PMJDY Savings Account

Overview

Basic saving account comes with Rupay card with access to 500 plus branches and 1000 plus ATMs. No minimum balance requirement

Salient Features

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 as well as ATMs; receipt/credit of money through electronic payment channels or by means of deposit/collection of cheques drawn by Central/State Government agencies and departments
- While there will be no limit on the number of deposits that can be made in a month, account holders will be allowed a maximum of four withdrawals in a month, including ATM withdrawals;
- Facility of Rupay ATM card (non-FI)/Smart card (FI account)
- Basic Savings Bank Deposit Account' will not be eligible for opening any other savings bank deposit account in that bank. If a customer has any other existing savings bank deposit account in that bank, he/she will be required to close it within 30 days from the date of opening a 'Basic Savings Bank Deposit Account

Eligibility

Documentation

Interest Rates and Charges

Sr.No	Particulars	BSBDA Features
1	Minimum Balance	0(Zero)
2	Number of Withdrawals	Maximum of 4 withdrawals in a month, including ATM withdrawals.
3	Number of remittances into the a/c	No limits
4	Cash Withdrawal
	a. at base branch	No Limit
	b. at Non base branch	Not allowed
5	Collection of Outstation State/Central Government Agencies/Departments Cheques
	(i) Drawn on LVB Centre
	a. at base branch	Free
	b. at Non base branch	Free
	(ii) On other non LVB centre	Free
6	Clearing Cheque Return Charges
	a. Inward Clearing Cheques	Not applicable
	b. Outward Clearing Cheques	Free
	c. Collection of outstation cheques given at base as well as non-base branches	Free
7	Cash Remittance
	a. at base branch	Free *
	b. at Non base branch	Free *
	(* no cash handling charges)
8	Instant Credit	Rs.15000/- per occasion (only at base branch)
9	Others	Pass Book and entry - Free
		Rupay ATM/Smart card - Free
		Internet Banking - Not applicable
		SMS alert - Not applicable
		Non-operation/Activation of
		In-operative accounts - NIL