Basic Savings Bank Account (BSBD)

Eligibility

  • Individuals
  • Joint accounts
  • Clubs, Associations
  • Trusts
  • Govt. Bodies
  • Societies (Including Co-operatives)
  • Educational institutions
  • Other non-trading organizations

Interest Rate

Please refer to Deposits Page

Salient Features

  • Nomination facility available
  • ECS/RTGS/NEFT facilities are available
  • No TDS for interest earned on SB deposits
  • RuPay ATM cards with EMV chip are provided free of cost for the first year
  • No charges for Non home branch cash deposits
  • 5 transactions free at ATMs
  • Collection of outstation cheques with prescribed charges
  • RuPay debit cards can be used in any bank ATM and any where in India
  • Periodicity of Interest : Quarterly in months of April, July, October and January on daily product basis

Minimum Balance

  • Minimum balance Rs.500/- for non cheque operation
  • Minimum balance Rs.1000/- for cheque operation

How to open an account ?

  • Please visit your nearest branch, duly fill and submit the opening form and required KYC documents (Officially Valid Documents)
Designed by Yaswanth Gupta Bondada