IDBI Sabka Basic Savings Account (Complete KYC)
What is IDBI Sabka Basic Savings Account?
IDBI’s Sabka Basic Savings Account (Complete KYC) is a zero-balance savings account designed for financial inclusion, offering free debit card, internet banking, and no charges on cash deposits or NEFT transactions.
Table of Contents
Overview of IDBI Bank Sabka Basic Savings Account (Complete KYC)
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 |
Services Offered With 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. NEFT transaction 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 Sabka Basic Savings Account (Complete KYC)
These are only some of the fees and charges applicable on the IDBI Bank 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.
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