SBI Savings Account Requirement

Open these savings account in SBI without KYC, many facilities are available for free

September 30, 2020September 30, 2020 Piyush Kuril

If a person does not have KYC documents, he can open a bank account. SBI Basic Savings Bank deposit of such people provides the facility of small account. There is no charge or fee to be paid on this account. If you do not have any KYC document, due to which you cannot open bank accounts, do not worry. State Bank of India (SBI – State Bank of India) provides a Basic Savings Deposit Small Account (SBI Basic Savings Deposit Small Account) for people above 18 years of age, in…

SBI savings accounts: Minimum balance guidelines

January 21, 2020 Piyush Kuril

You got a savings account with the State Bank of India, and are you maintaining the minimum average monthly balance? If not, then you will be penalized, depending upon where your account is! With effect 1st October 2019, SBI has notified the changes and issued new guidelines for minimum average monthly balance to be maintained in savings accounts. The notification published on the official website of SBI – onlinesbi.com, also elaborates the penalty scheme applicable to accounts which default on minimum monthly balance guidelines. What is the new rule for…