Question: What Is The Minimum Balance In SBI Yono Account?

Which saving account is best in SBI?

SBI Savings Plus Account earn you higher rate of interest with auto sweep facility….SBI Online Savings Account.SBI Insta Savings AccountFeaturesInterest RateUp to 2.70% p.a.Transaction LimitRs.

49,999Aggregate Balance LimitUp to Rs.

1,00,000Debit CardFree Rupay Debit Card1 more row•Oct 6, 2020.

What is the maximum balance in SBI bank account?

There is no ceiling on maximum balance in Savings Bank account, except for Minors account and BSBDA-Small Account. (Rule Nos. 11, 12).

Can we have 2 SBI accounts?

Yes. You can have two different accounts in two different branches of same bank. Yes you can open as many accounts you want in different branches of same bank. … Can an SBI basic savings account holder open another savings account in any other bank?

How can I get KYC in SBI?

How to update SBI KYC? Customers have to visit the SBI branch near them and provide a copy of any of the address and identity (ID) proof that is accepted for the KYC update. The SBI net banking users can do their KYC online also. According to SBI website, You need to submit a valid government id card.

Which documents are required for bank account?

Savings Bank Account(a) Proof of identity (any of the following with authenticated photographs thereon): (i) Passport. (ii) Voter ID card. (iii) PAN Card. (iv) Govt./Defence ID card. … (b) Proof of current address (any of the following) (i) Credit Card Statement. (ii) Salary slip. (iii) Income/Wealth Tax Assessment Order. (iv) Electricity Bill.

Can I open SBI bank account online?

The opening of State Bank of India (SBI) ‘Insta Saving Bank Account’ does not require an individual to visit their nearest SBI bank branch. … ‘ The account can be opened online instantly without submitting any actual documents i.e. facility is completely paperless.

How much cash can be deposited in savings account?

Though there’s no limit to how much you can keep in a savings account, you should know the rules surrounding large deposits to savings accounts. When it comes to making deposits to a bank account, $10,000 is the magic number.

Does SBI interest monthly?

Country’s largest lender State Bank of India (SBI) offers Annuity Deposit Scheme in which the customers can get a fixed amount every month after depositing a one-time lumpsum payment. … The bank says payment of interest will start on the anniversary date of the month following the month of deposit.

What is the minimum balance in SBI savings account?

In March this year, SBI had announced that it will waive charges for non-maintenance of average monthly balance (AMB) for all savings bank accounts. Earlier, SBI savings bank customers had to maintain average monthly balance of ₹3000, ₹2000 and ₹1000 in metro, semi urban and rural areas respectively.

Which bank has lowest minimum balance?

List of All Banks Savings Account Interest Rates and Minimum Balance 2020List of Savings Account BanksMinimum Balance Required(INR)Andhra Bank0/5//100/1000Axis Bank0/10000/25000/100000Bank of Baroda0/5/1000Bank of India500/5000/10000/20000/10000033 more rows

Can I open SBI account with zero balance?

1) SBI BSBD account can be opened by all individuals having valid know-your-customer (KYC) documents. 2) SBI zero balance savings account can be opened singly, jointly, or with either or survivor. 3) The minimum balance amount to be maintained is zero in SBI zero balance account.

How do I know my SBI account type?

How to check account type in SBI’s website ? This simple step just a click after you log-into your account using login id and password. After logging into the SBI’s website hover over to the My Accounts &Profile followed by, Account statement, click the button to view the statement and the account type there.

Which bank is best for savings account?

8 Best Zero Balance Savings Account In IndiaIDFC First Bank Pratham Savings Account. … YES Bank Smart Salary Advantage. … IndusInd Bank-Indus Online Savings Account. … DBS-DigiSavings. … Kotak Mahindra Bank-811 Digital Bank Account. … HDFC Bank – Basic Savings Bank Deposit Account. … SBI – Basic Savings Bank Deposit Account. … Standard Chartered Basic Savings Bank Deposit Account.

Is SBI savings account good?

0.5 4.0/5 “Great!” SBI has best Internet banking and its very fast and easy to access any one. I am using this savings account more than 10 years, if i withdrawal cash more than 5 time no charges. Mostly i am not taking cash at ATM.

How much time it takes to open an SBI account?

within one working daySavings accounts are opened by the branch within one working day. You may also use YONO by SBI to open a Digital Savings Account instantly.