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BSBDA GUIDELINES
Online banking in BSBDA: RBI extends free digital banking service to basic savings account holders, check detailsThe Reserve Bank of India announced that Basic Savings Bank Deposit Account (BSBDA) holders will now gain access to digital banking service...
ICICI Bank shuns the mass, bets on the richICICI Bank has significantly increased its minimum balance requirements for savings accounts, particularly in metro and urban areas, signal...
Rs 91 lakh penalty on YES Bank for wrongly levying non-maintenance of minimum balance charges: Is your bank charging the same?Minimum balance negative in savings bank account: RBI has imposed a penalty of Rs 91 lakh on YES Bank for not complying with the master dir...
SBI collected Rs 346 crore since FY18 in additional services fee on basic savings, Jan Dhan a/cSBI levied charges worth Rs 152.42 crore in 2019-20 and Rs 72.38 crore in 2020-21 across 36 states and union territories, and refunded Rs 9...
SBI yet to refund Rs 164 cr undue fee charged from Jan Dhan a/c holdersA report by IIT-Mumbai said that during April 2017 to September 2020, SBI had collected over Rs 254 crore towards at least 14 crore UPI/ Ru...
SBI to levy charges for cash withdrawal beyond four free transactions per monthAs per the revision in service charges for BSBD accounts, State Bank of India (SBI) will levy charges ranging from Rs 15 to Rs 75 for the "...
SBI collected Rs 300 crore from zero-balance accounts for certain services in 5 years, reveals studyThe study observed that the SBI's decision to levy a charge of Rs 17.70 for every debit transaction beyond four by the BSBDA account holder...
This savings account doesn't require any minimum balance: Find out if it suits youHowever, this zero-balance account comes with a few riders attached. So, before you go ahead and get yourself an account, consider these ke...
Vague RBI guidelines see banks cap PM's Jan Dhan Yojana accountsTo complicate matters, instead of speaking about withdrawals or ATM withdrawals, the guidelines desc ribe withdrawals as all debit transact...
Think PAN is only for tax purposes? Find outThe 10-digit alphanumeric number has become an important document in our lives. You need to provide PAN details while investing, buying jew...
Deposits in Jan Dhan accounts cross Rs 30,000 croreAs many as 20.38 crore bank accounts were opened under the PMJDY as on the January 20, as per the latest data available.
Services of banking correspondents under Jan Dhan Yojana out of tax loopAs per RBI guidelines, the accounts that can be opened under PMJDY are basic savings bank deposit accounts (BSBDA) which can be of zero bal...
Pradhan Mantri Jan Dhan Yojana exceeds Rs 25,000 croreDeposits in accounts opened under the government's ambitious financial inclusion scheme Pradhan Mantri Jan Dhan Yojana (PMJDY) have exceede...
Poor can also open zero balance account in foreign banks: RBIRBI said its 'Basic Savings Bank Deposit Account guidelines are applicable to "all scheduled commercial banks in India, including foreign b...