Key facts
What the official sources publish
Every value below belongs to this exact product. Select a source marker to check its context.
Account typeSavings bank account
Source 1Monthly average balanceNil
Source 2Savings interest rate2.50% p.a. across all account balancesEffective 15 Jun 2025
Source 3Non-maintenance penaltyNo penalty; waived from 11 March 2020Effective 11 Mar 2020
Source 4Cheque leavesFirst 10 cheque leaves free each financial year; thereafter ₹40 + GST for 10 leaves or ₹75 + GST for 25 leaves
Source 5Listed access channelsMobile banking, SMS alerts, internet banking, YONO, State Bank Anywhere and SBI Quick
Source 6EligibilityIndividuals and specified eligible Central or State Government departments, bodies and agencies
Source 7Benefits and features
- No monthly average balance requirement
- Nomination facility is available
- Multiple mobile, internet and alert channels are listed
Eligibility
- Individuals may open the account subject to SBI requirements.
- The official page also lists specified Central and State Government departments, bodies and agencies as eligible.
- The page lists single, joint, either-or-survivor, former-or-survivor, anyone-or-survivor and survivor operating modes.
Passing a listed condition does not mean the bank will approve an application.