News for 'BSBDA'

Foreign banks can open zero-balance accounts

Rediff.com12 Sep 2013

Withdrawals from basic savings bank deposit accounts are capped at four a month, including withdrawals via ATMs.

SBI to charge for cash withdrawal beyond 4 free transactions per month

Rediff.com29 Jun 2021

The country's largest lender SBI will levy charges for cash withdrawal beyond four free transactions in a month from customers holding the basic savings bank deposit (BSBD) accounts. These customers will also be levied charges for cheque book beyond 10 leaves in a year. As 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 "additional value added services" with effect from July 1, 2021.