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Online SBI Savings Account Opening

Open SBI Saving Account

Last Updated 17th Jan 2022

Interest Rate 2.70%
Minimum Balance Requirement NIL
Cash Withdrawal Limit 4 free cash withdrawals in a month.
ATM Transaction Charges Rs. 15+ GST
Debit Card Basic RuPay ATM cum Debit Card
Yes Bank
Returns bhi, Rewards bhi
5.5%* interest p.a + up to 1500** YES Rewardz Points on account opening
Earn up to 50k** YES Rewardz Points in 1st year
Exclusive offers on Demat & Lockers
Disclaimer: For balance above INR 10 lcs to INR 1Cr. For YES FIRST customers. Terms and conditions apply. For more details please visit: www.yesrewardz.com
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SBI Savings Account Opening

SBI Savings accounts in SBI can be opened online or offline. To open SBI offline, you have to visit the branch, fill the application form and submit documents.

Steps for Opening SBI Savings Account Online

To open the savings account online in SBI, you have to follow these steps:

  • Step 1: First, visit the official website of SBI.
  • Step 2: Go to Savings Account option and select the option ‘Apply Now’.
  • Step 3: Fill the required details like Name, Contact number, Date of Birth, Address etc. and click on ‘Submit’.
  • Step 4: Verify the details with the documents like PAN and Aadhar or any other document as required by the bank.
  • Step 5: SBI’s executive will verify all the submitted documents.
  • Step 6: After the successful verification of your documents, SBI will share the welcome-kit containing debit cum ATM Card, PIN and cheque book with you.
  • Step 7: Once the account is activated, you can register your mobile number and use a debit Card and cheque book for banking services.

Steps to Open SBI Savings Account at Branch

To open a savings account with SBI at a branch, you must follow these steps:

  • Make sure that you carry with you an identification proof (preferably your PAN Card), an address proof (preferably your Aadhaar card), and two passport size photographs.
  • After reaching the branch, ask the clerk that you want to open a savings account. The clerk will give you the application form.
  • Fill the savings account application form with required details and attach the photographs on the form where required.
  • After duly filling the form and signing it, submit the savings account application form along with necessary documents and required money (in case of minimum balance account) with the clerk.
  • Your account will be functioning within a week or so, and the bank will inform you about it through a call/SMS/email.

Eligibility of opening Savings Account in SBI

You have to fulfil the following eligibility criteria to open a savings account in SBI:

  • This account is for resident Indians of 18 years of age and above

Open saving account with Other Banks online


How can I open a savings account in SBI?

You can open a savings account in SBI either by applying online through the website or by visiting the branch nearby and submitting your application form there.

Can I open a savings account online in SBI?

Yes, you can open a savings account online, by applying for it through the SBI’s official website.

What is the minimum balance in SBI?

The minimum balance required to open a savings account in SBI is NIL.

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SBI News - Jan 2022
  • 2022-01-07 : SBI Enhances Limit on IMPS Transactions
    State Bank of India has increased the limit on IMPS transactions from Rs. 2 lakhs to Rs. 5 Lakhs. Earlier, the bank also revises IMPS, NEFT, and RTGS transactions charges.
  • 2022-01-04 : No Service Charges on IMPS Transactions of Upto Rs. 5 Lakhs Digitally
    The State Bank of India will levy a service charge of Rs. 20+ GST on savings account balance of Rs. 2 Lakhs to Rs. 5 Lakhs. There will. However, no charges done through the Internet and Mobile Banking
  • 2021-12-21 : State Bank of India Launches 3 in 1 Account Facility
    The largest public sector lender, SBI, has launched a 3-in-1 account facility for bank customers. The facility includes a savings bank account, a Demat account, and an online trading account.
  • 2021-12-20 : Bank Strike Affects Clearance of Cheques Worth Rs.38 Lakhs
    The two day Bank strike for privatisation of government banks has affected the clearance of 37 Lakh Cheques worth Rs. 38 Crores.
  • 2021-12-17 : Banking Services Hit as Public Sector Banks go on a Strike.
    Banking and ATM services have been hit hard as the public sector banks, including State Bank of India, Bank of Baroda and Punjab National Bank, are on a two-day strike against the privatisation of banks.
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