SBI, the country’s largest government bank, provides people with the facility to open many types of accounts, as well as provides many types of facilities absolutely free of cost.
New Delhi. State Bank of India is the largest government bank in the country and has crores of account holders across the country. This bank is also at the forefront in terms of number of branches from big cities to small towns. But do you know that SBI gives many facilities absolutely free of cost to its holders. If your account is in State Bank of India then this news is useful for you.
In SBI mainly you get the facility of 3 types of savings account. The bank does not charge you any fee for opening this account. Also, you get many facilities in these absolutely free. Let us know what are the benefits you get by opening these accounts.
Basic Savings Deposit Bank Account
According to the information available on the official website of SBI, everyone can open Basic Savings Deposit Bank Account through KYC. It is available at all branches of the bank.
This is especially for people with low income who can avail this facility without maintaining minimum balance. At the same time, there is no maximum limit for depositing money in it. In this, a basic Rupay ATM-cum-debit card is issued to the customer. However, check book facility is not available in this account.
Basic Savings Bank Deposit Small Account
Any person above 18 years of age can open this bank account. KYC has not been made mandatory for opening this account. That is, this account is for those people who do not have any documents for KYC. However, you can convert it to Basic Savings Deposit Bank Account later also by submitting KYC documents.
In this account, you get mostly the facilities available in Basic Savings Deposit Bank Account. But some limits have been fixed in this. It is available in all the branches of the bank except specialized branches. In this, the maximum balance limit has been fixed at Rs 50 thousand.
Savings Bank Account
This bank account of SBI provides you with facilities like mobile banking, SMS alerts, internet banking, YONO, State Bank Anywhere, SBI quick missed call facility etc. On this account you get the first 10 checks free during a financial year.
After that the cost of 10 checks is Rs 40 plus GST and the cost of 25 checks is Rs 75 plus GST. In this you do not need to maintain average balance. There is no limit on the maximum balance in this account.
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