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 typeBasic Savings Bank Deposit AccountView source
publishes this as a basic savings account intended to encourage saving without a burden of charges or fees.
- Source
- Basic Savings Bank Deposit Account
- Page / section
- Product introduction and Features
- Accessed
- 12 Aug 2026
- Confidence
- high
Minimum balanceNilView source
The Features tab publishes a nil minimum balance.
- Source
- Basic Savings Bank Deposit Account
- Page / section
- Features
- Accessed
- 12 Aug 2026
- Confidence
- high
Maximum balanceNo upper limitView source
The Features tab states that there is no upper balance or amount limit.
- Source
- Basic Savings Bank Deposit Account
- Page / section
- Features
- Accessed
- 12 Aug 2026
- Confidence
- high
Interest rate2.50% p.a. across all savings-bank account balances, effective 15 June 2025Effective 15 Jun 2025View source
official table has one row: ‘Across all account Balances — 2.50% p.a.’ and states that it applies from 15 June 2025.
- Source
- Savings Bank Deposits — Interest Rates
- Page / section
- Savings Bank Deposits table — Applicable Interest Rates w.e.f. 15 June 2025
- Accessed
- 29 Aug 2026
- Confidence
- high
Cheque-book facilityNot availableView source
The page expressly states that this account has no cheque-book facility; the separate branch-channel product has different terms.
- Source
- Basic Savings Bank Deposit Account
- Page / section
- Features
- Accessed
- 12 Aug 2026
- Confidence
- high
Withdrawal channelsWithdrawal form at SBI branches or ATM onlyView source
The Features tab limits withdrawals to branch withdrawal forms or .
- Source
- Basic Savings Bank Deposit Account
- Page / section
- Features
- Accessed
- 12 Aug 2026
- Confidence
- high
Debit cardBasic RuPay ATM-cum-debit card issued free; no annual maintenance charge.View source
The page says a Basic RuPay -cum-debit card will be issued and that it is issued free of cost with no annual maintenance charge.
- Source
- Basic Savings Bank Deposit Account
- Page / section
- Features and Most Important Terms & Conditions — Service Charges
- Accessed
- 29 Aug 2026
- Confidence
- high
Eligibility and operating modesAny individual with valid KYC documents; single, joint and listed survivor modes are permittedView source
The page permits -compliant individuals and lists single, joint and survivor operating modes.
- Source
- Basic Savings Bank Deposit Account
- Page / section
- Eligibility and requirement
- Accessed
- 12 Aug 2026
- Confidence
- high
Other savings-account restrictionCustomer cannot keep another savings bank account; an existing savings account must be closed within 30 days after opening this BSBDAView source
states that a BSBDA customer cannot have another savings bank account and gives 30 days to close one already held.
- Source
- Basic Savings Bank Deposit Account
- Page / section
- Terms And Conditions
- Accessed
- 12 Aug 2026
- Confidence
- high
Free cash withdrawalsMaximum four free cash withdrawals per month, including own- and other-bank ATM withdrawals, branch cash withdrawals and AEPS cash transactionsView source
The page describes the allowance as a maximum of four cash withdrawals free each month and lists the included channels; it does not publish the charge after that allowance.
- Source
- Basic Savings Bank Deposit Account
- Page / section
- Terms And Conditions
- Accessed
- 12 Aug 2026
- Confidence
- high
Other no-charge servicesElectronic receipts through NEFT or RTGS, government-cheque deposit or collection, activation of an inoperative account and account closure are freeView source
The page lists these electronic-credit and account-service items as free or without charge.
- Source
- Basic Savings Bank Deposit Account
- Page / section
- Terms And Conditions — Service Charges
- Accessed
- 12 Aug 2026
- Confidence
- high
Salary requirementNot applicable: SBI describes this record as a savings, MACT or resident-foreign-currency account rather than a salary-package account; no salary-credit threshold applies to the product type.View source
personal catalogue identifies these products by savings/deposit or resident-FC account type, not as salary packages; salary-package variants are listed separately in the catalogue.
