• ATM/Debit Card facility for ATM, E-Commerce and Point of Sale.
• Individual/HUF/Joint A/c can be opened.
• An ideal option to cultivate the habit of banking and Saving.
• Simplest way of making small Savings into big.
• Easy to operate/handle.
• Deposits up to statutory limit are insured by DICGC.
• Option for money withdrawal by withdrawal forms or by cheque.
• Facility of nomination.
• Interest @ 4 % p.a. applied quarterly.
• Free 60 cheque leaves in a calendar year.
• Free SMS facility for all transactions

Terms & Conditions: 

• Opening with minimum balance of Rs. 1000/- (with cheque book) Rs. 500/- (without cheque book)
• Charges as per bank’s rule for not maintaining monthly minimum balance.
• While depositing Rs. 50,000/- or above in aggregate in one day, PAN No./Form 60 per transaction is necessary.

Documents required :

• Two passport size photograph.
• Proof of Identification & Address.
• PAN Card/ Form 60.

BASIC SAVINGS BANK DEPOSIT ACCOUNT:

• This account should be considered in normal banking service available to all .
• This account shall not have the requirement of any minimum balance.
• The services available in the account will include deposit and withdrawal of cash at bank branch, receipts /credit of the money through electronic payment channels or by means of deposit / collection of cheques drawn by Central /State government agencies and departments.

OPERATIONAL GUIDELINES

• The above facilities will be provided without any charges.
• No charge will be levied for non operation / activation of inoperative “Basic Saving Bank Deposit Account”.
• This account would be subject to RBI instructions on KYC / AML for opening of bank accounts issued from time to time.
• Holders of this account will not be eligible for opening of any other savings bank deposit account in that bank.
• Any other existing account has to be closed within 30 days by the customers