Key facts
What the official sources publish
Every value below belongs to this exact product. Select a source marker to check its context.
Account typeInsta Plus savings bank account opened through Video KYC
Source 1Opening channelPaperless YONO or SBI Video-KYC web journey; no branch visit required
Source 2Age, residence and literacyLiterate resident Indians above 18 years of age; the FAQ further describes customers born in India
Source 3Existing SBI relationshipOnly new-to-bank customers without an SBI CIF or active SBI relationship are eligible
Source 4Mode of operationSingle only
Source 5Identity requirementsOriginal physical PAN and Aadhaar number are mandatory; Aadhaar must show the current address and its registered mobile must be available for OTP
Source 6Physical-presence requirementCustomer must be physically present in India throughout the complete opening process
Source 7Savings interest rate2.50% p.a. across all account balancesEffective 15 Jun 2025
Source 8Debit cardRuPay Classic card issued
Source 9Transfer and access channelsNEFT, IMPS and UPI through YONO or OnlineSBI; YONO, internet banking and mobile banking access, plus SMS alerts and SBI Quick
Source 10NominationMandatory during opening
Source 11Cheque book and passbookCheque book can be requested through YONO, internet banking or branch after successful opening; passbook is issued on request
Source 12Video-call timingSlots are offered for the next three working days; calls run only during office hours on working days and must be completed within five days of token generation
Source 13Debit activationAccount opens after Video KYC and is activated for debit transactions only after verification by SBI officials
Source 14Service-charge basisOther services follow the current charges applicable to SBI's regular savings bank account; SBI's savings-account non-maintenance penalty has been waived since 11 March 2020Effective 11 Mar 2020
Source 15Benefits and features
- Paperless opening without a branch visit
- RuPay Classic debit card and digital transfer access
- Cheque book and passbook facilities after opening
- Application can be resumed if interrupted
Eligibility
- Only a new-to-SBI customer without an existing CIF or active SBI relationship is eligible.
- The account permits one adult holder and single operation only; nomination is mandatory.
- Keep the Aadhaar-registered mobile available even if using a different contact number, and remain physically present in India throughout the opening journey.
- A booked Video-KYC call is not inbound: resume the application in YONO at the scheduled slot to start it.
Passing a listed condition does not mean the bank will approve an application.
Documents the bank lists
- Original physical PAN card
- Aadhaar number showing the customer's current address
- Access to the mobile number registered with Aadhaar for OTP