Key facts
What the official sources publish
Every value belongs to this exact product. Expand any fact to inspect its official evidence in place.
Account typeSavings bank accountView source
identifies this product as its Savings Bank Account.
- Source
- Savings Bank Account
- Page / section
- Features
- Accessed
- 11 Aug 2026
- Confidence
- high
Monthly average balanceNilView source
The Features section states that the Monthly Average Balance is NIL.
- Source
- Savings Bank Account
- Page / section
- Features
- Accessed
- 11 Aug 2026
- Confidence
- high
Interest rate2.50% p.a. across all savings-bank account balances, effective 15 June 2025Effective 15 Jun 2025View source
official table has one row: ‘Across all account Balances — 2.50% p.a.’ and states that it applies from 15 June 2025.
- Source
- Savings Bank Deposits — Interest Rates
- Page / section
- Savings Bank Deposits table — Applicable Interest Rates w.e.f. 15 June 2025
- Accessed
- 29 Aug 2026
- Confidence
- high
Non-maintenance penaltyNo penalty; waived from 11 March 2020Effective 11 Mar 2020View source
states that the penalty for non-maintenance of Average Monthly Balance in savings bank accounts has been waived from 11 March 2020.
- Source
- Revised service charges
- Page / section
- Average Monthly Balance notice
- Accessed
- 11 Aug 2026
- Confidence
- high
Cheque bookFirst 10 cheque leaves are free in a financial year; thereafter a 10-leaf book costs ₹40 + GST and a 25-leaf book costs ₹75 + GST.View source
lists the first 10 cheque leaves free per financial year, then ₹40 + for 10 leaves and ₹75 + for 25 leaves.
- Source
- Saving Bank Account
- Page / section
- Features — cheque-book charges
- Accessed
- 29 Aug 2026
- Confidence
- high
Listed access channelsMobile banking, SMS alerts, internet banking, YONO, State Bank Anywhere and SBI QuickView source
The Features section lists mobile banking, alerts, internet banking, , State Bank Anywhere and Quick among available services.
- Source
- Savings Bank Account
- Page / section
- Features
- Accessed
- 11 Aug 2026
- Confidence
- high
EligibilityIndividuals and specified eligible Central or State Government departments, bodies and agenciesView source
The Eligibility tab allows individuals and identifies categories of eligible government departments, bodies and agencies; accounts may use the listed single or joint operating modes.
- Source
- Savings Bank Account
- Page / section
- Eligibility
- Accessed
- 11 Aug 2026
- Confidence
- high
Salary requirementNot applicable: SBI describes this record as a savings, MACT or resident-foreign-currency account rather than a salary-package account; no salary-credit threshold applies to the product type.View source
personal catalogue identifies these products by savings/deposit or resident-FC account type, not as salary packages; salary-package variants are listed separately in the catalogue.
- Source
- personal savings and deposit account catalogue
- Page / section
- Savings Accounts, account and Resident Foreign Currency (Domestic) Account
- Accessed
- 29 Aug 2026
- Confidence
- high
ATM limitsFree withdrawals are restricted according to the Monthly Average Balance maintained; the page does not publish the tier limits on this product page.View source
The Features section says restricted free withdrawals are based on Monthly Average Balance maintained.
- Source
- Saving Bank Account
- Page / section
- Features
- Accessed
- 29 Aug 2026
- Confidence
- high
IMPS charges from 15 February 2026Online IMPS is free up to ₹25,000; above ₹25,000 to ₹1,00,000 costs ₹2 + GST, above ₹1,00,000 to ₹2,00,000 costs ₹6 + GST and above ₹2,00,000 to ₹5,00,000 costs ₹10 + GST. Branch-channel charges are free up to ₹1,000, then ₹2 + GST (₹1,000–₹10,000), ₹4 + GST (₹10,000–₹25,000), ₹4 + GST (₹25,000–₹1,00,000), ₹12 + GST (₹1,00,000–₹2,00,000) and ₹20 + GST (₹2,00,000–₹5,00,000).Effective 15 Feb 2026View source
The table publishes separate online and branch slabs; the online charge begins only above ₹25,000 and is stated for the non-free slabs.
- Source
- Revised Transaction Charges On Or After 15.02.2026 (Retail Customer)
- Page / section
- Annexure II — retail slab table
- Accessed
- 1 Sept 2026
- Confidence
- high
Benefits 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 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.
Related official documents
Revised IMPS Transaction Charges On Or After 15.02.2026 (Retail Customer)official-service-charge-document · current · accessed 1 Sept 2026
↗SBI personal savings and deposit account catalogueofficial-product-catalogue · current · accessed 29 Aug 2026
↗Revised service chargesofficial-service-charge-index · current · accessed 1 Sept 2026
↗SBI Savings Bank, Savings Plus and Insta Plus account pagesofficial-product-pages · current · accessed 29 Aug 2026
↗Savings Bank Deposits interest ratesofficial-rate-table · current · accessed 11 Aug 2026
↗SBI Savings Bank Accountofficial-product-page · current · accessed 29 Aug 2026
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