SAVINGS BANK ACCOUNT

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Saving Bank Account
  • Features
  • Eligibility

Features

  • Mobile banking
  • SMS Alerts
  • Inter-Net banking
  • YONO
  • State Bank Anywhere
  • SBI Quick Missed call facility.
    • First 10 cheque leaves free in a financial year
    • Thereafter:
    • 10 Leaf Cheque Book at Rs 40/-+GST
    • 25 Leaf Cheque Book at Rs 75/-+GST
  • Restricted free withdrawals based on Monthly Average Balance maintained.
  • The facility of transfer of accounts through Internet Banking channel.
  • Nomination facility is Available
  • Monthly Average Balance: NIL
  • No limit on Maximum balance
  • A Pass Book is issued to record the transactions. Duplicate pass book can be issued if original is lost, on payment of charges. Statement of accounts can also be sent through e-mail.
  • Free Consolidated Account Statement

Eligibility

All individuals/Central/State Govt Departments (if eligible to open SB accounts) such as:

  • Govt depts. /bodies/agencies in respect of grants, subsidies released for implementation of various programmes/schemes sponsored by Central Government/State Governments subject to production of an authorisation from the respective Govt depts to open Savings Bank account.
  • Development of Women and Children in Rural areas
  • Self-help Groups, etc.
  • Mode of Operation : Single/Jointly/Either or survivor/ Former or survivor, Later or survivor, etc

Last Updated On : Wednesday, 09-02-2022

Interest Rates

2.70% p.a.

less than Rs.10 Cr. w.e.f 15.10.22

3.00% p.a.

Rs.10 Cr. and above w.e.f 15.10.22

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