State Bank Of India is one of the biggest banks in the world. and has some basic and interesting product and services offers for its customers.
Bank offer Savings Account, Current Account, Personal Loan, Housing Loan, Auto Loan, Credit Cards, Insurance, Fixed Deposits, Mutual Funds, Bonds and many other services.
SBI Savings Account Interest Rate Feb 2019
|Balance Up To 1 Cr.||3.5% Per Annum|
|Balance Above 1 Cr.||4% Per Annum|
State Bank Of India has a different type of savings account where the requirement of minimum balance is also different. The requirement of minimum balance can be from Zero to 25K accordingly. With every savings account bank offer some basic benefits like:
ATM / Debit Card
Internet Banking Facility.
Cheque Book Facility.
DD & Pay Order From Any Branch.
Requirements For Opening Savings Account In SBI:
Every Individual can open a savings account in State Bank Of India. If you want to open an account in SBI and then you must fulfill the requirements like :
Minimum age should be 18 years and above.
Minors can open an account with their parents.
The account holder must be an Indian resident.
Must have KYC ( PAN Card / Valid Residence Proof etc).
Some additional features you can get benefit with:
Auto-swipe facility - To get high ROI on your regular savings. You can link your account with an FD account and can choose an amount threshold to auto transfer your amount.
ATM Cum Debit Card - You can choose any card from the different type of debit cards with your account. From a RuPay debit card to photo enabled international visa debit card.
Important Reads :