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BSBDA: Basic Savings Bank Deposit Account Important Points

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posted on OCTOBER 24, 2013 by ADMIN

BSBDA: Basic Savings Bank Deposit

Account Important Points

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Basic Savings Bank Deposit Account (BSBDA). What is BSBDA? What is the definition

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of Basic Savings Bank Deposit Account (BSBDA)?

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SBI PO 2014 Recruitment

The Basic Savings Bank Deposit Account allows you to

bank with a zero minimum balance requirement. All the

SBI PO 2014 Recruitment Notification

existing No-frills accounts opened by the banks are now

SBI PO 2014 Exam Study Plan

converted into BSBDA in compliance with the guidelines

SBI PO Previous Year Question Paper

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issued on August 22, 2012 by the Reserve Bank of India

Dates of SBI PO 2014 Exam

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(RBI).

SBI PO 2013 Question Paper Download

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Under the Basic Savings Bank Deposit Account

(BSBDA) scheme of Reserve Bank of India:
India:

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Monthly Current Affairs

The Basic Savings Bank Deposit Account should be considered as a normal banking

Current Affairs for Upcoming Exams

Current Affairs - June 2014

service available to all customers (Any

(Any individual,
individual, including poor or those from weaker

Current Affairs - May 2014

section of the society), through branches.

BSBDA guidelines are applicable to all scheduled commercial banks in India,

Current Affairs - April 2014

Current Affairs - March 2014

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including foreign banks having branches in India.

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The services available in the account will include deposit and withdrawal of cash at

Current Affairs - February 2014

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bank branch as well as Free ATMs-cum-Debit Card;

Card ; receipt/credit of money

Current Affairs - January 2014

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through electronic payment channels or by means of deposit/collection of

cheques drawn by Central/State Government agencies and departments.
There will be no limit on the number of deposits that can be made in a month,

Current Affairs - December 2013

Current Affairs - November 2013

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account holders will be allowed a maximum of four withdrawals in a month, including

Current Affairs - October 2013

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ATM withdrawals.
withdrawals.

Current Affairs - September 2013

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No charge will be levied for non-operation/activation

non-operation/activation of in-operative Basic Savings Bank

Current Affairs - August 2013

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Deposit Account.
Account.
Holders of Basic Savings Bank Deposit Account
Account will not be eligible for opening any

Current Affairs - July 2013

Current Affairs - June 2013

Computer Quiz 30

other savings bank deposit account in that bank. If a customer has any other existing

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savings bank deposit account in that bank, he/she will be required to close it within 30

Current Affairs - May 2013

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days from the date of opening a Basic Savings Bank Deposit Account.

Current Affairs - April 2013

One can have Term/Fixed Deposit, Recurring Deposit etc.,

etc., accounts in the bank

Current Affairs - March 2013

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where one holds Basic Savings Bank Deposit Account.

Account.
The Basic Savings Bank Deposit Account
Account would be subject to RBI instructions on Know
Your Customer (KYC) / Anti-Money Laundering (AML) for opening of bank accounts

Current Affairs - February 2013

Current Affairs - January 2013

issued from time to time. If such account is opened on the basis of simplified KYC
norms,, the account would additionally be treated as a Small Account.
norms

Bank Interview Tips

Limits in BSBDA (Accounts with introduction/ Small Accounts):

Aggregate of all credits in a financial year does not exceed Rs.1.00 lac

How to face Bank Interview: A Complete Guide

The aggregate of all withdrawals and transfers in a month does not exceed

45 Questions Asked during Bank Interview

Rs.10,000/-

V. H. Ramakrishnans experience of interviewing

Balance at any point of time does not exceed Rs.50,000/-.

banking candidates

The aim of introducing BSBDA is part of the efforts of RBI for furthering financial

Bank Interview Experience of Candidates

inclusion objectives.

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BSBDA: Basic Savings Bank Deposit Account Important Points

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Tagged with Bas i c Savi ngs Bank Depos i t Ac c ount BSBDA Li mi ts i n BSBDA RBI Res er ve Bank of
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11 thoughts on BSBDA:
BSBDA: Basic Savings Bank Deposit Account
Important Points
Points

kirti

October 24, 2013 at 4:39 pm

REALLY V.INFORMATIVE.THNKS

Reply

Rajesh

April 6, 2014 at 10:23 am

really nice information

HUMA

Reply

October 25, 2013 at 2:14 pm

visit INFORMATION CENTER..FOR REGULAR UPDATES

Akriti Sharma
Which information center

Soumya Mondal
Thank you for posting this..Really informative

pramila kumari
its v.important for ibps exams thanks for posting

Rajini
Really super

sriballav hota
keep it updated. many many thnx

sanjeet
wat is bit coin in illustrate form

nathan

http://www.bankingawareness.com/banking-gk/basic-savings-bank-deposit-account/

Reply

October 31, 2013 at 6:55 am

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December 4, 2013 at 7:37 am

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December 6, 2013 at 10:33 am

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December 10, 2013 at 8:42 am

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January 22, 2014 at 11:10 am

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January 27, 2014 at 12:40 am

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March 27, 2014 at 3:54 pm

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nathan

BSBDA: Basic Savings Bank Deposit Account Important Points

March 27, 2014 at 3:54 pm

I want to know maximum cash that can remitted an SB account in a day

Reply

emmjay

July 9, 2014 at 11:21 am

bsbda mai ek saal mai aggregate 50,000rs hona chaeye ki 1lac rs??????
Reply

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