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Basic Savings Bank Deposit Account

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Savings account in India

Basic Savings Bank Deposit Account or BSBDA in India is a savings account that does not have a minimum balance. The maximum amount in the account cannot exceed 50000 INR at any time, and the total deposits cannot exceed 100000 INR in a year.

The account holders receive a debit card and they can have certain number of deposits and withdrawals per month. The Reserve Bank of India has introduced this for the poorer sections of the society.

References

  1. "Basic Savings Bank Deposit Account (BSBDA) - A Complete Guide | HDFC Bank". www.hdfcbank.com. Retrieved 2024-12-05.
  2. "Reserve Bank of India". www.rbi.org.in. Retrieved 2024-12-05.
  3. "Basic Savings Bank Deposit Account (BSBDA) - A Complete Guide | HDFC Bank". www.hdfcbank.com. Retrieved 2024-12-05.
  4. "BSBDA - Open Basic Savings Bank Deposit Account Online | AU Small Finance Bank". www.aubank.in. Retrieved 2024-12-05.
  5. "Basic Savings Bank Deposit Account - Personal Banking". sbi.co.in. Retrieved 2024-12-05.
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