This account can be opened by any individual provided he/she has valid KYC documents. Primarily meant for poorer sections of society to encourage them to start saving without any burden of charges or fees.

  • As applicable to regular Savings Bank Account

KYC requirement
  • The account will be KYC compliant.

Mode of Operation
  • Singly, jointly, or with Either or Survivor, Former or Survivor, anyone or Survivor etc. facility.

Available at
  • All branches

Minimum balance amount


Maximum balance /amount
  • No upper limit

Rate of Interest
  • As applicable to Savings Bank Accounts

Operations in the Account
  • Using withdrawal forms at Branches or through ATMs.

  • Basic RuPayATM-cum-debit card will be issued

Service Charges
  • Basic RuPay ATM-cum-Debit card will be issued free of cost and no annual maintenance charge will be applied.

  • Receipt/ credit of money through electronic payment channels like NEFT/RTGS will be free

  • Deposit/ collection of cheques drawn by Central/State Government will be free

  • No charge on activation of inoperative accounts

  • No account closure charges.

Most Important Terms & Conditions
  • The Customer cannot have any other Savings Bank Account, if he/she has a Basic Savings Bank Deposit Account. If the customer already has a Savings Bank Account, the same will have to be closed within 30 days of opening a Basic Savings Bank Deposit Account.

  • Maximum 4 withdrawals in a month, including ATM withdrawals at own and other Bank's ATMs and transactions through other mode including RTGS/NEFT/Clearing/Branch cash withdrawal/transfer/internet debits/standing instructions/EMI, etc. No further customer debits would be allowed during the month.