Sbi Online Account Opening Zero Balance

State bank of india sbi basic savings bank deposit account can be opened and maintained even with a zero balance said country s largest lender in a tweet on its official handle.

Sbi online account opening zero balance.

The sbi savings account with zero balance is know your customer kyc compliant. How to open sbi zero balance savings account 1. Most important terms conditions. An sbi zero balance savings account can be opened singly jointly or with either or survivor 2.

If the customer already has a savings bank account the same will have to be closed within 30 days of opening a basic savings bank deposit account. Even with a zero balance you can open and maintain a state bank of india sbi basic savings bank deposit bsbd account. Sbi s zero balance account is explicitly meant to create the lowest income segments of the population to start collecting at no expense or charge. In the insta savings account sbi allows up to rs 1 00 000 as aggregate balance at end of day.

3 passport size photo. The customer cannot have any other savings bank account if he she has a basic savings bank deposit account. Sbi s zero balance savings account is called the sbi basic savings bank deposit bsbd is aimed at economically challenged sections of society in order to encourage savings in bank accounts without the stress of maintaining a minimum balance and without payment of any penalties for not maintaining the balance. Total annual credit transactions can be up to rs.

Also known as the zero balance account any person can open the sbi basic savings bank deposit account if he she has the required know your customer kyc documentation.