Zero Balance Saving Account
Basic Savings Bank Deposit Account – BSBDA
Eligibility and Features:
The account is available for only Indian Residents above the age of 18 years. The account is not available to individuals in the capacity of HUF Karta’s. NRIs are not eligible for this account.
Customer should not be holding any other Savings Account with ICICI Bank.
Customer should not be holding a Basic Savings Bank Deposit Account (BSBDA) with any other bank.
You do not have to keep any minimum Monthly Average Balance (MAB) with our Basic Savings Bank Account – it’s a zero balance Savings Account!
- MAB requirement: Nil
- Initial funding: Nil
- Mode of holding: Single or Joint
- Free Rupay Card facility
- Free cash deposit
- Free passbook facility
- Internet Banking and Mobile Banking available on request.
For documentation, please visit the tab – Documents Required
Basic Savings Account opened under Pradhan Mantri Jan Dhan Yojana (PMJDY)
Pradhan Mantri Jan Dhan Yojana (PMJDY) is a plan for ‘National Mission for Financial Inclusion’ launched by The Department of Financial Services (DFS), Ministry of Finance, Government of India. This plan will ensure access to financial services and timely and adequate credit to the excluded sections i.e. the low income groups. The initiative was launched on August 15, 2014. Basic Savings Bank Accounts are opened under PMJDY.
Accounts opened under PMJDY will have the following features:
- Free Passbook**
- Free Personalised Rupay Debit Card**
- Free cheque leaves**
