Skip to content
StudyToper
  • Home
  • Latest Update
  • latest govt jobs
  • Results
  • Admission
  • Admit Card
  • Answer key
  • Syllabus
Do you also have an SBI account? Know why you can be happy! – StudyToper

Do you also have an SBI account? Know why you can be happy! – StudyToper

December 14, 2024 by Rahul NK


India’s largest bank State Bank of India (SBI) has announced many new features and benefits for its customers. SBI account holders are going to benefit a lot from these new benefits. If you also have an account in SBI, then you can take advantage of these new facilities.

SBI has recently offered a variety of accounts to its customers, each of which has its own unique features. Many facilities are being provided to the customers in these accounts absolutely free of cost. Additionally, the bank has also introduced some new benefits for its existing customers.

Let us know in detail about these new benefits and facilities available to SBI account holders. In this article, we will tell you what benefits you can get by opening different types of accounts and how you can take full advantage of these facilities.

Table of Contents

Toggle
  • Overview of new features for SBI account holders
  • Different types of SBI accounts and their benefits
    • 1. Basic Savings Bank Deposit Account
    • 2. Basic Savings Bank Deposit Small Account
    • 3. Regular Savings Bank Account
    • 4. SBI Salary Account
    • 5. SBI NRI Account
  • Other facilities available in SBI accounts
    • digital banking facilities
    • Insurance and investment facilities
    • loan facilities

Overview of new features for SBI account holders

Facility Description
zero balance account There is no need to maintain minimum balance in some accounts
Free ATM Transactions A certain number of free ATM transactions per month
online banking Free facility of internet and mobile banking
insurance cover Free accident insurance cover on certain accounts
discount on loan Exemption in processing fees on some loans
debit card Free debit card on certain accounts
Cheque Book A certain number of free check leaves annually
NEFT/RTGS Fee waiver on online NEFT/RTGS transfer

Different types of SBI accounts and their benefits

1. Basic Savings Bank Deposit Account

This is the most basic account of SBI which is available to everyone. Key features of this account are:

  • Zero Balance: There is no need to maintain any minimum balance in this account.
  • Free ATM card: The basic Rupay ATM-cum-debit card is offered free of cost.
  • Transaction Limit: Free up to 4 withdrawals a month, thereafter charges will apply.
  • No limit on deposit amount: You can deposit any amount in this account.
See also  KVS PRT Syllabus 2025, KVS Primary Teacher Course PDF

This account is very beneficial especially for low income people. However, check book facility is not available in it.

2. Basic Savings Bank Deposit Small Account

This account is for those who do not have KYC documents. Its main points are:

  • Open without KYC: Can be opened only with photo and signature.
  • Balance Limit: Maximum balance can be maintained up to ₹50,000 only.
  • Transaction limit: Total transactions can be done up to ₹1 lakh in a year.
  • Validity: This account is valid for 12 months, which can later be converted into a regular account by doing KYC.

This account is good for those who are new to the banking system or do not have identity documents.

3. Regular Savings Bank Account

This is the most popular account of SBI which most of the people open. Its advantages are:

  • Digital Banking: Facility of Mobile Banking, Internet Banking, YONO App.
  • ATM Card: Free debit card that can be used anywhere.
  • Checkbook: Get 10 free check leaves every year.
  • SMS Alert: Information about all transactions is received through SMS.
  • NEFT/RTGS: No charges for online money transfer.

In this account you have to maintain a minimum balance which may vary depending on the location.

4. SBI Salary Account

This is a special account of SBI for employed people. The benefits available in this are:

  • Zero Balance: No minimum balance has to be maintained.
  • Overdraft: Overdraft up to 2 months salary can be available.
  • Free ATM Transactions: No charges for withdrawing money from any bank’s ATM.
  • Insurance Cover: Air accident insurance cover up to ₹30 lakh.
  • Loan discounts: Up to 50% discount on processing fees on home loans, car loans, personal loans.
See also  South Western Railway Scouts Guide Coat Recruitment 2024 Apply for Multiple Vacancies

To open a salary account, your company must have a tie-up with SBI.

5. SBI NRI Account

This is a special account of SBI for Indians living abroad. Its features are:

  • Multi-Currency Card: Facilitates transactions in foreign currency.
  • Remittance: Low fees for sending money to India.
  • Tax Saving: No tax on funds deposited in NRE account.
  • Opening an online account: You can open an online account from abroad only.

