Eligibility: Saving Fund account can be opened by an INDIVIDUAL singly or jointly, minors of the age of 10 years and above, minors under natural/legal guardianship. An illiterate or a visually impaired person is also eligible to open Saving Fund account under the scheme with usual safeguards.
Minimum balance/Initial Balance requirement: ZERO.
Issuance of Cheque Book: A cheque book of 20 leaves may be issued free of cost in a year. Thereafter, normal cheque book charges would be applicable.
Extent of transactions/ Operation permitted: There will be no limit on the number of deposits that can be made in a month. Account holder will be allowed a maximum of four withdrawals in a month, including ATM withdrawl
Debit Card/ATM Card: Facility of ATM-cum-Debit Card shall be available without any charge. However, annual maintenance charge shall be recovered.
No charge will be levied for non-operation/activation of in-operative of Basic Saving Bank Deposit Account.
One person / one saving a/c in same bank. all other a/cs in same bank shall be closed by customer within 30 days from opening such a/c.
Biometric details to be captured for using B.C. outlets under kiosk banking solutions & can deposit cash/withdraw cash at B.C. locations.
Nomination facility available as per normal rules