FAQ’s ON BASIC SAVINGS BANK DEPOSIT ACCOUNT
BASIC SAVINGS BANK DEPOSIT ACCOUNT 1. Query Whether the guidelines issued on ‘no-frills’ account with ‘nil’ or very low minimum balances will continue even after the introduction of ‘Basic Savings Bank Deposit Account’? Response No. In supersession of instructions contained in circular DBOD.No.Leg. BC.44/09.07.005/2005-06 dated November 11, 2005 on No Frill accounts, banks have now… Read More »