Open SBI Account Online: State Bank of India is also known as SBI. It is one of the largest banks in India with over 450 million customers and more than 22,000 branches across India. SBI Bank is also one of the most trusted and preferred banking partners in India. Bank provides many services like Mobile Banking, SBI Online Banking, Debit Card, Balance Enquiry, FASTag, etc.
State Bank of India Savings Account is opened online by customers who want to save for the future and are interested in deposits. Customers can choose to open their nearest SBI savings account with over 24,000 branches across the country to experience the ease that comes with a savings account. Customers can also download the YONO app on their mobiles to open a savings bank account instead of visiting a bank branch. Also, to open an instant digital savings bank account with SBI, only PAN and Aadhar numbers are required.
It is possible to open an account online in the State Bank of India (SBI) with the facility of zero balance. The largest Indian commercial bank has made it possible to open a zero-balance SBI savings account as SBI allows its customers to maintain a minimum balance in their savings bank account. To open an SBI online account, you need to log on to the official website of SBI – onlinesbi.com – and fill up the online application for opening a small and basic savings bank account.
The customer has to apply online or offline for an SBI savings account. To open SBI savings account offline, you need to fill out the application form and visit the branch and submit the documents.
Documents Required for Online Account Opening in SBI
To open a savings account with the State Bank of India, you need to provide at least one identity proof and at least one address proof. Here are the accepted documents to open an online savings account with SBI.
- Voter ID card
- PAN Card
- Govt./Defense ID card
- ID cards of reputed employers
- Driving License
- Credit Card Statement
- Salary slip
- Income/Wealth Tax Assessment Order
- Electricity Bill
- Telephone Bill
- Bank account statement
- Letter from reputed employer
- Letter from any recognized public authority
- Ration Card
Eligibility for State Bank of India Savings Account
Customers need to follow certain parameters to be able to open a savings account with SBI.
- Any Indian citizen
- A minor can submit information for opening a savings bank account online provided he/she is above 10 years of age and can sign uniformly.
- Applicant must have a valid identity and address proof approved by the government
Open SBI Account Online Using SBI Online Portal
Step 1: To open an SBI online account first of all visit the official website of SBI https://www.onlinesbi.com/.
Step 2: Select Apply for SB/ Current Account > Saving Bank Account > for Resident Individuals > Small SB account
Step 3: After the 6th point, click on “Start Now”, and select “Fill Customer Information System”
Step 4: Fill in your personal details like name, address, PAN, KYC documents and Aadhaar
Step 5: Click on “Proceed” after making a selection by filling in all the mandatory fields.
Step 6: After this, a Short Customer Reference Number (SCRN) will be generated which you will have to note down. You need to use the SCRN later to add the customer to the account opening form
Step 7: Next, you need to be taken to the “Account Information Section”.
Step 8: Here, first of all, you need to enter the SCRN, Mobile Number, and Branch Code (use branch locator to find the branch where you want to open the account)
Step 9: Further, fill in the additional mode of operation and select add-ons like e-statement, mobile banking, credit card, ATM/debit card, etc.
Step 10: Also, make sure that you add the nomination by selecting “I/We wish to nominate the person as per the details given below in this account in Form DA-1”.
Step 11: Click on “Proceed”
Step 12: After filling it you can come back to step 3 and select “Print Account Opening Form”.
Step 13: Enter your SARN, and date of birth and click on proceed to download your form
Step 14: Once downloaded, you need to take a printout using A4 paper
Step 15: Next, take the printout taken along with your two recent photographs and documents (mentioned below) and visit the nearest branch
Step 16: Once your documents are verified and approved, your SBI Savings Bank account will be activated in 3 to 5 days.
How to Open SBI Savings Account Offline
To open a savings account in any SBI branch, you need to follow the steps mentioned below:
Step 1: Make sure that you carry with you identification proof (preferably your PAN Card), address proof (preferably your Aadhaar card), and two passport-size photographs.
Step 2: After reaching the branch, ask the clerk if you want to open a savings account. The clerk will give you the application form.
Step 3: Fill out the savings account application form with the required details and attach the photographs on the form where required.
Step 4: After duly filling the form and signing it, submit the savings account application form along with necessary documents and required money (in case of minimum balance account) to the clerk.
Step 5: Your account will be functioning within a week or so, and the bank will inform you about it through a call/SMS/email.
State Bank of India Savings Account Welcome Kit & Features
Once you open a savings account with SBI, you will receive certain essentials from the bank at your registered address, as a part of your welcome kit from the bank. If you have opted for Debit Card then you will get it separately.
- SBI ATM Debit Card + ATM Card
- Cheque Book
Features of SBI:
- Interest Rate: 2.70% p.a. (Effective 31.05.2020)
- mobile banking
- SMS Alerts
- Internet banking
- Yono app access
- SBI Quick Missed Call Facility
- Restricted free withdrawals based on a monthly average balance
- Facility for transfer of accounts through internet banking channel
- Monthly Average Balance: Nil
- no maximum balance limit
- Free Consolidated Account Statement
- In a financial year, the first 10 checks are leaf free, followed by 10 leaf checkbooks at Rs 40 + GST and 25 leaf checkbooks at Rs 75 + GST.