BSBDA is a basic bank account for low-income individuals that has no monthly fees and limited transactions. It can be opened at any public sector bank branch in India for anyone regardless of age or income. The account has restrictions on deposits, balance amounts, and withdrawals, and foreign remittances require normal KYC procedures. The account is initially valid for 12 months and can be extended if identification documents are provided.

1. BSBDA

2. 
 Designed for basic account for people from low
income background.
 No frills Account.
 Only one such account can be opened at bank branch
of India.
 Available to all customers all over the India.
 No restrictions of age and income.

3. Contd..

 Can be opened in foreign bank’s also.

4. Conditions For BSBDA

 Total credits in such accounts should not exceed one
lakh rupees in a year.
 Maximum balance in the account should not exceed
fifty thousand rupees at any time.
 The total of debits by way of cash withdrawals and
transfers will not exceed ten thousand rupees in a
month.
 Foreign remittances cannot be credited to Small
Accounts without completing normal KYC
formalities.

5. Cont.…

 Small accounts are valid for a period of 12 months
initially which may be extended by another 12
months if the person provides proof of having
applied for an Officially Valid Document.
 Small Accounts can only be opened at CBS linked
branches of banks or at such branches where it is
possible to manually monitor the fulfilments of the
conditions.

6. Free Services

 Deposit and withdrew of cash.
 ATM-cum debit card
 Passbook
 Chequebook(on request)

7. Other Aspects

 Normal saving bank account can be converted into
BSBDA at the request of customer.
 No requirement for any initial deposit.
 Only 4 free cash withdraws from ATM of
same bank.
 No limit on Balance enquiry.
 No annual fee of Debit Card.

8. 