Fully filled up application form accompanied by a recent copy of the passport and an NRE cheque drawn on any bank or a demand draft drawn from the country where the account holder resides favoring any bank in our country. The application should also be accompanied by three copes of recent passport photograph.
All features (Except cash remittances in to the accounts) for resident accounts are available for NRE SB accounts.
The bank has made available the benefits of BSBDA accounts for the underprivileged sections of the society, thus promoting the concept of financial inclusion.
01. No initial deposit required.
02. An individual can open only 1 BSBDA (SMALL) with any one branch of his/her choice with the bank. No further accounts in this category can be opened with the same or any other branch.
03. BSBDA (SMALL) can be opened by any individual of any age , sex or income status.
04 .The KYC norms for BSBDA (SMALL) are simplified. Any one of the below mentioned procedures can be adopted.
05. The conditions of operations for BSBA(SMALL) as notified in Govt of India notification dated December 16, 2010 are as under
The services available free in the BSBDA(SMALL)’ will include deposit and withdrawal of cash, receipt / credit of money through electronic payment channels or by means of deposit / collection of cheques at bank branches as well as ATMs as well as availability of pass book.
Students may avail this opportunity to open SB accounts with NIL balances wherein they are also provided with ATM cards for withdrawing cash from their accounts.