BSBD Account Means a Lot to Many in Today’s Banking Age! Free Space USA -

Imagine a zero balance account with free cash deposits, free issuance of RuPay Card, no charges on online fund transfers on a bank account, and much more. It’s all possible, folks, with a basic savings bank deposit (BSBD) account. There are many still waiting to avail these services but have not been able to do so. And for them, BSBD account means one heck of a lot.

The account not only allows you to bank with comfort but also gives you the privileges to count on. Let’s have the account on for a full discussion in this article.

The Story Behind Emergence of BSBD Account

The Reserve Bank of India (RBI), with a view to supporting the financial inclusion drive in the country, has taken the initiative of zero balance account with BSBD. In today’s times where financial commitments can be all but long, maintaining a balance in a savings account becomes a headache for most. It’s due to this many have to sweat over the bank account options to finally zero on in one.

However, with BSBD, the course is all set to change as it brings to you a wide range of banking services. As the account is offered by more than one and can be distinct to each other, a comprehensive analysis can be just what you require to make a right choice.

SBI BSBD Account

Arguably the country’s largest bank, SBI invites you to be a part of innovative services offered on its basic savings bank deposit account. Check out BSBD account SBI benefits in the points below.

No requirement to maintain a specific balance
No fee on basic ATM-cum debit card issuance
Free money credit via RTGS or NEFT
Free deposit or collection of cheques drawn by the state or central government
No account closure charges

HDFC Bank BSBD Account

One of the largest private sector banks in India’s banking space, HDFC Bank is helping many open a BSBD account and get benefitted from its services on offer.