Eligibility	Individuals in their own name or jointly with family members. Minors’ accounts represented by a natural guardian are also permitted.
KYC Norms	Accounts need to be fully KYC compliant with an Officially Valid Document (OVD) and PAN Card/Form 60. The following OVDs are acceepted: Passport (valid) Aadhaar Driving License (valid) Voter ID issued by Election Commission of India Job card issued by NREGA, signed by a State Government officer Letter from the National Population Register with name and address details
Minimum Balance	Zero balance requirement for account opening and maintenance.
Transactions	No limit on deposits; however, withdrawals are limited to 4 per month, including ATM withdrawals. Additional transactions are charged at Rs20 + applicable taxes per transaction.
Cheque Book	Issued on request at Rs 3 per leaf.
Debit Card	Free ATM-cum-debit card (basic variant) with no AMC charges.
Internet & Mobile Banking	Available for easy account access.
Outstation Cheque Collection	Allowed with normal collection charges. Immediate credit is not allowed.
Conversion to Regular SB Account	Permitted on request and subject to the minimum balance requirement.
Other Conditions	Basic Savings Bank Deposit Account (BSBDA) account holders cannot open another savings account in the same bank. Customers with existing savings accounts must close them before opening a BSBD account. A declaration stating that there is no BSBD account in any other bank is required.

Visit your nearest South Indian Bank branch.
Fill out the Account Opening Form.
Submit necessary KYC documents.
Your account will be activated upon successful verification.

Minimum Balance	Zero balance required.
Withdrawal Limit	4 free withdrawals per month; additional transactions at Rs 20 + taxes.
Cheque Book	Rs 3 per leaf (on request).
Outstation Cheque Collection	Standard collection charges are applicable.
Service Charges	Click here for comprehensive service charges.
Interest Rates	Click here to learn more about interest rates

Frequently Asked Questions

To get answers to the frequently asked queries

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SAVINGS ACCOUNT

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