The Axis Bank Small Basic Savings Account (BBBSA) is designed to offer hassle-free banking services with minimal requirements. This account is basically for students, housewives, and someone seeking basic banking solutions whose transactions are less. If you are a salaried employee or a business doing person please avoid this account strictly. Go through the BBBSA benefits and features.
Key Features Of BBBSA Account:
Monthly zero balance maintenance:
Unlike traditional savings accounts, the Small Basic Savings Account does not have a minimum amount to maintain. It is a zero-balance savings account that is sponsored by AXIS Bank. Neither do you have to pay any amount to open this account nor do you have to maintain any amount.
Free Debit card variant:
After opening this BBBSA account you are eligible to get a free Rupay Debit card. The mentioned Debit card has no charges in terms of joining fees and debit card yearly fee. So it’s an amazing feature
No charges for ATM withdrawal:
BBBSA account provides a free atm withdrawal facility in ATMs in the country. This means there are no ATM withdrawal charges exists.
Amazing Benefits in Accidental Cases:
BBBSA account holders get accidental insurance of the amount of 1,00,00/- as a sum assured in case of accidental death. Account holders residing in metro cities receive a personal accident insurance cover of ₹1,00,000.
Free passbook issued to the customer:
Account holders are eligible to get a free passbook and statement without any charges. Keep track of your transactions with a free passbook. Receive monthly e-statements for added convenience.
There is no income or age restriction :
The Small Basic Savings Account is open to all, regardless of age, income, or account balance.
Procedure to open the BBBSA Account:
Locate an Axis Bank Branch: Locate the nearest Axis Bank branch. Bring along your KYC documents (Aadhaar card, PAN card, and address proof). Complete the necessary paperwork. Once your account is set up, enjoy the benefits of easy banking.
Transaction limits for the Axis Bank Small Basic Savings Account (BBBSA):
1. Transaction Limits on BBBSA Account:
o Maximum Withdrawal Limit: You can make up to 4 free withdrawal transactions per month. This includes cash withdrawal from a branch, ATM cash withdrawal at Axis Bank ATMs or non-Axis Bnaks ATMs, Micro ATM POS or E-commerce transactions, Demand Draft (DD) issuance, Electronic Clearing Service (ECS) or Standing Instructions (SI) debits, National Electronic Funds Transfer (NEFT) or Real-Time Gross Settlement (RTGS), Immediate Payment Service (IMPS).
2. Other Limits:
Total of all withdrawals and transfers should not exceed Rs 10,000/- in a month and the total of all credits should not exceed Rs .1,00,000/-.The balance in any moment should not exceed Rs.50,000/-
3. Foreign Inward Remittance: Inward remittance is not allowed in BBBSA account at any moment.
The above limits should be remembered carefully and should not be crossed at any point, if it is crossed then there will be a high chance that your account will be frozen permanently, even if the bank can not remove that freeze. If you think your transaction will be high then please contact with bank to open a normal savings account.
more details of bbbsa account:
The Axis Bank Small Basic Savings Account is a simple solution that removes all the banking complexity. Whether you’re just starting your financial journey or need a basic account, Axis Bank has you covered. Visit your nearest branch today and experience hassle-free banking.
The Axis Bank Small Basic Savings Account (BBBSA) is designed to offer hassle-free banking services with minimal requirements. This account is basically for students, housewives, and someone seeking basic banking solutions whose transactions are less. If you are a salaried employee or a business doing person please avoid this account strictly. Go through the BBBSA benefits and features.
Key Features Of BBBSA Account:
- Monthly zero balance maintenance.
- Free Debit card issued to all account holders.
- No charges for ATM withdrawal and no joining fee and annual fee.
- Amazing Benefits in Accidental Cases.
- Free passbook issued to the customer.
- There is no income or age restriction to open this account.
- Simple Procedure to open the BBBSA Account.
- Avail mobile banking and net banking facility.
- UPI integration facility.
- Chequebook facility available.
- There is no requirement to maintain average balance.
Conclusion:
The Axis Bank Small Basic Savings Account is a simple solution that removes all the banking complexity. Whether you’re just starting your financial journey or need a basic account, Axis Bank has you covered. Visit your nearest branch today and experience hassle-free banking.
