Key Benefits
Know More About Small Savings Account
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Fees and Charges
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Application Process
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Deals & Offers
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Most Important Terms and Conditions
Wondering If You Are Eligible?
Documents required to get you started
Officially Valid Documents (OVDs) for establishing Proof of Identity And Mailing Address
Ways to open a Bank Account
Grow your savings today with flexible, safe and easy banking.
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.
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 know 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.