD Issuance	Upto 2,000/- 20/- Above 2,000/- upto 10,000/- 50/-
  	DD/PO Cancellation	100/-
  	Cheque Issuance/ Collection Charges
  	Free Leaves	Not Available
  	Charges Beyond Free Limit	Not Available
  	Cheque Return Charges (Outward)	200/- per cheque
  	Cheque Return Charges (Inward)	500/- per cheque
  	NEFT/RTGS/IMPS transactions (Online)
  	RTGS Outward	Not Available
  	NEFT Outward	Free
  	IMPS Payments	Upto 10,000/- 5/-
  	Phone/Mobile Banking
  	Phone Banking	Free
  	SMS Alerts	Free
  	Doorstep Banking Services
  	Cash Pickup Charges (within city limits with a radius of 5 km from base banking outlet)	Not Available
  	Cheque Pickup Charges (within city limits with a radius of 5 km from base banking outlet)	Not Available
  	Other Charges
  	Quarterly Physical Statements	Free
  	Email Statements	Not Available
  	Stop Payment Instructions	Not Applicable
  	Signature, Address and Photo attestation	Free
  	Duplicate Interest & Balance Certificate Issuance Charge	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 Sep 2022 click here