The Reserve Bank of India has issued Amendment Directions to update its Responsible Business Conduct Directions, 2025, formally revising the framework for Basic Savings Bank Deposit (BSBD) accounts offered by commercial banks.

The updated rules expand the set of minimum facilities that every BSBD account must provide to ensure greater ease and accessibility for low-value deposit holders.

Under the revised norms, BSBD accounts will offer unlimited monthly deposits, free ATM or debit card usage without issuance or renewal fees, cheque-books with at least 25 leaves per year, internet and mobile banking, and either a passbook or a monthly statement.

Banks must also allow a minimum of four free withdrawals a month, including ATM and inter-bank ATM transactions.

Digital payment transactions

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