image

RBI Publishes FAQs on Basic Savings Bank Deposit Account

RBI /2013-14/246
DBOD.No. Leg.52 / 09.07.005/2013-14

September 11, 2013

All Scheduled Commercial Banks
(excluding RRBs)

Dear Sir/Madam,

Financial Inclusion- Access to Banking Services
Basic Savings Bank Deposit Account (BSBDA) – FAQs

Please refer to Circular DBOD.No. Leg.BC.35 / 09.07.005/2012-13 dated August 10, 2012 on the above subject wherein banks have been advised to offer ˜Basic Savings Bank Deposit Account™ with certain minimum common facilities to all their customers without the requirement of any minimum balance and any charges.

2. In view of several queries received in this regard from banks and public, we are enclosing a list of Frequently Asked Questions (FAQs) on the subject. Regarding accounts opened and operated at Business Correspondent (BC) outlets, a separate set of FAQs will be issued.

Yours faithfully,

(Rajesh Verma)
Chief General Manager

Encl: As above

profile image

About eMinds Legal

eMinds Legal

eMinds Legal is a Corporate Law Firm based in Gurgaon, India specializing in Corporate Legal, Corporate Secretarial and Compliance. The Firm comprises of a team of Corporate Lawyers and Company Secretaries with in-depth subject matter knowledge and participative industry experience of over 15 years.

Leave a Reply

Your email address will not be published. Required fields are marked *

Corporate Law Referencer

Corporate Law Referencer

Corporate Law Referencer

India’s Leading Compliance Software

India’s Leading Compliance Software

Get A Demo Today !

Recent Articles

Recent Legal updates

Recent Gst Updates