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Government Scheme Beneficiary Savings Account

Key Benefits

Know More About BSBDA Savings Account

Fees and Charges

  • The HDFC Bank BSBDA Small Account is a zero-balance account offering several complimentary services, including free cheque book issuance (25 leaves annually), digital statements, passbook issuance, and unlimited deposits.
  • Customers are allowed up to 4 free withdrawals per month, with charges applied for subsequent transactions based on the withdrawal mode. Senior citizens benefit from reduced fees on many services, such as cheque books, statements, and demand drafts.
  • Digital banking services like NetBanking, Mobile Banking, and inward NEFT/RTGS/IMPS transfers are free. Minimal charges are applied for additional services such as duplicate statements, demand draft issuance, and technical cheque return. 
  • Click here to read the detailed fees and charges.
Fees and Charges

Application Process

You can apply for the BSBDA Small Savings Account by following these steps:

  • Find your nearest HDFC Bank branch and visit to initiate the application
  • Fill out the application form and submit the required documents
  • Once your application is approved, you will receive your Basic Savings Bank Deposit Account details
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Deals & Offers

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  • 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
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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.
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Wondering If You Are Eligible?

You are eligible to open a Small Savings Account with HDFC Bank if:

  • You are an Indian resident 
  • You do not hold a Small Savings Account with any other bank
  • You do not have an existing banking relationship with HDFC Bank

 

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Documents required to get you started

Officially Valid Documents (OVDs) for establishing Proof of Identity And Mailing Address

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.

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.