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Savings, current & salary accounts

Smart Current Account

A restricted collection current account with a ₹25,000 monthly average balance, no free cash-deposit allowance, and settlement to a main account.

Interest rateNo interest is payable on credit balances in a current account.Monthly average balance₹25,000Salary requirementNot applicable: SBI presents this as a business/current account for the stated tier, startup, escrow, RERA, collection, CSR, trade or interbank use; the account is not conditioned on a salary-credit threshold.
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Quick eligibility check

Smart Current Account

0 of 2 answered

Answer what you know. This guide compares your answers with the criteria published for this product; it is not an approval decision. Your answers stay on this device.

1Do you meet this requirement: This is a collection account with material debit and payment restrictions?

2Do you meet this requirement: nil free cash deposits does not mean cash deposits are prohibited?

0 of 2 answeredAnswer the remaining questions to see your checklist result.
✓ Manually checked 13 Aug 2026 · active
Offered byState Bank of India

India

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 typeRestricted collection current accountView source
The account accepts listed collection modes but does not allow cheque books, access, cash payments, debit mandates, bulk debits or customer-requested drafts.
Source
Smart Current Account
Page / section
Features, Benefits and Advantages
Accessed
13 Aug 2026
Confidence
high
Open official source ↗
Monthly average balance₹25,000View source
The page publishes a ₹25,000 .
Source
Smart Current Account
Page / section
Features
Accessed
13 Aug 2026
Confidence
high
Open official source ↗
Cash depositsNo free allowance; card-rate cash-deposit charges apply, with non-home branch deposits capped at ₹2 lakh per dayView source
The page says the free cash-deposit limit is nil rather than prohibiting deposits.
Source
Smart Current Account
Page / section
Features
Accessed
13 Aug 2026
Confidence
high
Open official source ↗
Non-maintenance charge₹500 + GST per month when the ₹25,000 MAB is not maintained.Effective 27 Sept 2021View source
The page publishes ₹25,000 and states charges for non-maintenance of minimum are ₹500 + per month.
Source
Smart Current Account
Page / section
Features, Benefits and Advantages; Charges
Accessed
29 Aug 2026
Confidence
high
Open official source ↗
Interest rateNo interest is payable on credit balances in a current account.View source
current-account terms expressly state: no interest is payable on credit balances in Current Accounts.
Source
Current Account — General Terms and Conditions
Page / section
Current Account — Interest on credit balances
Accessed
29 Aug 2026
Confidence
high
Open official source ↗
Salary requirementNot applicable: SBI presents this as a business/current account for the stated tier, startup, escrow, RERA, collection, CSR, trade or interbank use; the account is not conditioned on a salary-credit threshold.View source
business catalogue classifies these variants as current accounts and separately identifies salary-account products under Personal Banking; the reviewed business pages publish account-tier or business-use conditions rather than salary thresholds.
Source
business current-account catalogue
Page / section
Current Account, Premium Current Account and Value Based Current Accounts
Accessed
29 Aug 2026
Confidence
high
Open official source ↗
Cheque bookCheque book facility is not allowed.Effective 27 Sept 2021View source
The official page explicitly states: Cheque Book facility: Not allowed.
Source
Smart Current Account
Page / section
Features, Benefits and Advantages
Accessed
29 Aug 2026
Confidence
high
Open official source ↗
ATM limitsATM transactions are not allowed.Effective 27 Sept 2021View source
The official page explicitly states: : Not allowed.
Source
Smart Current Account
Page / section
Features, Benefits and Advantages
Accessed
29 Aug 2026
Confidence
high
Open official source ↗
Debit cardDebit card is not allowed for the Smart Collection Account.View source
explicitly lists Debit Card, Debit Mandate and Bulk Debit Transactions as not allowed.
Source
Smart Collection Account
Page / section
Features — Debit Card, Debit Mandate and Bulk Debit Transactions
Accessed
29 Aug 2026
Confidence
high
Open official source ↗
Other-bank ATM/ADWM chargesNo free other-bank ATM/ADWM transactions are published for current accounts; each cash withdrawal costs ₹23 + GST and each non-financial transaction costs ₹11 + GST. SBI says the reimbursement current account linked to a Salary Package remains free.Effective 1 Dec 2025View source
The current-account row lists NIL free transactions and ₹23 plus cash/₹11 plus non-financial charges; it preserves a salary-package reimbursement exception.
Source
Revision in /ADWM Transaction Service Charges
Page / section
Page 2 — current accounts at other-bank /ADWMs
Accessed
1 Sept 2026
Confidence
high
Open official source ↗

