Under the Basic Savings Bank Deposit Account (BSBDA) scheme introduced by the Reserve Bank of India (RBI) to promote financial inclusion and provide basic banking services free of cost, how many free withdrawals per month (including ATM transactions) are typically permitted?​

Correct option is C

The Basic Savings Bank Deposit Account (BSBDA) is a zero-balance savings account designed to make banking accessible to all sections of society, particularly the underprivileged.
As per RBI guidelines, a BSBDA holder can make up to four free withdrawals per month, which include both ATM and branch withdrawals.

Other Key Features:

• No minimum balance requirement (zero-balance account)

• Free ATM/debit card facility

• Unlimited deposits allowed per month

• Interest rate: Same as regular savings accounts

• Eligibility: Any resident individual can open one BSBDA per bank

• Additional Services: Some banks may provide cheque books or monthly statements