SBI (State Bank of India) provides a range of financial products including the SBI Savings Account. The savings account has a variety of benefits and services. It offers special features and benefits to employees of corporate, universities, colleges, schools, Government establishments, railways, police and defence personnel, etc

SBI Savings Account Interest Rates & Minimum Balance Required

Savings Account Interest Rate Minimum Balance Required

Savings Plus Account 4.00% INR 25,000

Yuva Savings Account 4.00% Not Required

Basic Savings Account 4.00% Not Required

Small Savings Account 4.00% Not Required

Savings Account for Minors 4.00% Not Required


Key Benefits of SBI Savings Account
• 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

Additional Benefits
• Mobile Banking provides a host of services like funds transfers; inter - bank mobile payment services (IMPS), enquiry and statements, cheque book request, utility bill payments, mobile recharges, and M-Commerce.

• Some of the facilities of Internet Banking are opening and closing fixed and recurring deposits, transferring funds (RGTS, NEFT and Western Union Money Transfer), paying utility bills, online shopping, viewing statements and Demat operations, e-Tax filing, and setting standing instructions.

• The ATM/Debit card can be used for balance enquiry, withdrawing money, paying insurance premium, shopping, donations and card-to-card transfers.

• If the savings account is linked to a Multi Option Deposit, in case there is a shortfall in the account to honour a cheque, there is an automatic break up of MOD to ensure the cheque doesn’t bounce. MOD can also be broken through ATM withdrawals.