Dhanam Basic Savings Account
Dhanlaxmi Bank offers the Dhanam Basic Savings Account to individuals who wish to avail a basic savings deposit scheme with withdrawal facility. There is no minimum balance that needs to be maintained in this account, i.e., zero-balance can be maintained in the same.
Bank | Dhanlaxmi Bank |
Category | |
Initial Deposit Requirements | Nil |
Average Minimum Balance | Rs. 0 |
Eligibility | Any individual, jointly or singly. This account can be opened for a minor as well. However, this savings account scheme is not available for NRIs. |
Debit card is issued free of charge |
Services Offered with Dhanam Basic Savings Account
The following services are offered to Dhanam Savings Account holders:
Passbook | Passbook is issued free of cost |
NEFT/RTGS | NEFT through Branch - Rs. 2.50 for transactions up to Rs. 10,000, Rs. 5 for transactions above Rs. 10,000 - Rs. 1,00,000, Rs. 15 for transactions above Rs. 1,00,000 to Rs. 2,00,000 and Rs. 25 for transactions worth more than Rs. 2,00,000. NEFT through internet banking - regular charges as stipulated by the bank from time to time. RTGS through Branch - Rs. 20 for transactions above Rs. 2,00,000 to Rs. 5,00,000 and Rs. 45 for transactions worth Rs. 5,00,000 or more. RTGS through internet banking - regular charges as stipulated by the bank from time to time. |
Cheque Book | Cheque book facility is not available. |
Cash Withdrawal | Free withdrawal at Dhanlaxmi Bank ATMs, a cash withdrawal limit of Rs. 50,000 per day is applicable on other ATM withdrawals. An additional charge of Rs. 1 per Rs. 1000 is collected for withdrawals beyond this threshold. |
Cash Remittance | Unlimited |
Internet Banking | Free of charge. |
Features of Dhanam Basic Savings Bank Deposit
Some of the important features of Dhanam Basic Savings Account are listed below:
Joint Account | Under this scheme, two or more individuals can open a joint account. |
Remittance Facility | Internet Banking, NEFT and RTGS facility is available. |
Outstation cheque | Outstation cheques are credited at the earliest. A fee of Rs. 140 is levied on outstation Cheque deposit and return. |
Account Closure | No charges applicable. |
Fees and Charges for Dhanlaxmi Bank Dhanam Basic Savings Account
For the Dhanam Basic Savings Account, the important fees and charges applicable are listed below:
Service / Product | Fees & Charges |
NEFT/RTGS inward | No charges levied |
Penalty on non-maintenance of minimum balance | Rs. 0 |
Outstation Cheque collection charges | Rs. 20 for Outstation Cheque worth up to Rs. 50,000, Rs. 90 for Outstation Cheque worth more than Rs. 50,000 to Rs. 1,00,000 and Rs. 140 for Cheque worth Rs. 1,00,000 and above. |
Demand Draft cancellation charges | Rs. 45 per Demand Draft |
Debit card replacement | Rs. 100 is charged for reissue of a debit card. |
Demand Draft cancellation and reissue of duplicate | Rs. 90 per Demand Draft |
Return of issued Cheque | Rs. 225 for each Cheque (charges will not be levied for return of Cheque due to technical failure). |
ECS return charges | Rs. 90 |
Debit Card Limit | Total limit is Rs. 50,000 per day; Rs. 20,000 limit for debit card withdrawals and Rs. 30,000 limit on Point of Sales transactions. |
GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.
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