Zero MAB & Zero ATM/Debit Bank Account (Semi - Urban) - Non Adhaar Linked KYC

[metal_heart]

I am looking for a Bank account for daily/UPI usage. Neo banks not preferred. Need a bank account with absolute NIL charges (0 MAB , Zero ATM/debitCard charges, SMS etc).
A physical branch is preferred (not mandatory) but non NEO banks

Also, KYC/on-boarding should not be via mobile no linked w/ adhar. Plan to give alternate no in bank, than whats associated w/ Aadhar.

Any advice, will be helpful

 

[Anindya98]

I am looking for a Bank account for daily/UPI usage. Neo banks not preferred. Need a bank account with absolute NIL charges (0 MAB , Zero ATM/debitCard charges, SMS etc).
A physical branch is preferred (not mandatory) but non NEO banks

Also, KYC/on-boarding should not be via mobile no linked w/ adhar. Plan to give alternate no in bank, than whats associated w/ Aadhar.

Any advice, will be helpful

IDBI Basic Savings Account (No Aadhaar Link number necessary)
Zero Charges with cheque book facility and DC cum ATM card.
Note: It has a few limitations.

Personal & Corporate Banking | MSME & Agri banking - IDBI Bank

IDBI bank presents Sabka Basic savings account for everyone with Complete KYC (know your Client). We provide best banking services as per your convenience.

www.idbibank.in

 

[praful47]

I am looking for a Bank account for daily/UPI usage. Neo banks not preferred. Need a bank account with absolute NIL charges (0 MAB , Zero ATM/debitCard charges, SMS etc).
A physical branch is preferred (not mandatory) but non NEO banks

Also, KYC/on-boarding should not be via mobile no linked w/ adhar. Plan to give alternate no in bank, than whats associated w/ Aadhar.

Any advice, will be helpful

open any BSBD account in boi , bob, canara ,sbi , cbi, etc .... you will get free insurance of 436 and 20 payable annually which can be removed later .

 

[metal_heart]

Thanks,

Note: It has a few limitations.

What are the limitation(s) you are referring to

 

[metal_heart]

ou will get free insurance of 436 and 20 payable annually which can be removed later

I have a bad experience getting these cancelled. Banks always come up with one or the other reason.
It become even more painful with PSU banks

 

[Anindya98]

Thanks,

What are the limitation(s) you are referring to

Money can be added 5 times a month
Max Capping of 50K in one transaction
Bank deposit and withdrawal 5 times each

 

[praful47]

I have a bad experience getting these cancelled. Banks always come up with one or the other reason.
It become even more painful with PSU banks

simple trick - you will get a message to maintain 436 in your account from date xx to date xx .
withdraw all your funds for the time being and it gets cancelled automatically .
Else you can try bsbd in hdfc but you have to complain if they don't open the account

 

[Arkapal Sen]

open sbi account..its zero balance now..dont take physical debit card..no cost then

 

[metal_heart]

Money can be added 5 times a month
Max Capping of 50K in one transaction
Bank deposit and withdrawal 5 times each

That's not a con in my case. Primary usage is alternate bank account for UPI usage.

 

[praful47]

Money can be added 5 times a month
Max Capping of 50K in one transaction
Bank deposit and withdrawal 5 times each

it's for mini KYC user

 

[CardCraftsman.]

Primary usage is alternate bank account for UPI usage.

Best is to get 1)a rupay cc for merchant transactions.
2) a wallet upi for people who aren't registered as merchant

 

[Anindya98]

it's for mini KYC user

No full KYC. as all the services are free.
The basic one has few limitations but a normal savings account works perfectly.

 

[praful47]

No full KYC. as all the services are free.
The basic one has few limitations but a normal savings account works perfectly.

i meant to say that the restrictions are for mini kyc users .
For full kyc users there is no restriction on transaction

 

[Anindya98]

i meant to say that the restrictions are for mini kyc users .
For full kyc users there is no restriction on transaction

Not sure but I did the Full Kyc when I opened the account. Branch DBM mentioned this to me. I don't use the account just opened the account for reviewing the services.

 

[praful47]

Not sure but I did the Full Kyc when I opened the account. Branch DBM mentioned this to me. I don't use the account just opened the account for reviewing the services.

bsbd account can be used as an normal saving accounts with free services