BSBDA/Small Accounts - Business Correspondent (Manipal Technologies Ltd.)

1860 266 2666

(24 X 7)

The Kotak BSBDA/Small Account is a Savings bank account with all basic banking facilities with no Minimum Balance requirements and hassle free documentation.

Mode of operationSingle
Initial deposit amount*Rs. 100/-
Average Monthly balance (AMB)Nil
Rate of interest6% p.a. on balance above Rs. 1 lakh. With effect from 1st November 2014, 5% p.a. on balance up to Rs. 1 lakh.
Account opening chargesNil
Smart Card (E-Passbook) Issuance charge*Rs. 100/-
Physical StatementMini statement available through POT (Micro-ATM). Optional half yearly statement provided on request by BC.
Cash deposit chargesNil
Cash withdrawal charges*Rs. 3/- per transaction
Nomination facilityAvailable
Re issue of Smart Card*Rs. 55/-
Product Available atBusiness Correspondent-Customer Service Points at Balodabazar, Bilaspur, Gariabandh & Mungeli District of Chhattisgarh and Silvassa District of Dadra and Nagar Haveli.
Service DeliveryAt designated Customer Service Points (CSPs) through Business Correspondent using Micro ATMs.

Eligibility criteria and operating instructions

This account is offered to those individuals who are deprived of basic banking services; belong to lower income group and beneficiaries of MG-NREGS towards promoting Financial Inclusion initiative.
The total balance in the account should not exceed Rs. 50,000/- at any given point of time.
The sum total of credits in the account shall not exceed Rs. 1 lakh in a year.

Note:

* The above mentioned charges are exclusive of service tax and education cess. As part of our promotional offer, the earmarked charges and Initial Deposit have been waived.

Accounts opened on the basis of MG-NREGS job card are treated as BSBDA & on the basis of BC certification are treated as Small Accounts.

# The above mentioned BC arrangement/Initiative is in On-Line environment and the transactions are carried in real time.

Just walk in to your nearest Business Correspondent-Customer Service Points at Balodabazar, Bilaspur, Gariabandh & Mungeli District of Chhattisgarh and Silvassa District of Dadra and Nagar Haveli for more details.


 
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