Basic Savings Bank Deposit Account

Check out the main benefits of the Basic Savings Bank Deposit Account (BSBDA):

Zero Balance Requirement - Maintain your account without keeping a minimum balance
Free ATM-Debit Card - Get a basic version with no annual maintenance fees
No Limit on Deposits - Deposit as many times as you like with complete freedom
Up to 4 Free Withdrawals Monthly - Includes all transactions excluding UPI
Internet & Mobile Banking Access - Bank online or via mobile, anytime and anywhere
Cheque Book Facility - Request a cheque book at a minimal cost per leaf
Wide KYC Document Acceptance - Open your account easily using commonly accepted ID proofs
Outstation Cheque Collection - Accepted with standard charges applied

Eligibility	Individuals in their own name or jointly with family members. Minors’ accounts represented by a natural guardian are also permitted.
KYC Norms	Accounts need to be fully KYC compliant with an Officially Valid Document (OVD) and PAN Card/Form 60. The following OVDs are acceepted: Passport (valid) Aadhaar Driving License (valid) Voter ID issued by Election Commission of India Job card issued by NREGA, signed by a State Government officer Letter from the National Population Register with name and address details
Other Conditions	Basic Savings Bank Deposit Account (BSBDA) account holders cannot open another savings account in the same bank Customers with existing savings accounts must close them before opening a BSBD account A declaration stating that there is no BSBD account in any other bank is required

Visit your nearest South Indian Bank branch
Fill out the Account Opening Form
Submit necessary KYC documents
Your account will be activated upon successful verification

Minimum Balance	Zero balance required
Withdrawal Limit	4 free withdrawals per month; additional transactions at Rs 20 + taxes
Cheque Book	Rs. 3 per leaf (on request)
Outstation Cheque Collection	Standard collection charges are applicable
Interest Rates	Click here to learn more about interest rates
Service Charges	Click here for comprehensive service charges

Frequently Asked Questions

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SAVINGS ACCOUNT

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