Basic Savings Bank Deposit Account is to make basic banking facilities available to weaker sections and low income groups at an affordable cost.

  • 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’

Unemployed Youth, Students, Housewives, Small Shopkeepers, Vendors, Artisans etc.

  • Account Opening Form.
  • Latest passport size photographs (2) of applicant.
  • Identity Proof.
  • Proof of Address