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BSBDA
Basic Savings Bank Deposit Account: What are KYC norms for BSBDAs accounts?Customers must agree in writing to the cancellation of their existing non-BSBDA Savings Bank accounts prior to creating a "Basic Savings Ba...10 Jun, 2023, 04.28 PM IST- 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...21 Nov, 2021, 03.03 PM IST
- 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 "...29 Jun, 2021, 01.41 PM IST
- Now zero balance post office savings account can only be opened by these peopleThe basic savings account opened by the specified people will be a zero balance account, however, the number of accounts that can be opened...15 Apr, 2021, 09.52 AM IST
- 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...12 Apr, 2021, 09.55 AM IST
- Reserve Bank of India relaxes norms for no-frills accountsThe apex bank eased regulations for Basic Savings Bank Deposit (BSBD) Accounts, popularly known as 'no-frills' accounts.10 Jun, 2019, 07.42 PM IST
- Bank depositors oppose repo as benchmark for savings accountsBanks have opened over 35 crore basic bank accounts under the Jan Dhan Yojana scheme. These accounts have zero balance requirements and ban...29 Mar, 2019, 10.31 AM IST
- Looking to open basic savings bank deposit account: Here are the watch outsAll banks are mandated by the Reserve Bank of India (RBI) to offer Basic Savings Bank Deposit Accounts to those looking to open a bank acco...28 May, 2018, 03.29 PM IST
- No-frills account holders pay heavy penalty for exceeding withdrawal limit: ReportThe Pradhan Mantri Jan Dhan Yojana (PMJDY) was launched in August 2014 with an eye to boost the financial inclusion programme across the co...27 May, 2018, 11.18 PM IST
- Here's how to calculate minimum balance requirement in a savings accountAs the minimum balance requirement has to be met to avoid penalties, one should know how it is calculated to ensure that this requirement i...25 Apr, 2018, 01.26 PM IST
- 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...29 Sep, 2017, 12.31 PM IST
- 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...04 Jul, 2017, 08.29 AM IST
- Banks asked to get all account holders’ PAN or Form-60 if PAN is not availablePersons who are having bank accounts but have not submitted PAN or Form No 60 are advised to submit the PAN or Form No 60 to the bank by Fe...09 Jan, 2017, 12.45 AM IST
- Keep an eye on staffers, Finance Ministry tells banks’ vigilance officersOn Nov 25, the govt revoked the cash exchange facility under which the demonetised Rs 500 and Rs 1,000 notes can be exchanged for new curre...24 Dec, 2016, 02.00 PM IST
- 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...22 Oct, 2015, 01.28 PM IST
- Only 3 free withdrawals from other ATMs, 5 from ownRBI said it has taken into account the associated costs of infrastructure to banks and the economy more generally before coming up with the...15 Aug, 2014, 06.48 AM IST
- 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...11 Sep, 2013, 09.08 PM IST
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