Basic saving bank account has taken place of no frills account... but why?
reasons .......
1. social stigma- person having no frill a/c were consider as poor and no one wants to have any relationship.
2. no cheque book and atm card.
benefits of basic saving bank account( bsba)
1. deposited money in 1 year should not be more than 1 lakh. ( eg. if u deposited Rs. 10000 and withdraw Rs. 5000 and next day again u deposit Rs. 10000. then ur deposited money will be Rs. 20000 and not 15000).
2. maximum withdraw limit for whole month is 10000.
3. balance in account should not exceed Rs. 50000 at any time.
for article archines click here
reasons .......
1. social stigma- person having no frill a/c were consider as poor and no one wants to have any relationship.
2. no cheque book and atm card.
benefits of basic saving bank account( bsba)
- No limit on the number of deposits that can be made in a month
- Maximum 4 withdrawals in a month , including through ATM's
- No minimum balance requirement
- cheque book and atm card is provided.
1. deposited money in 1 year should not be more than 1 lakh. ( eg. if u deposited Rs. 10000 and withdraw Rs. 5000 and next day again u deposit Rs. 10000. then ur deposited money will be Rs. 20000 and not 15000).
2. maximum withdraw limit for whole month is 10000.
3. balance in account should not exceed Rs. 50000 at any time.
for article archines click here
Thank you for sharing this.
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