SBI Current Account

Last Updated 11th Aug 2020

SBI Current Account Interest Rate

SBIRegular Current Account
Minimum Account BalanceRs. 10,000
Non Maintenance Charge Non Rural - Rs. 5,000 Rural - Rs. 2,500
Interest RateNil

Salient Feature of SBI Current Account:

  • First 50 cheque leaves free
  • Free ATM card during first year
  • Free cash deposit upto Rs. 25,000 per day
  • Compare the Current Account features of SBI with other banks and pick the best bank for yourself.
  • Walk in the nearest SBI branch to open a Current Account and avail quality services.
Apply for Business Loan @ 13.50%* Get upto ₹ 1,000* Cashback
+91

SBI Current Account Minimum Balance and Charges

SBI Current Account SBI Current Account Minimum Balance Non Maintenance Charges
Regular Current AccountRs. 10,000Non Rural - Rs. 5,000 Rural - Rs. 2,500

SBI Account Details – Current Account

SBI Current Accounts have been customised to meet the varied customer needs. Current Account are business accounts which provide unlimited daily transactions along with personalised services to help the businessmen and self employed professionals such as doctors, consultants, chartered accountants to conduct daily bank transactions. SBI also offers an overdraft facility under which a credit limit is offered to allow you to withdraw money as and when required to meet your working capital requirements.

SBI Current Account Products

Regular Current Account

  • First 50 cheque leaves free
  • Free ATM card during first year
  • Free cash deposit upto Rs. 25,000 per day
  • Minimum balance requirement is Rs. 10,000
  • Charges for non maintenance of the minimum balance is Non Rural - Rs. 5,000 Rural - Rs. 2,500

SBI Current Account Eligibility

To open a SBI Current account, one needs to fulfil the following eligibility criteria:

  • The individual applying for a current account requires authentic KYC documents.
  • It can be opened by sole proprietors, partnerships, co-operative societies, Trustors, administrations and documentation.
  • Further, SBI requires a minimum account balance of Rs. 10,000 to be maintained in its current account.

SBI Current Account Opening Procedure

A current account facility can be availed in any bank through both online and offline procedures. The online process to open a current account is more time saving and easy.

Online Process:

  • Visit the Bank's website or the Bank's online current account portal.
  • Select the 'Open current account' option.
  • Fill in the personal details in the current account application form.
  • Download the application form and submit the printed copy in the Bank on your next visit.

For the offline process, one needs to visit the nearest Bank in person, with the required documents.

SBI Current Account Opening Documents

  • Proof of identity – PAN card, voter ID card, passport, driving license
  • Proof of address
  • Recent Colour Photograph
  • PAN/Form 49 A along with Form 60 if applied for PAN
  • Account opening Cheque from existing Savings/Individual Current Account

FAQs on SBI Current Account

How much interest is offered by SBI on Current Account?

SBI like any other Current Account does not offer an interest on the account.

What is the minimum amount required for opening Current Account in SBI?

SBI Current Account minimum balance is Rs. 10,000.

How to open a Current Account online with SBI ?

To open a Current Account online you can visit the website of SBI and choose from the wide range of Current Account products offered by SBI. Click the “apply now” option, fill in your details, and submit. The bank representatives will contact you for further information and for processing your account application form.

What are SBI Current Account charges on non maintenance of balance?

The Balance Non Maintenance Charges on Current Account by SBI are Non Rural - Rs. 5,000 Rural - Rs. 2,500.

Does SBI offer Debit/credit card to the account holder?

Yes, SBI offers debit card or credit card to its Current Account holders. The type and features of these debit cards or credit cards may differ with the Current Account you choose to open.

SBI Business Loan News - Aug 2020
*Terms and conditions apply. Credit at sole discretion of lender subject to credit appraisal, eligibility check, rates, charges and terms. Information displayed is indicative and from collected from public sources. Read More
Calculate Your Income Tax