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What Are The Features Of A Bsbda? |
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Answer» Basic Savings Bank Deposit Account is opened on the basis of simplified KYC norms. BANKS would not charge fee for deposit of MONEY any number of TIMES. In addition, banks would not charge for 4 withdrawals during a month. The customer would be PROVIDED with a Passbook and an ATM card without any fee. The account can be USED for day to day needs like deposit, withdrawal, remittances, direct credit of social benefits, etc. Basic Savings Bank Deposit Account is opened on the basis of simplified KYC norms. Banks would not charge fee for deposit of money any number of times. In addition, banks would not charge for 4 withdrawals during a month. The customer would be provided with a Passbook and an ATM card without any fee. The account can be used for day to day needs like deposit, withdrawal, remittances, direct credit of social benefits, etc. |
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