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June 14th, 2016, 07:54 AM
Super Moderator
 
Join Date: Mar 2012
Re: State Bank of Hyderabad Minimum Balance

Friend I would like to tell you that You need to maintain a minimum balance in the account, as listed in the table: (Amount in Rupees)

TYPE RURAL NON-RURAL
Nature of account CHEQUE NON-CHEQUE CHEQUE NON-CHEQUE
Public -Individual 1,000 500 2,500 1,000
Public Others 1,000 500 2,500 1,000
Staff Individual 1 1 1 1
Pensioners 250 125 500 250

Facilities Offer:

Nomination
Single and Joint accounts
Services such as payments to LIC and house rent at nominal costs
Free account transfer facility between branches
Half-yearly payment of interest @ 4.00 w.e.f 03-05-2011

You are required to furnish the following as per Know Your Customer norms.

Three recent passport size photographs
Introduction from an existing account holder / person known to the Bank (account holder with minimum six months standing)
Further to verify the identity and authenticity of the address you need to furnish one or more of each of the following list of documents.

List-1 (For verification of Identity)
Passport
Election ID card
PAN Card
Government Defence ID Card
ID Cards of reputed employers
Driving License

List-2 (For verification of Address)
Credit Card Statement
Salary Slip / Letter from the Employer subject to satisfaction of the Bank
Income / Wealth Tax assessment order
Electricity Bill
Telephone Bill
Property Tax Bill


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