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.