What is HDFC Bsbda account?
HDFC Bank's Basic Savings Bank Deposit Account (BSBDA), provides access to the best banking services, without requiring that you maintain a minimum balance. With our BSBDA account, you can access banking services across multiple branches ATMs and branches around the country.
Account can be opened by individuals who can open regular savings bank accounts. Customer to give declaration that he/she is not maintaining any BSBDA A/c with other banks while opening the account. 4 per month FREE (including branch, own ATM &other ATM).
Is zero balance account available in HDFC?
Some variants of HDFC Bank Savings Account also offer features like unlimited cash withdrawals at ATMs and zero-balance maintenance requirement, which further adds to the appeal of a Savings Account..
The Basic Savings Bank Deposit Account or BSBDA is a Savings Account that does not have a minimum balance. In contrast, a BSBDA has a maximum account balance that has to be maintained. The BSBDA holder will get an ATM cum Debit Card as a part of the account opening formalities.
What is the validity of Bsbda small account?
12 months
Account can be converted to Regular Savings Account upon submission of KYC documents.09-Feb-2022
Is Bsbda and Jan Dhan account same?
Are PMJDY accounts same as BSBD account? PMJDY accounts are BSBD accounts in nature with additional facility of RuPay Debit card with accident insurance coverage and over draft facility.
1 lakh The aggregate of all withdrawals and transfers during the month not to exceed Rs. 10,000/- The balance at any point of time not to exceed Rs. 50,000/-. Maximum of only 4 withdrawals per month (including ATM WITHDRAWALS) is allowed free of charge.12-Sept-2022
Which bank is best for BSBD account?
Latest Interest Rate for Zero Balance Savings Account
Special Feature. Kotak Mahindra Bank has introduced three kinds of zero balance accounts out of which Kotak 811 Full KYC account is the most useful as it provides a cheque book and a debit card (if required by paying INR 199) and a free digital debit card. Facility of NEFT, IMPS, RTGS available without any charge.15-Nov-2022
What is the minimum balance in HDFC zero-balance account?
No Minimum Balance Consequently, there is no penalty in the case of zero balance. This is the main allure for customers when opening this type of account.
With a zero-balance savings account, most of the banks offer a free ATM-cum-debit card, passbook and cheque book. Also, facilities like internet and mobile banking are offered by several banks.
What are the 3 types of savings accounts?
While there are several different types of savings accounts, the three most common are the deposit account, the money market account, and the certificate of deposit. Each one starts with the same basic premise: give your money to the bank and in return the money will earn interest.08-Mar-2019
There are different types of savings accounts to choose from, and they're not all alike. The options include traditional savings accounts, high-yield savings accounts, money market accounts, certificates of deposit, cash management accounts and specialty savings accounts.22-Sept-2022
Is PAN card mandatory for Bsbda account?
New Account in a Bank or Post Office – It is mandatory for every individual to provide a self-attested copy of their PAN cards to open an account in a bank or post office. However, this rule is not applicable to Basic Savings Bank Deposit Accounts (BSBDA), which includes zero balance savings accounts such as Jan Dhan.01-Sept-2020
Restrictions and special conditions 2.2 Aggregate of all withdrawals and transfers in a month should not exceed Rs. 10,000/-. 2.3 Balance in this Account at any point should not exceed Rs. 50,000/-.
Can a Bsbda account holder avail ATM facility?
In BSBDA, banks are required to provide free of charge minimum four withdrawals, including through ATM and other mode.
Rs.50,000/-
Is cheque book allowed in BSBD account?
No Cheque Book facility available. Withdrawals only using withdrawal form at Branches or through ATMs. Basic Rupay ATM-cum-debit card will be issued.09-Feb-2022
In a regular savings account, banks levy a penalty for not maintaining the minimum account balance, but in a zero balance account, there is no penalty as you are not required to maintain a minimum balance.17-Oct-2022
What is minimum balance in Bob?
No Minimum Balance requirement in the account. Customer get access to net banking facility for paying utility bills, online shopping and making other online transactions. Customers can deposit unlimited cash in their home branch and up-to ₹25,000 in outstation branches free of charge.
What is HDFC Bsbda account?