What is basic a savings bank account? How it is different from a regular savings account?
If a zero minimum balance sounds attractive to you, Basic Savings Bank Deposit Account (BSBDA) is right for you. Contrary to maintaining any minimum average balance like a regular savings account, BSBDA requires a maximum account balance.
Savings Bank Deposit Basic Savings Bank Deposit Account Demand Drafts Regular Savings Anti Money Laundering Savings Account
Source: livemint.com