Basic Savings Bank Deposit (Small) Account

Eligibility

Any resident Indian national can open a BSBDA (Small) Account, but there are certain restrictions on transactions and balances, since it is opened with minimal documentation.

  1. The total balance in your account should not exceed Rs. 50000 at any point in time.
  2. The total credits in your account should not exceed Rs. 1,00,000 in a financial year.
  3. The total withdrawals and transfers in your account should not exceed Rs. 10000 in a month.
  4. Foreign inward remittances are not allowed.
  5. If the balance in your account exceeds Rs. 50000, no further credit transactions will be permitted till it is brought below Rs. 50000.
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