Benefits and features

  • Multiple physical and electronic collection modes
  • Insta Deposit Card collections
  • Email statements
  • End-of-day sweep or branch transfer to the main account

Eligibility

  • This is a collection account with material debit and payment restrictions; nil free cash deposits does not mean cash deposits are prohibited.

Passing a listed condition does not mean the bank will approve an application.

Related official documents

Revision in ATM/ADWM Transaction Service Chargesofficial-service-charge-notice · current · accessed 25 Sept 2026
↗
SBI Basic Savings and Smart Current Account product pagesofficial-product-pages · current · accessed 29 Aug 2026
↗
SBI business current-account catalogueofficial-product-catalogue · current · accessed 29 Aug 2026
↗
SBI Business Current Accounts — Catalogue, Comparison and Reviewed Product Pagesofficial-product-catalogue · current · accessed 13 Aug 2026
↗
SBI Current Account — General Terms and Conditionsofficial-current-account-terms · current · accessed 29 Aug 2026
↗
SBI Smart Collection Accountofficial-product-page · current · accessed 29 Aug 2026
↗
Smart Current Account — official SBI product pageofficial-product-page · current · accessed 29 Aug 2026
↗

Plan before applying

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Account interest estimate

See roughly how much interest a steady account balance could earn over the period you choose.

Interest you may earn₹2,700two thousand seven hundred rupees
Balance including interest₹1,02,700one lakh two thousand seven hundred rupees

This is only an estimate, not a bank or insurer offer. The final amount can change because of taxes, fees, rate changes and provider rules.

Use the published table

Find the exact published value

Choose a table, then pick its row and column. This shows the exact entry published by the bank or insurer without making you scan every cell.

Salary Package savings accounts — all variants · Free monthly transactions10 combined financial/non-financial

This value is copied from other-bank /ADWM allowance and charges. Check the table notes before relying on it.

Source: Revision in /ADWM Transaction Service Charges · Pages 1-2 — all account-group rows and exceptions Open official source ↗

Published tables

Complete rates, limits and schedules

Tables preserve every reviewed row and column from the cited official source.

Table 1 · 5 rows · 4 columnsSBI other-bank ATM/ADWM allowance and chargesCurrent rows from SBI's 1 December 2025 notice. GST is added where the notice says plus GST.View tableHide table

Scroll sideways to view every column

SBI other-bank ATM/ADWM allowance and charges
Account groupFree monthly transactionsCash withdrawal after allowanceNon-financial transaction after allowance
Salary Package savings accounts — all variants10 combined financial/non-financial₹23 + ₹11 +
Current accounts — personal and businessNone₹23 + per transaction₹11 + per transaction
accountsFirst four cash withdrawals; digital transactions excludedExisting charge after four; amount not restated in this noticeNot applicable to the four-cash-withdrawal rule
accountsUnlimited other-bank transactionsFreeNot separately stated
Cardless cash withdrawal at or other-bank /ADWMUnlimited until further noticeFreeFree
  • /ADWM charges for debit-card holders are unchanged by this notice.
  • The reimbursement current account of a Salary Package remains free.
  • The branch-channel notice effective 1 October 2026 separately sets ₹15 + for each cash withdrawal above four per month.
Revision in /ADWM Transaction Service Charges · Pages 1-2 — all account-group rows and exceptions · effective 1 Dec 2025 · accessed 1 Sept 2026Open official source ↗

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