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.
SBI customers ALERT: State Bank of India changes rules for cash withdrawal from ATM, branch - The new rules and regulations for basic savings account holders of State Bank of India will come into effect from July 1.
The new charges would apply to ATM withdrawals, chequebook, transfer, and other non-financial transactions. The new charges will come into effect from July 1, 2021.
State Bank of India s basic savings account holders are issued a basic Rupay ATM-cum-debit card.
The State Bank of India (SBI) revised its rules and regulations for cash withdrawals from its ATMs, branches, as well as chequebook charges for the basic savings bank deposits (BSBD) account holders. According to an official statement released by the country s largest lender, the new rules and regulations for the basic savings account holders will come into effect from July 1, 2021. The basic savings bank accounts at the State Bank can be opened by providing valid KYC documents by individuals. (
There is no limit on the minimum or maximum balance assigned for these basic savings accounts. As there is no limit for the minimum balance in basic savings accounts, this means that the minimum balance is nil for account holders. State Bank of India s basic savings account holders are issued a basic Rupay ATM-cum-debit card. According to the official notification, the new rules for basic sav