- Source
- personal savings and deposit account catalogue
- Page / section
- Savings Accounts, account and Resident Foreign Currency (Domestic) Account
- Accessed
- 29 Aug 2026
- Confidence
- high
ATM limitsMaximum four cash withdrawals are free each month, including own/other-bank ATM, branch cash withdrawal and AEPS transactions.View source
publishes a maximum of four cash withdrawals free of cost in a month, including , branch and cash transactions.
- Source
- Basic Savings Bank Deposit Account
- Page / section
- Most Important Terms & Conditions
- Accessed
- 29 Aug 2026
- Confidence
- high
Non-maintenance chargeNo annual maintenance charge is applied to the free Basic RuPay ATM-cum-Debit card; the account page also publishes no charges for activation of inoperative accounts or account closure.Effective 1 Dec 2025View source
The current page says the Basic RuPay card is free and has no annual maintenance charge, and lists no charge for inoperative-account activation or account closure.
- Source
- Basic Savings Bank Deposit Account
- Page / section
- Service Charges
- Accessed
- 29 Aug 2026
- Confidence
- high
Branch-channel cash withdrawal chargeFour cash withdrawals per month are free; each cash withdrawal above four costs ₹15 + GST per transaction from 1 October 2026. Branch, ATM, micro-ATM, AEPS and CASH@POS withdrawals count. Digital UPI, IMPS, NEFT, RTGS and POS transfers remain free.Effective 1 Oct 2026View source
The notice gives four free monthly cash withdrawals and ₹15 plus for each excess withdrawal; digital transfers remain free.
- Source
- Charges for Basic Savings Bank Deposit Account (Branch Channel)
- Page / section
- Page 1 — cash withdrawal
- Accessed
- 1 Sept 2026
- Confidence
- high
IMPS charges from 15 February 2026Online IMPS is free up to ₹25,000; above ₹25,000 to ₹1,00,000 costs ₹2 + GST, above ₹1,00,000 to ₹2,00,000 costs ₹6 + GST and above ₹2,00,000 to ₹5,00,000 costs ₹10 + GST. Branch-channel charges are free up to ₹1,000, then ₹2 + GST (₹1,000–₹10,000), ₹4 + GST (₹10,000–₹25,000), ₹4 + GST (₹25,000–₹1,00,000), ₹12 + GST (₹1,00,000–₹2,00,000) and ₹20 + GST (₹2,00,000–₹5,00,000).Effective 15 Feb 2026View source
The table publishes separate online and branch slabs; the online charge begins only above ₹25,000 and is stated for the non-free slabs.
- Source
- Revised Transaction Charges On Or After 15.02.2026 (Retail Customer)
- Page / section
- Annexure II — retail slab table
- Accessed
- 1 Sept 2026
- Confidence
- high
Benefits and features
- Nil minimum balance and no upper balance limit
- Free Basic RuPay card with no annual maintenance charge
- Specified electronic receipts and account services are free
Eligibility
- An individual must provide valid documents.
- Single, joint and the listed survivor operating modes are available.
- A holder cannot retain another savings bank account and must close an existing one within 30 days after opening this BSBDA.
- This product has no cheque book and publishes narrower withdrawal channels than separately named branch-channel BSBDA.
Passing a listed condition does not mean the bank will approve an application.
Documents the bank lists
- Valid documents
Related official documents
Revision in ATM/ADWM Transaction Service Chargesofficial-service-charge-notice · current · accessed 25 Sept 2026
↗SBI Basic Savings and Smart Current Account product pagesofficial-product-pages · current · accessed 29 Aug 2026
↗Charges for Basic Savings Bank Deposit Account (Branch Channel)official-service-charge-notice · current · accessed 1 Sept 2026
↗SBI Basic Savings Bank Deposit Accountofficial-product-page · current · accessed 29 Aug 2026
↗Revised IMPS Transaction Charges On Or After 15.02.2026 (Retail Customer)official-service-charge-document · current · accessed 1 Sept 2026
↗SBI personal savings and deposit account catalogueofficial-product-catalogue · current · accessed 29 Aug 2026
↗Savings Bank Deposits interest ratesofficial-rate-table · current · accessed 11 Aug 2026
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