For all the clients that desire to save money for their near or far future and receive a substantial interest on their deposits, opening a Savings Account in State Bank of India is perhaps their best choice. Having near about 9,000 branches all over India, the consumers might be able to choose to open SBI savings account nearest to them and relish the suitability that they may get having a savings account.
Eligibility Criteria for Opening a Savings Account in SBI
To be entitled to open an SBI savings account, the customers require meeting a few criteria that are:
You need to be a Citizen of India
You must be above 18 years of age
If you are a minor, parents or any legal guardian of the minor might be able to open an account on the minor’s behalf.
For the candidate, it is necessary to possess a legal identity proof and address proof that has been approved by the Indian Government.
After the bank provides you an approval, the candidate will need to make a primary deposit – according to the minimum balance necessity of that specific savings account the customer has selected.
SBI Savings Account – Documents Required
To be entitled to opening a Savings Account in SBI, the candidates need to submit the below-stated documents together with the account opening form provided to you by the bank.
Identity Proof – The proofs of identity might be your Driving License, Passport, Voter ID, AADHAAR Card etc. Since a majority of people now have an AADHAAR Card, even if they have misplaced it, they can visit the AADHAAR Card Download link and get it from there.
Address Proof – The proofs of address might be your Driving License, Passport, AADHAAR Card, Voter ID etc.
If you don’t have a PAN Card, a Form 16 needs to be filled and affixed with the account opening form
Passport Size Photographs – 2 (Latest)
Procedure to Open an SBI Savings Account
The steps that have been mentioned below have to be followed so as to open an SNI Savings Account:
Visit a nearby SBI Branch and ask the Bank Executive for an Account Opening Form.
In the form, you have to fill in all the details required in both the parts.
Form Number 1 – You need to fill the Name, Postal Address, Signature, and the remaining assets and details.
Form Number 2 – The candidate needs to fill part number 2 of the form, in case they don’t possess a PAN card.
Make sure that all the entries are correct to your knowledge. The particulars stated in the application form must match with those which have been stated in the documents provided or submitted for KYC.
The candidate will then require making a primary deposit of Rs.1,000.
The moment the bank finalizes the entire verification procedure, the account holder is going to be provided with a FREE checkbook and passbook.
At the same time, candidates may also submit the form for availing internet banking.