Basic saving account

A simpler thing

This scheme has been designed with the purpose of helping people with relaxed KYC norms

  • Eligibility: Any Indian Resident

Other Condition:

  • Total credits in such accounts should not exceed One Lakh rupees in a year
  • Maximum balance in the account should not exceed fifty thousand rupees at any time
  • The total of debits by way of cash withdrawals and transfers will not exceeds ten thousand rupees in a month
  • Foreign remittance can not be credited to BSA without completing normal KYC formalities
  • only four withdrawals allowed in a month including ATM cash withdrawals
  • Cheque book facility is not available
  • One person can not open more than one account under above category in our bank
  • BSA are valid for a period of 12 months initially which may be extended by another 12 months if the person provides proof of having applied for an officially valid documents.