Difference Between Savings Account And BSBD Account in SBI

SBI (State Bank of India) is the country’s largest lender that offers various options to its customers. The bank offers a multiple savings account, including Recurring deposit, fixed deposit, Saving account, salary account, SBI saving plus account & BSBD account. Now it depends upon you which type of account you want to choose that offers convenience.

To make a good choice, you have to learn about these accounts in a brief. Most of the people still got confused that in which account they should save their money. Here in this article, you will learn about the difference between a savings account & a BSBD account in SBI.

Savings bank account & BSBD account in SBI

Anyone who has above 18 years old can open a savings account in SBI easily. For that, you should have a valid KYC document. BSBD is another type of account that is popular among people. The BSBD account’s popularity increases because it has advanced benefits that you will read in the below section.

You can open these accounts from any bank by submitting the necessary documents. There is some difference between these two accounts, making the BSBD account superior to a regular savings account.

saving account vs bsbd account

Difference between Savings account & BSBD account

S. No. Saving Account BSBD Account
1. When you have a saving bank account, then you have to maintain a minimum balance in your account. When it comes to BSBD (Basic saving bank deposit) account, you don’t have to maintain any minimum balance.
2. When we talk about the savings bank account, there is no such limit of a financial transaction & deposit amount. At the same time, when you opened a BSBD account, then there are certain limitations on the number of checks deposit & deposit amounts.
3. When you opened a saving bank account in a private sector bank, then you have to maintain a balance that can vary from 5000. If you have a saving account in a public sector bank, you have to deposit or maintain the account by saving 1000 to 3000 Whereas in a BSBDA account, you have to pay zero amount to maintain your account.
4. When you have a saving account, then KYC is mandatory for you. For that, you have to submit various documents. But at the same time, if you have a BSBD account, then you only have to submit only your ID proof, and that’s all.
5. If you have a saving account, you can easily convert it into the BSBD account by talking with your financial executives. When you have a basic savings bank deposit account, then you can’t open any other savings account in that bank.
6. There may be some charges deducted when you have a saving account because of non-operational or activation costs. At the same time, when you have a BSBD account, then no amount will be deducted from your account for any operational/non-operational activity.


After reading this content, you have an idea regarding the regular savings account & BSBD account. Now it’s your time to choose the account that offers you great flexibility & convenience.

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