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Product Details
Bank Name

State Bank Of India

Account Name

Account Type

Savings

Interest Rate

Balances less than Rs. 10 Crore - 2.70% p.a.
Balances Rs. 10 Crore & Above - 3.00% p.a.

Free Debit Card

Rupay classic card will be issued.

Video KYC Savings Account
Account Opening Fees

0

Annual Maintenance Fees

Nil

Minimum Account Balance

No minimum balance required

Debit Card Charges

none

NEFT Charges

Nil

IMPS Charges

Nil

Fees and Charges

Video KYC Savings Account

Special Features
Paperless account opening and no branch visit needed.
Eligibility Criteria
Resident Indians above 18 years of age and who are literate. New to bank customer and does not have a CIF with SBI. In case customer has any active relationship/CIF with the bank, she/he is not eligible for this account. Mode of operation allowed is only “Single”.
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Paperless account opening and no branch visit needed. Rupay classic card will be issued free of cost. Facility of transfer of accounts through Internet Banking channel without any extra charges.
Cons
Nomination facility is mandatory.
Application Procedure

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Product Review
Account Opening and Procedure
How to open an Account?
Application Procedure
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