PMJDY accounts are BSBDA in nature with few additional facilities. The Basic Savings Bank Deposit (BSBD) Account is a savings account which offer the following minimum facilities, free of charge, without requirement of maintaining minimum balance to the holders of such accounts:
- Deposit of cash
- Receipt/ credit of money through any electronic channel or by means of deposit /collection of cheques drawn by Central/State Government agencies and departments
- No limit on number and value of deposits that can be made in a month
- Minimum of four withdrawals in a month, including ATM withdrawals
- ATM Card or ATM-cum-Debit Card
In addition, for BSBD accounts banks are free to provide additional value added services, including issue of cheque book, as opted by customers beyond the above mentioned minimum facilities, which may/may not be priced subject to disclosure. Opening of such additional services does not require stipulation of maintenance of minimum balance in such accounts.
