State Bank Of India 0 Balance Account

[payal]

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I want to apply to open zero balance account in State Bank Of India SBI so can you provide me the details regarding this?

[shikha]

The State Bank Of India SBI offer Basic Savings Bankdeposit Account ( BSBD Account )

Basic Savings Bankdeposit Account

This account can be opened by any individual provided he/she has valid KYC documents.

Primarily meant for poorer sections of society to encourage them to start saving without any burden of charges or fees.

Mode of Operation

Singly, jointly, or with Either or Survivor, Former or Survivor, anyone or Survivor etc. facility.

Available at- All branches

Minimum balance amount-
NIL

Maximum balance /amount-
No upper limit

Operations in the Account-

Using withdrawal forms at Branches or through ATMs.
Basic RuPayATM-cum-debit card will be issued

Service Charges-

Basic RuPay ATM-cum-Debit card will be issued free of cost and no annual maintenance charge will be applied.

Receipt/ credit of money through electronic payment channels like NEFT/RTGS will be free

Deposit/ collection of cheques drawn by Central/State Government will be free

No charge on activation of inoperative accounts

No account closure charges.

Most Important Terms & Conditions

The Customer cannot have any other Savings Bank Account, if he/she has a Basic Savings Bank Deposit Account.

If the customer already has a Savings Bank Account, the same will have to be closed within 30 days of opening a Basic Savings Bank Deposit Account.

Maximum 4 withdrawals in a month, including ATM withdrawals at own and other Bank's ATMs and transactions through other mode including RTGS/NEFT/Clearing/Branch cash withdrawal/transfer/internet debits/standing instructions/EMI, etc. No further customer debits would be allowed during the month.

Contact-

Toll free number: 1800 11 2211
Toll free number: 1800 425 3800
Toll number: 080-26599990