Open BSBD Account in SBI Check Features and Services Offered

sbi state bank of india
24th May 2018 | Category: Finance Updates

BSBD- Basic Savings Bank Account is service provided by banks that does not require to maintain monthly average account and there is no need for minimum account balance. Individuals can open BSBD account in SBI bank in simple steps. For a normal savings bank account, banks charged penalty if there is no minimum balance or the monthly average balance is not maintained. BSBD account relieves from such charges for customers who do not have high income and find it difficult to maintain average balance.

Individuals can fill the BSBD account form in bank’s branch and submit it or the bank also provides facility to register for SBI BSBD banking online. The services offered in BSBD banking goes with its name as basic services. Customers opted for BSBD banking in SBI gets access to internet banking. Banks also issues ATM card to customer having BSBD account

Eligibility of BSBD Banking

  • Customers can open a single account, joint account in SBI bank
  • The eligibility for customer is same as that of regular savings banks account
  • A customer can make only 4 withdrawals in a month from his/her account
  • Customers should have valid KYC documents to open a BSBD account

Features of SBI BSBD Account

  • Customers get a free RUPAY debit card (ATM Card)
  • No annual maintenance fee is charged in BSBD accounts
  • Customers can get access to mobile banking, internet banking and phone banking
  • No fees will be charged while depositing or collecting central/ state government Cheques
  • Customers can enjoy online shopping, bill payment and mobile recharge services through various modes of banking
  • Customers will get free Passbook for their account
  • Interest rate on deposited account ranges between 3.50% to 4%
  • There is no account closing charges for a BSBD bank account

Thus BSBD banking comes as a great aid for customers who are unable to open bank account or those found it difficult to maintain the monthly average balance.

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