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No Minimum balance require for Account open.SBI
Posted Date:-1/11/2019 5:57:01 PM


The largest bank in India, by the State Bank of India (SBI), provides the facility of Basic Savings Bank Deposit Account, which does not require any minimum balance. According to SBI, the account can be opened by individual subject to valid KYC documents.This account is mainly for the poorest sections of the society, which is to encourage them to begin saving without charge or fee, SBI said.

The facility of opening a basic savings bank deposit account is available in all the branches of State Bank of India. Customers of basic savings bank deposit account can withdraw money in Indian State Bank branches or through SBI ATMs using the withdrawal form. For all customers, a basic form of ATM-cum-debit card will be issued on successful completion of KYC formalities.


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