Basic Savings Bank Deposit Account

Basic Savings Bank Deposit Account or BSBDA in India is a savings account that does not have a minimum balance.

[1] The maximum amount in the account cannot exceed 50000 INR at any time,[2][3] and the total deposits cannot exceed 100000[4] INR in a year.

The account holders receive a debit card and they can have certain number of deposits and withdrawals per month.

The Reserve Bank of India has introduced this for the poorer sections of the society.

[5]