{"id":3058,"date":"2020-04-15T13:06:01","date_gmt":"2020-04-15T13:06:01","guid":{"rendered":"https:\/\/www.rizalmicrobank.com\/?p=3058"},"modified":"2024-04-15T07:56:28","modified_gmt":"2024-04-15T07:56:28","slug":"basic-deposit-account-bda","status":"publish","type":"post","link":"https:\/\/www.rcbcmicrobank.com\/index.php\/basic-deposit-account-bda\/","title":{"rendered":"Basic Deposit Account (BDA)"},"content":{"rendered":"

Pangarap Savings and Munting Pangarap Savings<\/strong><\/span><\/p>\n

A basic, interest-bearing account targeted towards the unbanked and underserved markets in the Philippines.<\/span><\/p>\n

0.5% per annum<\/strong><\/p>\n

Eligibility Criteria:<\/strong><\/span><\/p>\n\n\n\n\n\t\n\t\n\t\n\t\n\t
1. A Filipino citizen deemed unserved or underserved by a formal financial institution. <\/td>\n<\/tr>\n
2. A resident or student of the community where the branch operates.<\/td>\n<\/tr>\n
3. Age:<\/td>\n<\/tr>\n
    a. Pangarap BDA - 18 years old and above
\n <\/td>\n<\/tr>\n
    b. Munting Pangarap BDA - 17 years old and below<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

Requirements:<\/strong> 1 valid ID or Barangay Clearance<\/span><\/p>\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t
Acceptable Valid ID\u2019s<\/th>\n<\/tr>\n<\/thead>\n
a) PhilID or ePhilID from the PhilSys\t
\n<\/td>\n<\/tr>\n
b) Other identification documents with picture issued by the Government of the Republic of the Philippines
\n<\/td>\n<\/tr>\n
1. Passport
\n<\/td>		10. OFW e-Card
\n<\/td>\n<\/tr>\n
2. Driver\u2019s License
\n<\/td>		11. Alien Certificate of Registration (ACR)
\n<\/td>\n<\/tr>\n
3. PRC ID
\n<\/td>		12. Seaman\u2019s Book
\n<\/td>\n<\/tr>\n
4. NBI Clearance
\n<\/td>		13. GOCC ID i.e. AFP ID, HDMF ID
\n<\/td>\n<\/tr>\n
5. Police Clearance
\n<\/td>		14. PWD ID issued by the National Council on Disability Affairs
\n<\/td>\n<\/tr>\n
6. Voter\u2019s ID
\n<\/td>		15. Integrated Bar of the Philippines (IBP) ID
\n<\/td>\n<\/tr>\n
7. Postal ID
\n<\/td>		16. PhilHealth ID
\n<\/td>\n<\/tr>\n
8. Senior Citizen Card<\/td>17. Unified Multi-Purpose ID (UMID)
\n<\/td>\n<\/tr>\n
9. OWWA ID
\n<\/td>		<\/td>\n<\/tr>\n
c) Other identification documents that can be verified using reliable, independent source documents, data or information.
\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

 <\/p>\n

Fees and Charges<\/strong><\/span><\/p>\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t\n\t
<\/th>Pangarap Savings<\/th>Munting Pangarap Savings<\/th>\n<\/tr>\n<\/thead>\n
Initial Deposit<\/td>P 50.00<\/td>P 50.00<\/td>\n<\/tr>\n
Maintaining Balance<\/td>None<\/td>None<\/td>\n<\/tr>\n
Maximum Account Balance<\/td>P45,000.00<\/td>P45,000.00<\/td>\n<\/tr>\n
<\/td>The bank shall convert the basic deposit account to a regular deposit account.
\n
\nHowever, when his\/her account balance exceeds P45,000, the account is required to be converted to a Regular Savings Account or depending on his capability to own the multiple accounts
\n<\/td>		The bank shall convert the basic deposit account to a regular deposit account.
\n
\nHowever, when his\/her account balance exceeds P45,000, the account is required to be converted to a Regular Savings Account or depending on his capability to own the multiple accounts<\/td>\n<\/tr>\n
Interest Rate per Annum<\/td>0.5% per annum, subject to change anytime considering factors like the cost of maintaining the deposit account.<\/td>0.5% per annum, subject to change anytime considering factors like the cost of maintaining the deposit account.<\/td>\n<\/tr>\n
Average Daily Balance to Earn Interest<\/td>P500.00<\/td>P500.00<\/td>\n<\/tr>\n
Interest Crediting<\/td>Monthly<\/td>Monthly<\/td>\n<\/tr>\n
Dormancy Charges<\/td>P0.00<\/td>P0.00<\/td>\n<\/tr>\n
Closure of account (voluntary closure or closing of account within 180 days from Account Opening)<\/td>None<\/td>None<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

Terms and Conditions<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Pangarap Savings and Munting Pangarap Savings A basic, interest-bearing account targeted towards the unbanked and underserved markets in the Philippines. 0.5% per annum Eligibility Criteria: Requirements: 1 valid ID or Barangay Clearance   Fees and Charges Terms and Conditions<\/p>\n","protected":false},"author":8,"featured_media":3484,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[38],"tags":[],"class_list":["post-3058","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-deposit"],"_links":{"self":[{"href":"https:\/\/www.rcbcmicrobank.com\/index.php\/wp-json\/wp\/v2\/posts\/3058","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.rcbcmicrobank.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.rcbcmicrobank.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.rcbcmicrobank.com\/index.php\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.rcbcmicrobank.com\/index.php\/wp-json\/wp\/v2\/comments?post=3058"}],"version-history":[{"count":12,"href":"https:\/\/www.rcbcmicrobank.com\/index.php\/wp-json\/wp\/v2\/posts\/3058\/revisions"}],"predecessor-version":[{"id":3573,"href":"https:\/\/www.rcbcmicrobank.com\/index.php\/wp-json\/wp\/v2\/posts\/3058\/revisions\/3573"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.rcbcmicrobank.com\/index.php\/wp-json\/wp\/v2\/media\/3484"}],"wp:attachment":[{"href":"https:\/\/www.rcbcmicrobank.com\/index.php\/wp-json\/wp\/v2\/media?parent=3058"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.rcbcmicrobank.com\/index.php\/wp-json\/wp\/v2\/categories?post=3058"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.rcbcmicrobank.com\/index.php\/wp-json\/wp\/v2\/tags?post=3058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}