IDBI Sabka Basic Savings Account
Sabka Basic Savings Account (Complete KYC) by IDBI is a SB product that requires a minimum balance of zero so that Financial Inclusion is a priority.
Bank | IDBI Bank |
Category | Sabka Basic Savings Account (Complete KYC) |
Minimum Balance Requirements (MAB) | Zero Balance requirement. |
Account Opening Amount | Zero |
Debit Card Offered | Free Debit cum ATM card |
IDBI Bank Savings Account Interest Rates 2025
Given below are the IDBI Bank Savings Account interest rates for 2025, categorized by different account balance slabs:
Saving Balance | Rate of Interest (p.a.) |
Up-to Rs.1 Lakh | 2.60% |
Above Rs.1Lakh-Rs.5 Lakh | 2.65% |
Above Rs.5lakh to Rs.5 crore | 2.70% |
Above Rs. 5 Crore to 100 Crore | 3.10% |
Above Rs.100 Crore to Rs.1,000 Crore | 3.10% |
Above Rs.1,000 Crore to Rs.1,500 Crore | MIBOR +10bps |
Above Rs.1,500 Crore to Rs.2,000 Crore | MIBOR +40bps |
Above Rs.2,000 Crore to Rs.5,000 Crore | MIBOR +75bps |
Above Rs.5,000 Crore | MIBOR +65bps |
Note: The above rates are effective from 18 June 2025.
Services Offered With IDBI Sabka Basic Savings Account (Complete KYC)
SMS and email Alerts | Customer will receive SMS and email notification for all transactions in the account |
Internet Banking | Yes |
Cheque book | Upon request you can avail cheque books which will help you carry out certain banking transactions. |
Cash Deposit | You will not be charged for cash deposit at any of the branches. |
Duplicate statement | § Duplicate statement may be sent through Phone banking & ATM, free of cost |
Features of IDBI Bank Sabka Basic Savings Account (Complete KYC)
Easy Account Management | No need to visit the bank in person for every transaction. There are multiple ways to manage your account otherwise; including SMS Banking, Phone Banking and Internet Banking. |
Monthly account statements | Consolidated monthly account statements will be sent to you via E-mail |
Electronic Fund Transfer | Online NEFT transaction will not be charged. These are free from branches up to Rs. 10,000. |
Cash deposit | Branch (Home & Non-Home Branch) Cash deposit at any branch will not be charged. |
Fees and Charges for IDBI Bank Sabka Basic Savings Account (Complete KYC)
These are only some of the fees and charges applicable on the IDBI Bank Sabka Basic Savings Account (Complete KYC):
Annual Fee | Free |
Additional add-on card for the account | Free |
Replacing a stolen/ lost card | Free |
IDBI Bank ATM Financial Transaction/ Non Financial | Free |
Re - generation of Pin/ Copy retrieval | Free |
Passbook | Passbook can be availed for free. |
Duplicate Passbook | Free |
Standing instructions for certificates | Free |
Demand Drafts (Branch/Non Branch Location)/ Payorder | 5 Transactions Free per month (Both inclusive) Maximum limit is Rs 10,000/- |
Any Branch Cash withdrawal | Free (up to Rs 10,000/- per day only) |
Cheque deposited and returned (Local cheque) | Rs. 60 |
Cheque deposited and returned (Outstation cheque) | Rs.115 |
Cheque deposited and returned due to Technical reasons (Local or Outstation) | Free |
GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.
FAQs on IDBI Sabka Basic Savings Account
- What is the IDBI Sabka Basic Savings Account?
It is a zero-balance savings account that is offered by IDBI Bank to provide access to banking services for all individuals.
- Is there a minimum balance required for IDBI Sabka Basic Savings Account?
No, there is no minimum balance required as this is a zero-balance account.
- Can I open an IDBI Savings Account online?
Yes, you can open an IDBI Savings Account online by visiting the official website of IDBI Bank and completing the video KYC.
- What is the daily ATM cash withdrawal limit for the IDBI Sabka Basic Savings Account?
The daily ATM cash withdrawal limit for IDBI Sabka Basic Savings Account is Rs.10,000.
- Can I manage my IDBI Sabka Basic Savings Account online?
Yes, you can access your account anytime through Internet Banking, SMS Banking, and Phone Banking.
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