Government Scheme Beneficiary Savings Account

The Government Scheme Beneficiary Savings Account offers several key benefits. It features a zero-balance account with higher cash transaction limits of up to ₹10 Lakh per month. You can also enjoy exclusive rewards, such as cashback on utility payments, complimentary domestic and international lounge access, and special discounts through partner platforms.

To open a Government Scheme Beneficiary Savings Account, you will need to submit the following documents:

• Valid photo ID proof (Aadhaar Card, Passport, Voter ID, etc.)

• Address proof (Utility Bill, Aadhaar, Passport, etc.)

• Recent passport-sized photographs

• Additional documents as per the specific government scheme requirements.

Refer to the "Documents to get you started" section above for more details.

Resident individuals, either as sole or joint account holders, are eligible to open a Government Scheme Beneficiary Savings Account. Additionally, minors above the age of 10 years can open a self-operated minor account, and an ATM/Debit Card can be issued to them.

The eligibility for opening a Government Scheme Beneficiary Savings Account includes resident individuals (either as sole or Joint Account holders) and minors above the age of 10 years. A minor can open a self-operated account and will be eligible for an ATM/Debit card.

The minimum age requirement to open a Government Scheme Beneficiary Savings Account is 10 years for a self-operated minor account. Minors can also be issued an ATM/Debit Card once the account is opened.

There are no charges for a Government Scheme Beneficiary Savings Account. The account has zero-balance requirements. For more information, click here.

The tax status of the Government Scheme Beneficiary Savings Account will depend on the specific government scheme associated with it. 

The Government Scheme Beneficiary Savings Account does not have any monthly fees. It is a zero-balance account with no maintenance charges. For more information on fees and charges, click here.