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Savings, current & salary accounts

Indian Bank PMJDY / Basic Savings Bank Deposit Account

Basic savings account for individuals with nil average monthly balance, nil non-maintenance charge, free mandatory and free digital access under the published PMJDY/BSBDA terms.

Minimum balanceNil average monthly minimum balance for both PMJDY/BSBDA and Small Account.Non-maintenance chargeNil for both PMJDY/BSBDA and Small Account.Cheque bookPMJDY/BSBDA: 25 free personalised cheque leaves per calendar year. Small Account: withdrawal slips only with passbook.
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Quick eligibility check

Indian Bank PMJDY / Basic Savings Bank Deposit Account

0 of 3 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Do you meet this requirement: Only individuals who are Indian citizens?

2Do you meet this requirement: a PMJDY/BSBDA holder cannot retain another Indian Bank savings account under the published rule?

3Document checkDo you have at least one of these required documents: Normal savings-account KYC; identity/address proof, PAN/Form 60 or applicable Aadhaar documents?

0 of 3 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 31 Aug 2026 · active
Offered byIndian Bank

India

Key facts

What the official sources publish

Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.

Account typePMJDY/Basic Savings Bank Deposit Account and Small Account for individuals; joint operation is permitted subject to the separate limits published on the page.View source
The official table distinguishes the PMJDY/BSBDA and small-account columns.
Source
PMJDY (BSBDA) and Small Account
Page / section
Target customers
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Minimum balanceNil average monthly minimum balance for both PMJDY/BSBDA and Small Account.View source
The official table states NIL for both account types.
Source
PMJDY (BSBDA) and Small Account
Page / section
Average monthly minimum balance
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Non-maintenance chargeNil for both PMJDY/BSBDA and Small Account.View source
The official table states NIL for both account types.
Source
PMJDY (BSBDA) and Small Account
Page / section
Charges for non-maintenance
Accessed
31 Aug 2026
Confidence
high
Open official source ↗
Cheque bookPMJDY/BSBDA: 25 free personalised cheque leaves per calendar year. Small Account: withdrawal slips only with passbook.View source
The official table publishes the separate cheque/passbook treatment.
Source
PMJDY (BSBDA) and Small Account
Page / section
Cheque book
Accessed
31 Aug 2026
Confidence
high
Open official source ↗

Benefits and features

  • Nil average monthly minimum balance
  • Nil non-maintenance charge
  • 25 free personalised cheque leaves per calendar year
  • Mandatory alerts free
  • Net and mobile banking available free of cost
  • Eligibility for PMJDY/BSBDA facilities subject to scheme rules

Eligibility

  • Only individuals who are Indian citizens; a PMJDY/BSBDA holder cannot retain another Indian Bank savings account under the published rule.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • Normal savings-account ; identity/address proof, /Form 60 or applicable Aadhaar documents

Related official documents

Indian Bank deposit and small-savings rate referencesofficial-rate-sheet · current · accessed 31 Aug 2026
↗
PMJDY (BSBDA) and Small Account — Indian Bankofficial-product-page · current · accessed 31 Aug 2026
↗

Plan before applying

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Account interest estimate

See roughly how much interest a steady account balance could earn over the period you choose.

Interest you may earn₹2,700two thousand seven hundred rupees
Balance including interest₹1,02,700one lakh two thousand seven hundred rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

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Ordinary Current Account · Minimum / balance ₹5,000 metro/urban; ₹2,500 semi-urban/rural

This value is copied from Indian Bank accounts and Government small-savings — published terms. Check the table notes before relying on it.

Source: Current Account; PMJDY; Government Deposit Schemes · Complete published tables Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 10 rows · 6 columnsIndian Bank accounts and Government small-savings — published termsView tableHide table

Scroll sideways to view every column

Indian Bank accounts and Government small-savings — published terms
ProductMinimum / balanceTenureRate / payoutWithdrawal / facilitiesEligibility
Ordinary Current Account ₹5,000 metro/urban; ₹2,500 semi-urban/ruralOpen-endedNo interest published; //RuPay debit card subject to eligibility; digital transactions excluded from account-keeping chargesIndividuals, proprietors, firms, companies, trusts, , societies
PMJDY / BSBDANil balance; nil shortfall chargeOpen-endedSavings schedule applies; free digital banking25 free cheque leaves/year; free mandatory Indian citizens; individual account
Small AccountNil balance; nil shortfall chargeOpen-endedSavings schedule applies; free mandatory Withdrawal slips/passbook; simplified Individuals meeting small-account rules
VIII₹1,000 + ₹100 multiples; no maximum5 yearsGovernment-notified rate; maturity under rulesMultiple accounts; Internet Banking/IndSMARTAdults, guardians and minors aged 10+; no /
₹1,000 + ₹100 multiples; no maximum115 monthsGovernment-notified rate; maturity under rulesMultiple accounts; Internet Banking/IndSMARTAdults, guardians and minors aged 10+; no /
₹500–₹1,50,000/year15 yearsGovernment-notified rate; annual creditNomination up to four; Internet Banking/IndSMARTIndividuals/guardians; no /
₹1,000–₹30,00,000Government scheme tenureGovernment-notified quarterly rate; taxable interestNo loan against deposit; nomination; Internet BankingQualifying senior citizens/retirees; no //
Sukanya Samriddhi₹250–₹1,50,000/yearDeposit 15 years; maturity 21 years8.20% shown for FY2024-25 ; annual compoundingUp to 50% education withdrawal after published milestone; section 80CGuardian for girl child below 10
NSMIS₹1,000 multiples5 years7.4% p.a. Apr–Jun 2026; monthly payout2%/1% premature-closure deduction by period; nominationAdult, joint adults, minor 10+ or guardian; no //
NSTDS₹1,000 multiples1/2/3/5 years6.9%/7.0%/7.1%/7.5% p.a. Apr–Jun 2026; annual payoutFive-year term qualifies for section 80CAdult, joint adults, minor 10+ or guardian; no //
Current Account; PMJDY; Government Deposit Schemes · Complete published tables · accessed 31 Aug 2026Open official source ↗

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