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If you are planning to open a savings account, then definitely know about this savings account of SBI, you will get many benefits

ECONOMIC TIMES | January 29, 2025 11:15 AM CST

If you want to open your savings account, then today we will tell you about one such savings account of SBI, in which you will get much more benefits than a normal savings account. We are talking about SBI's Basic Savings Bank Deposit Account (BSBDA).

Most people have a savings account. In such a situation, if you also want to open your savings account, then today we will tell you about such a savings account of SBI, in which you will get much more benefits than a normal savings account. We are talking about SBI's Basic Savings Bank Deposit Account (BSBDA). This savings account of SBI is very special. Let's know how.

No minimum balance limit

There is a minimum balance limit on a savings account. If the money in your account is less than this limit, then you have to pay a penalty but there is no minimum balance limit in SBI's BSBDA account, that is, even if your balance becomes zero, there will be no problem.

These facilities will be available for free

Customers also get many free facilities in this account. This includes debit card, mobile and internet banking facilities. Not only this, there is no charge on cash transactions through electronic channels like NEFT/RTGS. However, check book facility is not provided in this account, for which charges have to be paid to the bank. In this savings account, 4 cash withdrawals are free in a month, this includes cash withdrawal from ATMs of SBI and other banks, cash withdrawal at branch channel and APES cash transactions.

Zero charge on account activation

There is no charge for activating an inactive SBI BSBDA savings account. Apart from this, there is no charge for closing a zero balance account.