IDBI Bank Small Account: A savings account that’s literally meant for everyone. It is completely elementary in its approach and uses a Zero Balance account for inclusive banking. The IDBI Bank Savings Account offers benefits to people of various financial backgrounds and age groups. The IDBI Savings Account is for everyone who may not have sufficient KYC documents. It is a zero-balance account with inclusive banking. You can benefit from SMS and email alerts for transactions, a free debit or ATM card, and free monthly account statements via email. You can get a checkbook on request. Also, with the ATM card, you can shop at any retail outlet. Please keep scrolling and you will get the method for opening an IDBI bank small account online.
IDBI Small account information: PDF
Table of Contents
About IDBI Bank
IDBI Bank is a leading medium-sized commercial private sector bank in India. Reserve Bank of India has clarified officially IDBI Bank stands re-categorized as a Private Sector Bank for regulatory purposes with effect from 21 January 2019.
With Dedicated decades of value-driven mindset solutions for banking and financial services since 1964 IDBI has established itself. IDBI Bank Savings Account offers various financial backgrounds and age groups. Customers can also reach out to us through our 24×7 customer care facilities.
IDBI Bank offers a wide range of banking and financial services in Savings accounts, Current Account, Deposit Accounts, deposits, withdrawals of funds, and much more. This Bank Now has now a strong network of 1,892 branches and 3,683 ATMs in Pan India as of 1 February 2020. Currently, IDBI Bank Managing Director & CEO is Rakesh Sharma, and Its Headquarters is Colaba, Mumbai.
The Process for Opening an IDBI Bank Small Account Online
- Step 1: First, visit the official website of IDBI.
- Step 2: Go to the “Open an account” option and select “Small Account-Relaxed KYC.”
- Step 3: Fill in the required details like name, contact number, date of birth, address, etc., and click on “Submit.”
- Step 4: Verify the details with documents like PAN and Aadhaar or any other document as required by the bank.
- Step 5: IDBI’s executive will verify all the submitted documents.
- Step 6: After the successful verification of your documents, IDBI will share the welcome kit containing your debit or ATM card, PIN, and chequebook with you.
- Step 7: Once the account is activated, you can register your mobile number and use a debit card and chequebook for banking services.
(You can carry out the video KYC on any day except Sundays and bank holidays between 10 AM and 6 PM.)
Fees and Charges for IDBI Bank’s Small Account
This IDBI Bank Savings Account comes with minimum charges. The following are the few charges that will be applicable:
| Annual Fee | Free |
| Additional add-on card for the account | Free |
| Replacing a stolen/ lost card | Free |
| IDBI Bank ATM Financial Transaction/Non-Financial | Free |
| Regeneration of Pin/ Copy retrieval | Free |
| Passbook | Passbook can be availed for free. |
| Duplicate Passbook | Free |
| Standing instructions for certificates | Free |
| Demand Drafts (Branch/Non-Branch Location)/ Pay order | 5 Transactions Free per month (Both inclusive) Maximum limit is Rs 10,000/- |
| Any Branch Cash withdrawal | Free (up to Rs 10,000/- per day only) |
| Cheque deposited and returned (Local cheque) | Rs. 60 |
| Cheque deposited and returned (Outstation cheque) | Rs.115 |
| Cheque deposited and returned due to Technical reasons (Local or Outstation) | Free |
GST of 18% is applicable on all banking products and services from July 1, 2017, onwards.
Services Offered With IDBI Bank Small Account
| SMS and Email Alerts | Customers will receive SMS and email notification for all transactions in the account. |
| Internet Banking | Yes |
| Cheque book | Upon request, you can avail of cheque books which will help you carry out certain banking transactions. |
| Cash Deposit | You will not be charged for cash deposits at any of the branches. |
| Duplicate statement | A duplicate statement may be sent through Phone banking & ATM, free of cost. |
The Features of IDBI Bank’s Small Account
| Easy Account Management | No need to visit the bank in person for every transaction. There are multiple ways to manage your account otherwise; including SMS Banking, Phone Banking, and Internet Banking. |
| Monthly account statements | Consolidated monthly account statements will be sent to you via E-mail |
| Electronic Fund Transfer | Online NEFT transactions will not be charged. NEFT transactions are free from branches up to Rs. 10,000. |
| Cash deposit | Branch (Home & Non-Home Branch) Cash deposit at any branch will not be charged. |
IDBI Bank Customer Care numbers
Customers can contact 24×7 phone banking numbers: 1800-209-4324 and 1800-22-1070
Debit Card Blocking Toll-Free Number: 1800-22-6999
Debit Card blocking through SMS: In case you remember your card number, SMS BLOCK <Customer ID > <Card Number > to 5676777 Eg: SMS BLOCK 12345678 to 4587771234567890 to 5676777
In case you do not remember your card number, SMS BLOCK <Customer ID > to 5676777 Eg: SMS BLOCK 12345678 to 5676777
Non-Toll Free number: +91-22-67719100 The contact number for outside India customers is +91-22-67719100. Read more at: https://www.fincash.com/l/pf/idbi-bank-savings-account#instant-online-savings.
Open online Saving Accounts in other Banks:-
- ICICI Bank Digital Savings Account online
- Axis ASAP Digital Account Online
- Kotak Mahindra Zero Balance Account online
- Online HDFC Bank Account
- PNB account online
- Online SBI saving account
- UCO Bank Account online
- Online Bank of Maharashtra Savings Account
- Indian Bank Savings Account
- Bank of Baroda Savings Account
- Bandhan Bank Savings Account
- Online Federal Bank Savings Account
- IOB Savings Account Online
Conclusion
So friends, now that you all have seen what the services IDBI Bank provides and how to open an IDBI Small Account online, it is easy to imagine why it has such a large client and customer base. Please like and share our articles with friends and on social media. Please subscribe to our article by clicking on the One-Signal Push Notification bell icon. You all viewers will get a more important information article in the near future by lifeinawind.com.
FAQ’s
01. What is the minimum balance I need to maintain in the Super Savings Account?
You need to maintain a Monthly Average Balance (MAB) of Rs. 5000 in the Super Savings Account for Metro & Urban Branches, Rs. 2500/-for Semi-urban Branches, and Rs. 500/-for Rural Branches.
02. What is the rate of interest applicable to the Super Savings Account?
Interest @ 3% pa is applicable on the Super Savings Account.
03. When is interest credited to the Super Savings Account?
When is interest credited to super saving account: Sb interest is credited quarterly.
04. When will I receive my account statement?
You will receive your account statement the month following every financial year, i.e., July, October, January, and April.
05. Can I use any branch across India to operate my account?
Yes, you can access and operate your account from any branch of IDBI Bank across India. You can electronically transfer funds from one account to another account in any branch across cities. You can withdraw and deposit cash up to Rs. 50,000 per day at any branch.
06. Can I open a Demat Account with my Super Savings Account?
Yes, you can open Demat Accounts with your Super Savings Account.
Leave a Reply