Can debit card be issued by Bank to an illiterate person?

The Bank may at its discretion open deposit accounts other than Current Accounts of illiterate person. given to the account holder. In case of blind persons who are literate, ATM /Debit card, cheque book, etc facilities will be given.

Can cash be deposited in pension account?

The pension account is basically a Savings Bank Account. The pension gets credited to that account in my case, just as the salary gets credited to a Salary Account in case of an employee… So, dividend warrants, any other cheques or cash if necessary also can be deposited into the account in the bank.

What is illiterate person account?

A blind/visually-impaired person can open Savings, RD, MIS, TD, SCSS and PPF accounts in his/her name independently. For all cash withdrawals, the blind/visually-impaired person should be advised to come in person only.

What is the validity of Bsbda small account?

Small accounts are valid for a period of 12 months initially which may be extended by another 12 months if the person provides proof of having applied for an Officially Valid Document.

Can pension account be transferred?

Ans:(a) Pensioner can transfer his/ her pension account from one Branch to another Branch of the same Bank within the same centre or at a different centre; All Central Government Pensioners and those State Governments which have accepted such arrangement can open Joint Account with their spouses.

Which account Cannot be opened by illiterate person?

Q: Whether two illiterate people (thumb impression) can open a joint account? R: Normally, Banks do not allow the opening of joint accounts of two illiterate persons.

Which type of bank account can be opened in the name of illiterate Pardanashin woman?

Some of the special category of such accounts are “Accounts of Blind Persons”, “Accounts of Iliterate Persons (in rural areas it will be a routine matter) and Pardanashin Women accounts (again in Muslim dominated .

What is difference between small account and Bsbda account?

BSBDA vs BSBDA-Small Account For a normal BSBDA KYC is a must but if an account is opened using simplified KYC it will be treated as a BSBDA small account. This comes with following restrictions: 1. The aggregate of all credits in a financial year should not exceed Rs 1 lakh.