If you’re considering opening a new savings account, SBI’s Basic Savings Bank Deposit Account (BSBDA) could be a great choice.
It offers several unique features that provide more benefits than a standard savings account. Let’s explore some of the special benefits:
No Minimum Balance Requirement
Unlike regular savings accounts that require you to maintain a minimum balance to avoid penalties, the BSBDA has no such requirement.
You can keep a zero balance without worrying about additional charges, even if your account balance falls.
Free Services – Debit Card and Online Banking
SBI’s BSBDA provides several services at no extra cost. You get a debit card, mobile banking, and internet banking without any charges.
Additionally, transferring money through NEFT or RTGS is free, so you won’t face extra fees for these transactions.
Cash Withdrawal Facility
With this account, you can withdraw cash up to four times each month without any charge. This applies to withdrawals from both SBI and other bank ATMs.
Additionally, cash transactions at branches and through APES are also free, which are often chargeable in regular savings accounts.
Easy Activation
If your SBI BSBDA account becomes inactive, you can reactivate it without paying any fees.
Similarly, if you decide to close your zero balance account, there are no additional charges.
SBI’s BSBDA account is an excellent choice for those who find it difficult to maintain a minimum balance.
With its wide range of free services and no hidden charges, it offers a hassle-free banking experience.
This account could be ideal if you’re looking for an easy and cost-effective way to manage your finances.
