SBI Bank Savings Account

State Bank of India has six different kinds of savings accounts for its customers. These accounts are set up to help people with lower incomes through initiatives like Pradhan Mantri Jan Dhan Yojana, making it easier for them to handle their money. The bank also has accounts for kids, like the SBI Savings Account for Minors, to encourage them to start saving early.

This is the kind of account you usually get when you apply for an SBI savings account. It's a simple savings account that comes with things like SMS banking, internet banking, and a credit card for everyone. You just need the right documents (KYC) to open this account.

This savings account is also for people with lower incomes, especially those who don't have the right documents for a regular bank account. It's designed to make it easier for them to open an account and manage their money, even if they face challenges in getting official documents.

This SBI savings account is made for helping kids understand the value of money and savings. It lets them try out spending so they can learn to handle their money wisely as they grow up. Parents or guardians need to be involved in opening and managing this account.

This account is a type of savings plan called the SBI Multi Option Deposit Scheme. In this, your regular savings or current account is used to create a fixed deposit for 1-5 years. It's meant to encourage people to start investing. You can also get a loan using this deposit to help manage your money better.

This SBI savings account can be easily opened online using Video KYC, and all you need are your Aadhaar and PAN (physical) details. No need to visit the bank branch for any verification – it's a hassle-free process.

This SBI savings account is made to help people with less money by giving them a way to start saving.

*Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad

• You must be a resident Indian aged 18 or above and should not already have an existing relationship with the bank.
• You should possess a valid Aadhaar Number, linked with a mobile number registered in your name, and a valid Permanent Account Number (PAN).
• At any given time, you are allowed to have only one Insta Savings Account and no other accounts.

Note: This does not apply to SBI Savings Account for Minors and Basic Small Savings Account.

You should bring photocopies of all the required documents along with their originals when opening an account. These documents should be self-attested and attached to the account opening form. Here is the list of documents needed for opening an SBI savings account.

Proof of Identity (any of the following):

1. PAN Card

2. Passport

3. Voter ID card

4. Driving Licence

Proof of Address (any of the following):

1. Electricity Bill

2. Telephone Bill

3. Bank account statement

4. Letter from a reputed employer

5. Letter from any recognized public authority

6. Ration Card

7. Credit Card Statement

8. Salary slip

9. Income/Wealth Tax Assessment Order

You can have different types of accounts in SBI (like savings, current, etc.) but with the same customer ID. All the accounts will be interlinked.

Yes, you can open an SBI digital savings account through the online process. However, it's important to mention that a one-time visit to the branch is required as part of the account opening process.

Yes. You can open SBI Basic Savings Bank Account with zero balance.

On March 11th, 2020, SBI said you don't need to keep a minimum balance in your account. So, there won't be any extra charges, even if your account balance is zero.

As per the latest guidelines, providing your Aadhaar Card is not mandatory for opening an SBI bank account. This rule applies to all banks in the country. However, there might be instances where you are required to provide your Aadhaar card when opening an account online.

To check your SBI account balance, simply send an SMS with the text "BAL" to 09223766666 from your registered mobile number.