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Savings, current & salary accounts

SBI Basic Saving Bank Deposit Account — Branch Channel

SBI's branch-channel basic savings account with nil balance requirements, unrestricted deposits, a free annual cheque book and specified no-charge basic services.

Savings interest rate2.50% p.a. across all account balancesMinimum and average balanceNil minimum balance and nil monthly average balanceDebit cardBasic RuPay ATM-cum-debit card free, with no annual maintenance charge, for eligible customers
Official product page ↗Compare category
✓ Manually checked 12 Aug 2026 · active
Offered byState Bank of India

Available at all SBI branches in India, subject to KYC and account-opening checks

Key facts

What the official sources publish

Every value below belongs to this exact product. Select a source marker to check its context.

Account type and product codeBasic Saving Bank Deposit account — Branch Channel, product code 1011-1701
Source 1
Minimum and average balanceNil minimum balance and nil monthly average balance
Source 2
Maximum balanceNo upper limit
Source 3
Savings interest rate2.50% p.a. across all account balancesEffective 15 Jun 2025
Source 4
Cheque bookOne 25-leaf cheque book free each year for eligible account holders
Source 5
Debit cardBasic RuPay ATM-cum-debit card free, with no annual maintenance charge, for eligible customers
Source 6
Deposit frequency and valueNo monthly limit on the number or value of deposits
Source 7
Digital bankingDigital banking is available, including login and registration onboarding on YONO
Source 8
Eligibility and operating modesAny individual with valid KYC documents and no existing BSBD account; single, joint and listed survivor modes are permitted
Source 9
One-BSBD declarationHolder cannot have another BSBD account at SBI or another bank and must declare that none exists before opening or conversion
Source 10
Free withdrawalsAt least four free withdrawals per month, counting transfers and own- or other-bank ATM transactions; POS, NEFT, RTGS, UPI, IMPS and other non-ATM digital payments are excluded from that count
Source 11
Other no-charge servicesGovernment-cheque deposit or collection, activation of an inoperative account and account closure are free
Source 12

Benefits and features

  • Nil minimum balance and no upper balance limit
  • One free 25-leaf cheque book each year for eligible holders
  • Free Basic RuPay card with no annual maintenance charge
  • Specified digital payments do not consume the published free-withdrawal allowance

Eligibility

  • An individual must provide valid KYC documents and cannot already hold a BSBD account at SBI or another bank.
  • SBI requires a declaration that no other BSBD account exists before opening this account or converting an existing savings account.
  • Single, joint and the listed survivor operating modes are available.
  • The page states only a minimum free-withdrawal allowance; confirm any later-withdrawal charge with SBI before transacting.

Passing a listed condition does not mean the bank will approve an application.

Documents the bank lists

  • Valid KYC documents
  • Declaration that the customer has no BSBD account at any bank

Field-level evidence

Where each fact came from

Short context only; open the official page or document for the complete terms.

1

Account type and product code

high confidence
SBI identifies the branch-channel BSBD account and publishes its product code as 1011-1701.
Source
SBI Basic Saving Bank Deposit Account — Branch Channel
Page / section
Product introduction
Accessed
12 Aug 2026
Open official source ↗
2

Minimum and average balance

high confidence
The Features tab states both nil MAB and nil minimum balance.
Source
SBI Basic Saving Bank Deposit Account — Branch Channel
Page / section
Features
Accessed
12 Aug 2026
Open official source ↗
3

Maximum balance

high confidence
The Features tab states that there is no upper balance or amount limit.
Source
SBI Basic Saving Bank Deposit Account — Branch Channel
Page / section
Features
Accessed
12 Aug 2026
Open official source ↗
4

Savings interest rate

high confidence
SBI's official savings-deposit rate table publishes 2.50% p.a. across all balances, effective 15 June 2025.
Source
Savings Bank Deposits interest rates
Page / section
Savings Bank Deposits table
Accessed
12 Aug 2026
Open official source ↗
5

Cheque book

high confidence
This cheque-book entitlement is stated only for eligible branch-channel BSBD holders and is not projected onto the separate general BSBDA page.
Source
SBI Basic Saving Bank Deposit Account — Branch Channel
Page / section
Features
Accessed
12 Aug 2026
Open official source ↗
6

Debit card

high confidence
SBI says eligible customers receive the Basic RuPay card free and pay no annual maintenance charge.
Source
SBI Basic Saving Bank Deposit Account — Branch Channel
Page / section
Features and Service Charges
Accessed
12 Aug 2026
Open official source ↗
7

Deposit frequency and value

high confidence
The Features tab states that neither deposit count nor deposit value is capped per month.
Source
SBI Basic Saving Bank Deposit Account — Branch Channel
Page / section
Features
Accessed
12 Aug 2026
Open official source ↗
8

Digital banking

high confidence
SBI specifically publishes YONO login and registration onboarding for this branch-channel product.
Source
SBI Basic Saving Bank Deposit Account — Branch Channel
Page / section
Features
Accessed
12 Aug 2026
Open official source ↗
9

Eligibility and operating modes

high confidence
The page permits individuals with valid KYC and lists single, joint and survivor operating modes, while excluding a holder of another BSBD account.
Source
SBI Basic Saving Bank Deposit Account — Branch Channel
Page / section
Eligibility and KYC requirement
Accessed
12 Aug 2026
Open official source ↗
10

One-BSBD declaration

high confidence
SBI requires the declaration before opening a new BSBD account or converting an existing savings account.
Source
SBI Basic Saving Bank Deposit Account — Branch Channel
Page / section
Terms & Conditions
Accessed
12 Aug 2026
Open official source ↗
11

Free withdrawals

high confidence
The April 2026 page says a minimum of four withdrawals are free and expressly excludes the listed digital transactions from the withdrawal count; it does not publish the charge after the free allowance.
Source
SBI Basic Saving Bank Deposit Account — Branch Channel
Page / section
Service Charges
Accessed
12 Aug 2026
Open official source ↗
12

Other no-charge services

high confidence
The Service Charges tab lists these three services as free or without charge.
Source
SBI Basic Saving Bank Deposit Account — Branch Channel
Page / section
Service Charges
Accessed
12 Aug 2026
Open official source ↗

Related official documents

Savings Bank Deposits interest ratesofficial-rate-table · current · accessed 11 Aug 2026
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