Basic Savings Account
Simple banking for everyone
Account Overview
Basic Savings Account is designed for customers who need simple banking services with minimal documentation and no frills. Perfect for first-time account holders and those seeking basic banking facilities.
Key Highlights
No Minimum Balance
Zero minimum balance requirement - perfect for everyone
Minimal Documentation
Simple account opening process with basic documents
Quick Processing
Account opened within 24 hours of document submission
Account Benefits
Zero minimum balance requirement
SMS alerts for transactions
Basic internet banking facility
Passbook facility available
Eligibility Criteria
Who Can Apply
- Individual aged 18 years and above
- Indian residents only
- Students and first-time account holders
- Low-income group individuals
Income Requirements
- Annual income up to ₹2 lakh
- No income proof required
- Self-declaration acceptable
- Students exempt from income criteria
Documents Required
Identity Proof (Any One)
- Aadhaar Card
- PAN Card
- Voter ID Card
- Driving License
Address Proof (Any One)
- Aadhaar Card
- Utility Bills (3 months old)
- Rent Agreement
- Bank Statement
Additional Requirements
- 2 passport size photographs
- Initial deposit ₹100
- Self-declaration form
