Basic Savings Bank Account (BSBDA)

Objective The objective of this facility is to cultivate the saving habit among small households and to have Financial Inclusion of everyone in the nation. The transaction should be of non-business and non-commercial nature.
  • All Individuals singly or jointly
Interest Rate
  • Bank will pay interest on daily balance in the account. Present interest rate is - 3.25%
  • Periodicity of Interest : Quarterly in the months of April, July, October and January on daily product basis
Balance Requirement
  • No Minimum balance required
Salient Features
  • Nomination facility available
  • RuPay ATM cards with EMV chip are provided free of cost for the first year
  • 5 transactions free at ATMs
  • RuPay debit cards can be used in any bank ATM and anywhere in India
  • TDS is not applicable for interest earned on the account.
  • SMS alerts for all transactions & last 5 transactions by sending an SMS from mobile.
Documents Requirement to open a New Account

Please visit your nearest branch with required KYC documents (Officially Valid Documents for Identity and Address Proof)