Basic Savings Bank Deposit Account

What's in store for you

Basic banking services for all

Locate Branch
Basic Savings Bank Deposit Account

More benefits than ever before

Deposit Benefits

  • Free cash deposits at branches and ATMs and free passbook facility for individual account holders.

Savings Benefits

  • Access to Safe Deposit Locker and Super Saver Facilities.

Banking Benefits

  • Easy banking with access to NetBanking, PhoneBanking and Mobile Banking.

Basic Savings Bank Deposit Account

Key Benefits

Know More About Basic Savings Bank Deposit Account

Fees & Charges

  • Account Opening Charges: Nil

  • Check Depositing Charges: Nil for cheque deposited into your account in a city other than the city, in which your account is located

  • Charges for Payable at Par Cheques: Nil for cheques issued in a city outside your account charges.

  • Issue Of Duplicate / Adhoc Online Statement: No charge for last 5 years statement through NetBanking or e-Statement on registered E-mail ID | 

  • Issue Of Duplicate/Adhoc Offline Statement (Physical Copy): ₹100 for Regular Account holders, ₹50 for Senior Citizen Account holders

To access a comprehensive overview of savings account fees and charges, please refer to the consolidated document available by clicking here.

Fees & Charges

Converting to a BSBD Account

  • As per RBI guidelines, if you are a regular Savings Account holder, you can convert your account into a no-frills BSBD Account. Note that if you hold a BSBD Account, you cannot have any other Savings Account or Current Account with the same bank or any other bank.
Converting to a BSBD Account

Offers & Deals

  • CashBack and discounts with Debit Card: 5% CashBack on shopping via PayZapp and SmartBuy.
  • SmartBuy Offer: Click here
  • PayZapp offer: Click here 
  • UPI offers: Click here 
  • NetBanking offers: Click here 
  • BillPay offers: Click here
Offers & Deals

Most Important Terms and Conditions

  • *The Most Important Terms and Conditions for each of our banking offerings features all the specific terms and conditions that govern their use. You must go through it thoroughly to fully understand the terms and conditions applicable to any banking product you choose.
Key Image

Wondering if you are eligible?

You are eligible for a Basic Savings Bank Deposit Account If you are:

  • Resident Individuals (sole or joint account)
  • Hindu Undivided Families
  • Customer should not be having existing BSBD Account with any other Bank.
  • Customer should not be holding any other Savings account with HDFC Bank.
  • Minor above the age of 10 years are eligible to open self-operated minor account and an ATM/Debit card can be issued to the Minor.
Untitled design - 1
Know More

Documents required to get you started

OVD (any 1)

  • Passport
  • Aadhaar card**
  • Voter ID
  • Driving Licence
  • Job card
  • Letter issued by the National Population Register

**Proof of possession of Aadhaar (any 1):

  • Aadhaar letter issued by UIDAI
  • E-Aadhaar only downloaded from UIDAI website
  • Aadhaar Secure QR Code
  • Aadhaar Paperless Offline e-KYC
  • Click here to know complete documentation details

Ways to open a Bank Account

Frequently Asked Questions

A Basic Savings Bank Deposit Account facilitates basic banking services for all. By opening a BSBD Account, you can access banking facilities such as free cash deposits, free RuPay Debit Card, access to NetBanking, Mobile Banking and PhoneBanking, cheque facility, etc. You can send money to different bank accounts via NetBanking and PhoneBanking. You can also access Safe Deposit Lockers and Super Saver facilities (Overdraft Against FD).

As per RBI guidelines, Regular Savings Account holders can convert their account into a no-frills BSBD Account. Note that if you hold a BSBD Account, you cannot hold any other Savings Account or Current Account with the bank. Additionally, you cannot have a BSBD Account with any other bank.

  • ID and Address Proof: Letter issued by a gazette officer, with a duly attested photograph of the applicant*

  • BSBDA Declaration signed

  • Job card issued by NREGA, duly signed by an officer of the State Government

  • Identity cards issued by the Central/State Government, Public Sector Undertaking, any Scheduled Commercial Bank or any Public Financial Institution for their employees

To open a BSBD Account under PMJDY, visit your nearest HDFC Bank branch and submit the application form and required documents.

BSBD Account holders can get access to all the customer support options offered by the bank to their regular Savings Accountholders. For instance, with HDFC Bank’s BSBD Account, accountholders can access PhoneBanking services to get their queries addressed.

You can get in touch with HDFC Bank to find out the interest rates applicable to BSBD Accounts. You can access uniform interest rates offered by the bank.

Please visit your nearest HDFC Bank branch to find out the minimum deposit requirements to open a BSBD Account.

Yes, you can. You can open a Fixed Deposit or Recurring Deposit in the bank where you hold a BSBD Account.

No, you cannot. As a BSBD Accountholder, you are not eligible to open another Savings Account or Current Account with the bank. If you have another account, you are required to close it within 30 days from the opening of the BSBD Account.