Key facts
What the official sources publish
Every value below belongs to this exact product. Select a source marker to check its context.
Account typeBasic Savings Bank Deposit Account
Source 1Minimum balanceNil
Source 2Maximum balanceNo upper limit
Source 3Savings interest rate2.50% p.a. across all account balancesEffective 15 Jun 2025
Source 4Cheque-book facilityNot available
Source 5Withdrawal channelsWithdrawal form at SBI branches or ATM only
Source 6Debit cardBasic RuPay ATM-cum-debit card free, with no annual maintenance charge
Source 7Eligibility and operating modesAny individual with valid KYC documents; single, joint and listed survivor modes are permitted
Source 8Other savings-account restrictionCustomer cannot keep another savings bank account; an existing savings account must be closed within 30 days after opening this BSBDA
Source 9Free cash withdrawalsMaximum four free cash withdrawals per month, including own- and other-bank ATM withdrawals, branch cash withdrawals and AEPS cash transactions
Source 10Other no-charge servicesElectronic receipts through NEFT or RTGS, government-cheque deposit or collection, activation of an inoperative account and account closure are free
Source 11Benefits and features
- Nil minimum balance and no upper balance limit
- Free Basic RuPay card with no annual maintenance charge
- Specified electronic receipts and account services are free
Eligibility
- An individual must provide valid KYC documents.
- Single, joint and the listed survivor operating modes are available.
- A holder cannot retain another savings bank account and must close an existing one within 30 days after opening this BSBDA.
- This product has no cheque book and publishes narrower withdrawal channels than SBI's separately named branch-channel BSBDA.
Passing a listed condition does not mean the bank will approve an application.
Documents the bank lists
- Valid KYC documents