how to open account in sbi

SBI Basic Savings Bank Account

Bank	State Bank of India
Category	SBI Basic Savings Account
Minimum Balance Amount	NIL
Interest Rate	4%
Debit Card Offered	Basic ATM-Debit Card
Eligibility Criteria	Individuals who are 18 years old and above.

Features of a SBI Basic Savings Account

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A SBI Basic Savings Account can be opened free of cost at any SBI branch.
This account is KYC compliant and can be operated as a single account or jointly.
There is no upper limit set for the balance amount held in the account.
The SBI Basic Account can be easily accessed and a cheque book will also be issued along with it.
Accounts can be transferred between SBI branches free of cost.
Customers cannot open any other SB account, if they hold a SBI Basic Savings Account. All other accounts have to be closed within 30 days of opening a SBI Basic Savings Account.
Four free ATM withdrawals are allowed every month from SBI or other bank ATMS. Any withdrawal after that would be charged.
Utility bill payments can be done using this account.
Services

Internet Banking	NEFT/RTGS transactions can be done free of cost.
Debit Card	A debit card is given free of cost with no annual maintenance charge
Mobile Banking	Not Available
Other Services	Any extra service availed will be charged as per the bank’s regulations.

Fees and Charges of SBI Basic Savings Account

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Deposit or Collection of Cheques drawn by Central or State Government	Nil
Deposit of Cash	Nil
Activation of Inoperative Accounts	Nil
Issuance of variants of ATM cards ₹	Charges as stipulated by the bank.