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Basic Savings Bank Deposit Account

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Basic Savings Bank Deposit Account

Key Things You Should Know

HSBC Basic Savings Bank Deposit Account (BSBDA) makes it convenient for you to avail of basic banking services without any fees or charges, and without maintaining any minimum balance in the account

Services offered under this account include:
  • Debit cards with no annual charges, having a daily cash withdrawal limit of INR 25,000 and a daily purchase limit of INR 10,000
  • Simple and convenient banking from the comfort of your home through free access to Internet Banking and PhoneBanking
  • Cheque books on the account
  • Unlimited free deposits in the account
  • 4 free withdrawals per month across demand drafts, pay orders, cheque issuances,

    electronic transfers (including RTGS and NEFT), ATM withdrawals and cash withdrawal requests placed through any of our branches.

  • Monthly bank statements

As a BSBDA holder, you are not eligible to have or open any other savings bank account with HSBC in India. If you have any other existing savings account with HSBC in India, you are required to close the same within 30 days from the date of opening the HSBC Basic Savings Bank Deposit Account, or else we will be constrained to close such other savings accounts that you hold with HSBC India

HSBC will notify you of any changes in the terms and conditions of this account with a prior notice of one month

Terms of Use (effective 1 January 2014)

Category: Bank

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