State bank of India is one of the leading public sector banks in India. My first savings bank account was in SBI and I can say by experience that it offers best services among the public sector banks I had visited so far. If you are looking for getting a savings account opened in State bank of India, this post will certainly help you. Documents required for opening a savings account in SBI-Two documents are required essentially- first is photo proof and the second is address proof. The documents accepted as photo proof include passport, driving license, pan card or voter id card.
And for address proof you need to give any one document from property bill, telephone bill, electricity bill or address verification letter by employer. The documents ne
...ed to be self attested and you also have to show the original copies. Procedure to open savings account-In order to get an account opened in SBI, you will have to visit the nearest branch. Then you will have to enquire for the person who deals with this aspect. He will give you a form and ask you to submit the form after filling along with the necessary documents.
You are also required to show the documents in original and get the photocopies attested before submitting. Moreover, you need to paste a recent passport size photo on the application form. Another important requirement is to get the form signed by a person who already has an account in that bank. Generally, the bank officer will also give an ATM application form along with the account opening form. If you want to op
for facilities like SBI online banking or SBI sms alert facility, you will have to fill separate forms for this purpose.
All the proceedings are completed in the same day and you are given the passbook with account number once the account is activated. After the activation of the account, you can deposit money there. Benefits of SBI savings account-You can open an account in SBI if you are 18 years old. The bank also offers facilities like SMS alert facility, online SBI banking and debit card making your banking experience easier. Another benefit of SBI savings account is that there is no limit of minimum balance now.
Earlier any saving account holder in SBI with cheque book facility had to keep a balance of Rs 1000 in his account. This restriction has been completely waived of. An important thing to remember here is that there are still restrictions regarding this in other public and private sector banks. For instance, in an ICICI savings bank account, one needs to have at least Rs 10000 as minimum balance. Otherwise the account holder is charged Rs 250 per month. Similarly, in Citibank, the minimum balance needs to be Rs 25000.
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