State Bank of India is an Indian multinational, public sector banking and financial services company. It is a government-owned corporation with its headquarters in Mumbai, Maharashtra.

About the SBI Saving Account

SBI provides a range of financial products including the SBI Savings Account. The savings account has a variety of benefits and services. The most attractive features are that the savings account does not require a minimum balance and provides ATM/Debit card, net banking and mobile banking facilities.


Interest Rate of the Saving Account : 4% p.a.

Key Benefits

Internet Banking, Mobile Banking, Kiosk Banking
Transfer accounts to any SBI Branch without changing the account number
Passbook issued free of charge
Multicity cheques
Safe Deposit lockers
Nomination facility
Personal Accident Insurance available at a nominal premium
No inter core charges for transfer transactions
Multiple variants of ATM/Debit Cards like Gold Card, International ATM/Debit Card, etc.
Can be linked to Multi Option Deposit (MOD) Account


Required Document :

Print out the Account Opening Form (AOF)
Proof of identity and address (Passport, Voter’s ID, Driving Licence, Aadhar card, NREGA card, PAN card)
2 recent passport-size coloured photographs
In the case of minors below the age of 10, ID proof of the person who will operate the account is required. If the minor can operate the account independently, the regular procedure will be applicable.