Suryoday Small Finance Bank Basic Savings Bank Deposit Account

Suryoday Small Finance Bank offers five types of savings bank accounts according to varied needs of its customers.

These accounts are Savings Ujjwal, Savings Aditya, Savings Classic, Savings Supreme and Basic Savings Bank Deposit Account. They differ from one another in terms of Average Monthly Balance requirement, Debit Card Variant, Daily ATM withdrawal limit, Daily POS usage limit, etc.

If you have a savings bank account then you need to maintain minimum average balance in your account otherwise bank will deduct some charges. In a Basic Saving bank deposit ( BSBD ) account, you do not have to maintain any minimum balance.

Suryoday Small Finance Bank offers Basic Savings Bank Deposit Account (BSBD) to its customers which is a unique offer of common minimum facilities and is a low cost & no-minimum balance savings account but still providing higher interest rates.

• Higher interest rate
• Monthly pay-out of interest in the account
• Facility of quick liquidity
• RuPay Classic Chip Debit Card is provided
• Personal Accidental Death Insurance or Permanent Total Disablement cover of Rs 1 lakh
• Minimum initial payment amount: Nil
• Average Monthly Balance: Nil
• FD amount in lieu of AMB (Average Monthly Balance): N.A.
• Cash withdrawals limits per month: 4 (including all modes)
• Monthly e-mail statements free of cost
• Half yearly physical statement free of cost
• Nomination Facility is available

RuPay Classic Secure Chip Debit Card with following facilities:

• ATM withdrawal limit and POS limit of Rs. 20,000 per day (Rs. 10,000 per day in case of BSBDA Small)
• 5 free transactions per month on Suryoday SFB ATM
• Unlimited number of transactions on POS
• Personal Accidental Death Insurance or Permanent Total Disablement cover of Rs 1 lakh

Free Personal Accidental Death Insurance or Permanent Total Disablement cover of Rs 1 lakh is provided with the debit card.

Any Resident Individual (Single or Joint Holders) or Hindu Undivided Family can open this account provided he/ she has valid KYC documents can open this account.

Documents required for Suryoday Small Finance Bank Basic Savings Bank Deposit Account: For opening an account under Suryoday Small Finance Bank Basic Savings Bank Deposit Account, the applicant is required to submit following documents:

• One Passport Size Recent Coloured Photograph
• Copy of PAN Card/ Form 60 (with reasons of not having PAN Card)
• KYC (Know Your Customer) Documents : Proof of Identity & Proof of Address
• Proof of Date of Birth (DOB) in case of Minor & Senior Citizen

No Minimum initial payment amount is to be made by the account holder

No Average Monthly Balance is to be maintained by the acount holder

Charge for non-maintenance of minimum balance: NIL

BSBDA Small Account holder would be subject to the following transactional limits:

• The total balance in the BSDBA Small account should not exceed Rs. 50,000 at any point of time
• OR
• The total credits in the BSDBA Small account should not exceed Rs. 1,00,000 in a financial year
• OR
• The total withdrawals and transfers in the BSDBA Small account should not exceed Rs. 10,000 in a calendar month

Higher interest rate of upto 7.25% on your Suryoday Small Finance Bank Basic Savings Bank Deposit Account in the following manner:

• On balance up to Rs. 1 Lakh: 6.25% p.a.
• On balance over Rs. 1 Lakh up to Rs. 10 Lakhs: 7.25% p.a.
• On balance over Rs. 10 Lakhs: 7.00% p.a.