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Suryoday Small Finance Bank Zero Balance Savings Account, Features, Interest Rates

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Suryoday Small Finance Banks Offers Basic Savings Bank Deposit (BSBDA) Small Account  Zero Balance Account that Gives You Zero Balance Account Maintenance Charge, High-Interest Rate, Free Debit Card, NetBanking/MobileBanking Facilities, Monthly Interest Pay on your deposit, and much more.

Zero Balance Account with Suryoday Small Finance Banks
Zero Balance Account with Suryoday Small Finance Banks

About Suryoday Small Finance Banks

Suryoday Small Finance Bank is a small finance bank in India. The Reserve Bank of India has been given a banking license to Suryoday Small Finance Bank in FY2016.

Suryoday Small Finance Bank Starts Its banking operational with the ideology of becomes Suryoday for the light life of the ‘Banked’, ‘Under-Banked’ and the ‘Un-Banked’ Sections of the Society on January 23, 2017.

The Bank offers savings and Current Accounts, Debit cards, Fixed and Recurring deposits, MFI loans, Vikas Loans, Shopkeeper Loans, and much more.

Suryoday SFB catering to a client base of 12.1 lakh customers with 285 branches across Maharashtra, Tamil Nadu, Karnataka, Odisha, Gujarat, Madhya Pradesh Tamil Nadu, Karnataka, Chennai, Tiruchi, Coimbatore, and Puducherry in Pan India.

Currently, Mr.R Baskar Babu is The MD & CEO of Suryoday Small Finance Bank (SSFB) and It’s Headquarters in Navi Mumbai.

Features of Basic Savings Bank Deposit Account.

  1. No Amount Required to Open This Account.

You need not worry about any initial amount to open this account. It’s Totally Free.

  1. Not Required to Maintain Average Monthly Balance.

You will be free from Charge for non-maintenance of minimum balance.

  1. Fixed Deposit Amount in lieu of Annual Maintenance Balance.

No deduction charge will be taken place from your Fixed Deposit for the service of the Annual Maintenance Balance.

  1. Higher Interest Rate On Savings.

You will get Upto 6.25% on your savings.

  1. RuPay Classic Chip Debit Card.

This Card helps you to transact easily and securely for your Online Shopping, Payment gateway, and any other platform.

Zero Balance Account with Suryoday Small Finance Banks
Zero Balance Account with Suryoday Small Finance Banks

Benefits of Basic Savings Bank Deposit Account.

1- Monthly Interest Rate Pay Out. Your Interest Rate will payout on a Monthly Basis.

2- Unlimited number of transactions on POS.

3- Monthly e-mail statements free of cost.

4- You will get a physical statement free of cost.

5- Video KYC available for this account.

You need not step out from the comfort of your place. Video KYC will save lots of time.

What Are The Eligibility Criteria for Basic Savings Bank Deposit Account?

1- Any Indian Individuals Having Indian citizenship with Aadhaar Link Mobile Number, Aadhaar, and Pan Card Number

2- Guardians on behalf of minors

3- Resident Individual (Single or Joint Holders)

4- Hindu Undivided Family

How to Open a Basic Savings Bank Deposit Account?

You can choose Offline and Online mode to open this account.

Step-1

In Offline You Can visit Bank Branch with the Mentioned documents.

Step-2

You Can Choose an Online Mode where you need to submit your basic details.

Once you submit your request bank representative will call you.

Step-3 In Your Video KYC Process.

You have to ready with your given mentioned details

3-(a) You have to available in India with your Original Aadhaar and Pan Card.

3- (b) A white sheet of paper & A black pen with a lit room wall background.

3-(c) You need to have Good Internet Connectivity in the compatible browser with Mobile Phone (Android / IOS).

3-(d) Don’t answer any other call except the banking officer.

3- (e) You should Battery saver and Lite Mode.

Things to Remember in Basic Savings Bank Deposit Account.

1-You have to complete your KYC within one year once your account will be opened.

2- Transactional Limitations.

2 -(a) The total withdrawals and transfers in the BSDBA Small account should not exceed Rs. 10,000 in a calendar month.

2- (b) The total balance in the BSDBA Small account should not exceed Rs. 50,000 at any point of time.

2- (c) The total credits in the BSDBA Small account should not exceed Rs. 1,00,000 in a financial year.

3- 5 free transactions per month on Suryoday SFB ATM.

4-Cash withdrawals limits per month 4 (including all modes).

Zero Balance Account with Suryoday Small Finance Banks
Zero Balance Account with Suryoday Small Finance Banks

FAQ

  1. What is a Basic Savings Bank Deposit Account?

This is a Basic Saving Bank Deposit Account with Zero Balance Account limited features, an interest rate Upto 6.25 % on The savings, Free Rupay Chip Debit Card, Branchless Banking through Free online funds transfer using NEFT & RTGS, and many more.

  1. What are the Eligibility Criteria to Open Suryoday Small Finance Banks Offers Basic Savings Bank Deposit Account?

Any Individual having Indian citizenship and completed 18 years of age.

  1. Are there Joint Account Facilities in Suryoday Small Finance Banks?

Yes

  1. Is the Aadhaar Number and Pan Card Number Mandatory to open a Basic Savings Bank Deposit Account?

Yes.

  1. Is there Video KYC Available for Basic Savings Bank Deposit Account?

Yes.

  1. Is there any Initial Amount required to Open Basic Savings Bank Deposit Account?

No. You can confidently proceed to open this zero balance savings account.

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