The account shall be subject to Know Your Customer (KYC) /Anti-Money Laundering (AML) for opening of Bank accounts issued by KYC Department, CHQ from time to time.
The accounts shall be permitted to be open with initial deposit of 50/-
The operations in the accounts shall be permitted without the requirement of maintaining minimum balance. No penalty shall be levied even in accounts with ZERO balance.
Free Debit Card issued.
Free 20 Cheque leaves per year. Beyond, charges @ 2/- per leaf as applicable to other accounts.
Free e-banking/ SMS facility.
Maximum four withdrawals in a month including ATM withdrawals.
The account shall be offered other facilities like RTGS/NEFT, inter –Branch transfers, collection of cheques etc at the service charges applicable to other accounts.
The account shall not be offered Smart Cards.
Holders of ‘Basic Savings Bank Deposit Account’ will not be eligible for opening any other savings bank deposit account. If a customer has any other existing savings bank deposit account in the bank, he/she will have to mandatorily close it within 30 days from the date of opening a ‘Basic Savings Bank Deposit Account’