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 structureSavings bank account linked to Multi Option Deposit Scheme (MODS) term depositsView source
describes Savings Plus as a savings account whose surplus automatically moves into linked term deposits.
- Source
- Savings Plus Account
- Page / section
- Product introduction
- Accessed
- 12 Aug 2026
- Confidence
- high
Monthly average balanceNilView source
The Features tab publishes a nil monthly average balance.
- Source
- Savings Plus Account
- Page / section
- Features
- Accessed
- 12 Aug 2026
- Confidence
- high
Maximum balanceNo limitView source
The Features tab states that there is no maximum balance limit.
- Source
- Savings Plus Account
- Page / section
- Features
- Accessed
- 12 Aug 2026
- Confidence
- high
Savings-balance interest rate2.50% p.a. across all account balancesEffective 15 Jun 2025View source
official savings-deposit rate table publishes 2.50% p.a. across all balances, effective 15 June 2025; swept balances use term-deposit rates instead.
- Source
- Savings Bank Deposits interest rates
- Page / section
- Savings Bank Deposits table
- Accessed
- 12 Aug 2026
- Confidence
- high
Auto-sweep threshold₹50,000; a completed sweep leaves at least ₹35,000 in savingsView source
separately publishes the ₹50,000 trigger and ₹35,000 minimum resultant savings balance.
- Source
- Savings Plus Account
- Page / section
- Terms & Conditions
- Accessed
- 12 Aug 2026
- Confidence
- high
Minimum sweep deposit₹15,000, then in multiples of ₹5,000View source
The linked /is first issued for at least ₹15,000 and later amounts move in ₹5,000 multiples.
- Source
- Savings Plus Account
- Page / section
- Features and Terms & Conditions
- Accessed
- 12 Aug 2026
- Confidence
- high
MOD deposit tenure1 to 5 yearsView source
publishes a one-to-five-year period for linked deposits.
- Source
- Savings Plus Account
- Page / section
- Features
- Accessed
- 12 Aug 2026
- Confidence
- high
Current standard MOD tenure ratesGeneral-public retail card rates below ₹3 crore: 1 to under 2 years 6.25% p.a.; 2 to under 3 years 6.40%; 3 to under 5 years 6.30%; 5 years 6.05%Effective 15 Dec 2025View source
These are the standard general-public card-rate buckets overlapping the product's published 1–5 year tenure. The actual deposit earns the rate applicable to its exact creation date, tenor and customer category; special-tenor schemes are not assumed.
- Source
- Retail Domestic Term Deposit Rates
- Page / section
- Below ₹3 crore standard retail term-deposit table
- Accessed
- 12 Aug 2026
- Confidence
- high
Reverse-sweep unit₹5,000 and multiples; when a TDR/
publishes both the ₹5,000 reverse-sweep unit and the full-reversal rule at ₹15,000 outstanding.
- Source
- Savings Plus Account
- Page / section
- Terms & Conditions
- Accessed
- 12 Aug 2026
- Confidence
- high
Deposit-break orderCustomer may choose FIFO or LIFO; LIFO applies if no mandate is givenView source
The page offers First In First Out or Last In First Out and makes the default absent instructions.
- Source
- Savings Plus Account
- Page / section
- Terms & Conditions
- Accessed
- 12 Aug 2026
- Confidence
- high
Cheque leaves10 free leaves per year; later leaves are chargedView source
The page does not state the later cheque-leaf price, so that changing charge is not inferred.
- Source
- Savings Plus Account
- Page / section
- Features
- Accessed
- 12 Aug 2026
- Confidence
- high
Eligibility and operationIndividuals with valid KYC documents; single, joint and listed survivor modes are permittedView source
requires valid and lists single, joint and survivor operating modes.
- Source
- Savings Plus Account
- Page / section
- Eligibility
- Accessed
- 12 Aug 2026
- Confidence
- high
Channels and MOD loanATM card, State Bank Anywhere, mobile banking, internet banking, SMS alerts and account transfer through internet banking; loan against MOD deposits is availableView source
The Features tab lists these channels and states that loans against deposits are available without publishing loan pricing or approval terms.
- Source
- Savings Plus Account
- Page / section
- Features
- Accessed
- 12 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
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
Debit cardATM card is included as a Savings Plus Account feature; the page does not identify a specific network or card fee.View source
The Features section explicitly lists ‘ card’ among Savings Plus facilities.
- Source
- Savings Plus 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
- Automatic transfer of surplus savings into term deposits
- Reverse sweep in defined units when savings funds are needed
- Nil monthly average balance and no maximum balance
- Digital banking channels and loan availability against deposits
Eligibility
- Individuals must provide valid documents; single, joint and listed survivor operating modes are available.
- The actual return depends on the exact deposit creation date, tenor, amount and customer category; confirm the current card rate before relying on a return.
- Choose FIFO or deliberately because applies when no mandate is recorded.
- Breaking a deposit can affect the interest ultimately paid under applicable term-deposit premature-withdrawal rules.
Passing a listed condition does not mean the bank will approve an application.
Documents the bank lists
- Valid documents
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
↗SBI Retail Domestic Term Deposit Ratesofficial-rate-table · current · accessed 12 Aug 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 Plus Accountofficial-product-page · current · accessed 29 Aug 2026
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