Key facts
What the official sources publish
Every value below belongs to this exact product. Select a source marker to check its context.
Account typeRelaxed-KYC Basic Savings Bank Deposit Small Account, convertible to a regular savings or BSBD account after full KYC
Source 1EligibilityIndividuals above 18 without officially valid KYC documents; regular savings-account eligibility otherwise applies, with single, joint and listed survivor modes
Source 2Relaxed KYC evidenceSelf-attested photograph plus signature or thumb impression affixed before the SBI officer authorised to approve account opening
Source 3Branch availabilityAll SBI branches except PBB, SPB, MCG, CAG and other specialised branches listed by SBI
Source 4Minimum balanceNil
Source 5Maximum balance₹50,000 at any time
Source 6Monthly withdrawals and transfersAggregate must not exceed ₹10,000 in a month
Source 7Annual creditsAggregate credits must not exceed ₹1,00,000 in a financial year
Source 8Monthly debit countMaximum four withdrawals per month across ATMs and every other listed debit mode; no further customer debits are allowed that month
Source 9Foreign remittancesCannot be credited until identity is fully established using officially valid documents
Source 10Relaxed-KYC operating periodInitial 12 months, extendable by another 12 months if evidence of applying for an officially valid document is provided within the first 12 months
Source 11Conversion after full KYCHome branch can manually convert it to a regular Savings Bank Account or BSBDA at the customer's option, retaining the same account number
Source 12Savings interest rate2.50% p.a. across all account balancesEffective 15 Jun 2025
Source 13Card and listed free servicesBasic RuPay ATM-cum-debit card is free with no annual maintenance charge; NEFT/RTGS receipts, government-cheque collection and account closure are free
Source 14Benefits and features
- Relaxed KYC for adults without officially valid documents
- Nil minimum balance
- Free Basic RuPay card with no annual maintenance charge
- Same account number continues after full-KYC conversion
Eligibility
- The account is for an individual above 18 who does not have officially valid KYC documents; regular savings-account eligibility otherwise applies.
- Strict ₹50,000 balance, ₹10,000 monthly debit, ₹1 lakh annual credit and four-monthly-debit limits apply until full KYC.
- A second 12-month relaxed-KYC period requires timely evidence of applying for an officially valid document; after 24 months without full KYC, only closure is permitted.
- Foreign remittances cannot be credited before identity is fully established with officially valid documents.
Passing a listed condition does not mean the bank will approve an application.
Documents the bank lists
- Self-attested photograph
- Signature or thumb impression affixed before the SBI officer authorised to approve account opening
- For extended operation beyond the initial 12 months: evidence of having applied for an officially valid document within 12 months of opening