PMJDY

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

  • Only Adult Individuals

Documentation

  • KYC Documentation as per bank and regulatory guidelines

Interest Rates & 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