NRI people can open NRE, NRO or FCNR account as per their need.

Other facilities available in SBI accounts

digital banking facilities

SBI offers a variety of digital banking facilities to all its customers:

  • YONO App: Shopping, bill payments, loans and investments all in one app.
  • Internet Banking: Keep a complete account of your account sitting at home.
  • UPI: Send or receive money to anyone instantly.
  • SBI Quick: Check balance by giving a missed call.

With these facilities you can use your account 24×7.

Insurance and investment facilities

SBI also offers many insurance and investment options to its customers:

  • Term Insurance: More cover at lower premium.
  • Health Insurance: Medical cover for the family.
  • Mutual Funds: For long term investments.
  • FD and RD: Fixed and recurring deposits for safe investment.

By taking advantage of these facilities you can secure your future.

See also  Patanjali Electric Scooter in 2025: ₹ 14,000 will be available for 440km range Patanjali Electric Scooter - StudyToper

loan facilities

SBI also offers many types of loans to its customers:

  • Home Loan: To buy a house at a low interest rate.
  • Car Loan: Loan in easy installments to buy a new car.
  • Personal Loan: Loan without guarantee for any need.
  • Education Loan: Loan at low interest for studies.

SBI customers get many types of discounts and benefits on these loans.

Disclaimer: This article provides information about new features and benefits available to SBI account holders. All information is correct and up to date, but please confirm with the bank’s official website or branch before applying for any scheme or benefit. Make sure you understand all the terms and conditions. Consult your financial advisor before investing in any type of financial plan.

Rate this post
Categories government schemes, Govt schemes, LATEST UPDATE Tags account, Happy, SBI, state Bank of India, studytoper.in
CTET 14 December Answer Key 2024 for both papers released by Studytoper
Fluid Control Research Institute Recruitment 2024 Apply Now for Personnel Officer Post
Rahul NK

I am passionate writer with over five years of experience covering the latest job updates, educational content, news, and insightful blogs aimed at empowering readers with valuable information.

Contact Us
Sharing Is Caring:

Latest Posts

  • India Post GDS 4th Merit List 2025India Post GDS 4th Merit List 2025
  • NTA NEET UG 2024 Result | Download NEET Entrance Exam ResultNTA NEET UG 2024 Result | Download NEET Entrance Exam Result
  • DFCCIL Admit Card 2025, Hall Ticket Download LinkDFCCIL Admit Card 2025, Hall Ticket Download Link
  • WBMSC Deputy Assistant Engineer Recruitment 2025, Apply online for 125 postsWBMSC Deputy Assistant Engineer Recruitment 2025, Apply online for 125 posts
  • PSPCL Answer Key 2025, Direct link to Download to PSPCL.INPSPCL Answer Key 2025, Direct link to Download to PSPCL.IN
  • MP B.Ed Admission 2025, Madhya Pradesh B.Ed Admission 2025 Application and Counseling Process released for second phaseMP B.Ed Admission 2025, Madhya Pradesh B.Ed Admission 2025 Application and Counseling Process released for second phase
  • IGCAR JRF Recruitment 2025, Apply online for 75 postsIGCAR JRF Recruitment 2025, Apply online for 75 posts
  • KDMC JE Syllabus 2025, Download Free PDFKDMC JE Syllabus 2025, Download Free PDF
  • RPSC AE Exam Date 2025 out, check the full exam schedule for 1014 postsRPSC AE Exam Date 2025 out, check the full exam schedule for 1014 posts
  • NIELIT SCIENCE ACTUST ACTIST CITY INTIMATION Slip 2025, see full detailsNIELIT SCIENCE ACTUST ACTIST CITY INTIMATION Slip 2025, see full details
studytoper logo

This Blog is related to Sarkari Jobs Alert, Education News, Study Related Materials, Reviews, WordPress, Make Money Online, News and Technology e

Categories

  • Latest Updates
  • Educational News
  • Latest Jobs
  • Admit Card
  • Syllabus
  • Admission

Quick Links

  • MPPSC
  • UPSC
  • ESB
  • SSC
  • RAILWAY
  • Banking

Useful Links

  • About Us
  • Contact Us
  • Privacy Policy
  • Term & Conditions
  • DMCA
©2022-2024 StudyToper