Features and benefits of Bandhan Bank Special Savings Bank Account
- The average quarterly balance that has to be maintained is Rs.5,000.
- Special Savings Bank Account customers can access internet/mobile/phone banking free of cost.
- Lifetime free Debit-cum-ATM card will be given to all Special Savings Bank Account holders.
- Special Savings Bank Account holders can bank in any Bandhan Bank branches in India.
- Up to Rs.5 lakh per month free cash deposit into a Special Savings Bank Account is allowed.
- All Special Savings Bank Account holders get one chequebook of 20 leaves free per quarter.
- Special Savings Bank Account customers get 5 IMPS/NEFT/RTGS transactions free per month.
- Free cash withdrawals at any Bandhan Bank and other bank ATMs.
- Special Savings Bank Account customers get free 24/7 customer care service in case of any queries.
- Free passbook and statement of account will be given to all Special Savings Bank Account.
- 1 cash/cheque pick up or drop facility per month available for Special Savings Bank Account holders.
- The interest rate for Special Savings Bank Accounts with a daily balance up to Rs.1 lakh is 4.25% and for Special Savings Bank Accounts with a daily balance above Rs.1 lakh is 6%.
- The interest rate will be calculated on daily basis and will be paid at every calendar quarter(30th June, 30th September, 31st December, and 31st March).
How to apply for a Special Savings Bank Account?
Customers who wish to open a Special Savings Bank Account can go online to the registered website of Bandhan Bank and apply for it online by entering their name, email address, and phone number. Customers can also download the account opening form from the website. Alternatively, customers can walk into the nearest Bandhan Bank branch and ask for an account opening form to open a Special Savings Bank Account. Customers will then have to submit the duly-filled account opening form with the necessary documents to the bank officer. Upon verification of the documents, a new Special Savings Bank Account will be opened.
Documents required to open a Special Savings Bank Account
The below documents are required to open a Special Savings Bank Account:
- One passport size colour photograph
- Identity proof like passport/driving license/voter’s ID/photo debit/credit card
- Address proof like passport/driving license/voter’s ID/utility bill
- Duly-filled account opening form
- PAN card or Form 60/61 where PAN card is not available
- Birth certificate of the minor
Fees and charges
| Particulars | Fees |
| Average quarterly balance | Rs.5,000 |
| Non-maintenance charges | Nil |
| Cash deposit | Up to Rs.5 lakhs free per month |
| IMPS/NEFT/RTGS | Up to 5 transactions free |
| Cheque leaves | Up to 20 cheque leaves free per quarter |
| Debit card issuance | Nil |
| Debit card AMC charges | Nil |
| ATM transactions in Bandhan Bank | Unlimited |
| ATM transaction in Non-Bandhan Bank | Unlimited |
| Issuance of passbook | Free |
| Email statements | Free |
| Issuance of annual consolidated statement | Free |
| SMS alert facility | Free |
| Debit card daily limit |
|
| Debit card annual charges | Nil |
| Debit card reissuance charges | Rs.150 |
| Debit card Pin re-generation charges | Nil |
| NEFT Transfer |
|
| IMPS charges |
|
| DD issuance charges |
|
| Duplicate DD Issuance | Rs.100 per instrument |
| DD cancellation/revalidation | Rs.100 per instrument |
| Cheque stop payment | Rs.100 per instrument Rs.300 per series |
| Cheque/ECS return | Rs.200 |
| Duplicate passbook with current balance or with previous 400 entries | Rs.100 |
| Duplicate annual consolidated statement | Rs.200 |
| Additional cheque leave after the free cheque leaves | Rs.2 per cheque leaf |
| Customer induced account closing within 6 months | Rs.300 |