What are the limitations on idfc first pratham savings account or BSBDA

[questionasker]

Hello everyone
"I'm trying to figure out the actual limitations on the IDFC FIRST Pratham Savings Account, particularly regarding deposits and debit,credit transactions value. I know it's a BSBDA account, but the specifics aren't always clear. If you use it, could you give me the real-world details? Thanks!"

 

[anikmitra]

Total amount in the account should be maintained below ₹50,000 if exceed they will contact through messages or mails to reduce the balance or to upgrade to a higher variant.

Total credit in a year should be less than 1lac or again they will contact

Lastly for the debit daily capping is ₹10,000 and monthly ₹20,000

Debit card Rupay classic with limits:
ATM withdrawal up to ₹10,000 per day,
Point of sale (POS) purchases up to ₹10,000 per day,
Online transactions up to ₹10,000 per day


Debit card, IMPS, NEFT, RTGS everything is free and it is a zero balance account

 

[rahul.h.desai]

Total amount in the account should be maintained below ₹50,000 if exceed they will contact through messages or mails to reduce the balance or to upgrade to a higher variant.

Total credit in a year should be less than 1lac or again they will contact

Lastly for the debit daily capping is ₹10,000 and monthly ₹20,000

Debit card Rupay classic with limits:
ATM withdrawal up to ₹10,000 per day,
Point of sale (POS) purchases up to ₹10,000 per day,
Online transactions up to ₹10,000 per day


Debit card, IMPS, NEFT, RTGS everything is free and it is a zero balance account

Most banks charge for IMPS .. I have a Salary account with HDFC (preferred banking) and they charge for IMPS transfer. Are you sure IMPS is not chargeable?

 

[anikmitra]

Most banks charge for IMPS .. I have a Salary account with HDFC (preferred banking) and they charge for IMPS transfer. Are you sure IMPS is not chargeable?

Yeah it is actually in their tagline "Zero Fee Banking". They heavily advertised on this, specially mentioned no charge for IMPS