Basic Savings Bank Deposit Account (BSBD)
Basic savings account with KYC-compliant eligibility and a free basic RuPay ATM-cum-debit card.
Key Benefits
Free basic RuPay ATM-cum-debit card; no annual maintenance charge; no account closure charge; government cheque collection free; digital payment transactions such as UPI/IMPS/NEFT/RTGS are not counted as withdrawals.
Eligibility
Individuals with valid KYC documents who do not already hold a BSBD account.
Documents Required
Valid KYC documents.
Fees & Charges
Minimum four free withdrawals per month including transfers and ATM transactions; digital payment transactions excluding ATM are not counted as withdrawals.
How to Apply
Open through SBI branch / applicable SBI channels.
Frequently Asked Questions
Can an individual have another BSBD account?
SBI states that an existing BSBD account holder is not eligible to open another BSBD account in the same bank or another bank.
Is the basic RuPay debit card free?
SBI states that the basic RuPay ATM-cum-debit card is issued free and has no annual maintenance charge.