SBI account offers zero-balance facility with 5 key benefits, similar to Jan Dhan Yojana
SBI's Basic Savings Bank Deposit Account: Know what is SBI's Basic Savings Bank Deposit Account (BSBDA) — a zero balance account with no minimum balance requirement. Enjoy benefits like a RuPay debit card, free mobile and internet banking, and no charges for transactions or account closure. Ideal for hassle-free banking. Open yours today with simple KYC documents.
Discover the SBI Basic Savings Bank Deposit Account (BSBDA), a zero balance account with no minimum balance requirement. Enjoy benefits like a free RuPay debit card, mobile and internet banking, and no transaction charges for NEFT/RTGS. Ideal for hassle-free banking with no upper balance limit.
Who Can Open a BSBDA (Zero Balance Account)?
Eligibility:
Any individual meeting KYC requirements can open a BSBDA.
Required documents include Aadhaar card and PAN card.
Joint Account
Joint accounts can be opened under BSBDA.
All account holders must submit their documents.
Key Benefits of SBI’s BSBDA
No Minimum Balance Requirement:
No penalty for not maintaining a minimum balance, unlike other bank accounts.
Free Basic Services
Includes a bank passbook, basic RuPay ATM-cum-debit card, mobile, and internet banking.
Note: A free chequebook is not provided.
Easy Transactions
Money can be withdrawn or transferred using Aadhaar or UPI apps, similar to regular savings accounts.
No Transaction Charges
No fees for electronic transactions via NEFT/RTGS.
Opening, closing, or reactivating the account is free of charge.
Single Account Rule
You can open a BSBDA only if you do not have another savings account in the same bank.
If you open a BSBDA and have another savings account, the existing account must be closed within 30 days.
Withdrawal Limit
Up to four free withdrawals per month from any ATM or branch.