Citibank Minimum Balance

I want to know the minimum balance in Basic Savings Bank Deposit Account of Citibank so can you tell me?

The Citibank offer 'Basic Savings Bank Deposit Account' and 'Small Account'. There is no minimum relationship value requirement to be maintained in these accounts.

These accounts come with an ATM/Debit Card and cheque book.

Citibank Basic Savings Bank Deposit Account And Small Accounts

No minimum balance requirement

Free ATM/Debit card with daily transaction limit of Rs 10,000 across ATM and Point of Sale (on stores/ retail outlets)

Daily transaction limit of Rs 10,000 across Payment Gateway (online payments)

Free cheque book

24x7 access to Citibank Online and SMS Banking facility for quick checks on your account

Unlimited account credits via all channels

Four free customer initiated debits in a month, across channels i.e. Withdrawals (ATM & Branch)/ Electronic Fund Transfer (NEFT/RTGS/IMPS), Clearing (cheques or DD), Point of Sale, Online payments and Standing Instruction/EMI/any other payment maintained on the account

Click here to view the Schedule of Charges applicable to Basic Savings Bank Deposit Account.

Small Accounts are subject to transaction limits such as:

the aggregate of all credits in a financial year cannot exceed Rs1 Lakh

the aggregate of all withdrawals and transfers in a month cannot exceed Rs10,000

the balance at any point of time does not exceed Rs50,000

No foreign remittances transactions will be permitted in the account unless the identity of the client is fully established through the production of officially valid documents

In addition to all the features offered under 'Basic Savings Bank Deposit Account(BSBDA)' and 'Small Account', account opened under 'Pradhan Mantri Jan Dhan Yojana(PMJDY)' comes with a Personal Accident(PA) cover of Rs. 1 Lac.

This cover is for protection against accidental injuries, accidental death and permanent disability.

The said cover becomes effective from the date of account opening and is applicable to customers only between the age of 18 and 70 years.

Contact-

1860 210 2484 (Local call charges apply)
Use +91 22 4955 2484 for calling us from outside of India.

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Answered By StudyChaCha Member