If a zero minimum balance sounds attractive to you, Basic Savings Bank Deposit Account (BSBDA) is right for you. Contrary to maintaining any minimum average balance like a regular savings account, BSBDA requires a maximum account balance.
Minister of State, Dr Bhagwat Karad pointed that these banks collected over Rs 21,000 crore on account of non-maintenance of minimum balance, while over Rs 8,000 was generated due to additional ATM transactions, and SMS services added over Rs 6,000 crore.