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Product Details
Bank Name
North East Small Finance Bank
Account Name
NESFA BSBDA Small
Account Type
Saving
Interest Rate
Rs 0 - upto 4.99 Lacs 4.00%. 5 Lacs - upto 25 Lacs: 5.00%. 25 lacs- Upto 10 Crores: 5.50%. >10 Crores to 25 Crores: 5.75%. >25 Crores and above: 6.00%
Free Debit Card
No charges on debit card issuance
Account Opening Fees
Nil
Annual Maintenance Fees
Minimum Account Balance
Nil
Debit Card Charges
No debit card annual charges
NEFT Charges
Free for online; chargeable for branch banking
IMPS Charges
Up to Rs. 1 Lakh - Rs. 5 ; Rs 1 Lakh -< 2 Lakhs : Rs 15
Fees and Charges
NESFA BSBDA Small
41
Special Features
Eligibility Criteria
Account can be opened by any Individual
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
No minimum balance requirement
Zero account opening charges No debit card annual charges
Cons
Maximum balance in account at any point of time – Rs. 50,000
Maximum permissible total amount credited in the account per annum – Rs. 1,00,000. Could have exceeded the limit.
NESFA BSBDA Small
The account comes with decent interest rate however, the account offers minimal value add features.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Account Opening and Procedure
How to open an Account?
Application Procedure
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