Savings, current & salary accounts

Special Collection Current Account

A restricted collection current account with a ₹1 lakh monthly average balance and ₹10 lakh monthly free cash-deposit limit, designed to sweep collections to a main account.

Interest rateNo interest is payable on credit balances in a current account.Monthly average balance₹1,00,000 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.

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✓ 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: Special Collection Current Account
Page / section: Features, Benefits and Advantages
Accessed: 13 Aug 2026
Confidence: high

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Monthly average balance₹1,00,000View source

The page publishes a ₹1 lakh .

Source: Special Collection Current Account
Page / section: Features
Accessed: 13 Aug 2026
Confidence: high

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Free cash-deposit limit₹10 lakh per month; non-home branch cash deposits capped at ₹2 lakh per dayView source

The monthly allowance includes covered branch and self-service channels.

Source: Special Collection Current Account
Page / section: Features
Accessed: 13 Aug 2026
Confidence: high

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MAB non-maintenance charge₹2,000 + GST per monthView source

The official Charges section publishes ₹2,000 plus per month.

Source: Special Collection Current Account
Page / section: Charges
Accessed: 13 Aug 2026
Confidence: high

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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

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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

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ATM limitsATM facility is not allowed.View source

The official page lists as not allowed for the Special Collection Current Account.

Source: Special Collection Current Account
Page / section: Features, Benefits and Charges
Accessed: 29 Aug 2026
Confidence: high

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Cheque bookCheque-book facility is not allowed.View source

The official page lists cheque-book facility as not allowed for the Special Collection Current Account.

Source: Special Collection Current Account
Page / section: Features, Benefits and Charges
Accessed: 29 Aug 2026
Confidence: high

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Debit cardATM/debit-card access is not allowed for the Special Collection Current Account.View source

explicitly states that is not allowed for this collection account.

Source: Special Collection Current Account
Page / section: Features —
Accessed: 29 Aug 2026
Confidence: high

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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

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Benefits and features

Cash, cheque, draft 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-only structure with material debit and payment restrictions.

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

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Account interest estimate

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Balance kept in the accountUse the amount you expect to keep there on average.₹one lakh rupees₹1,000₹1,00,00,000Yearly interest rateThe percentage the account pays in one year.%0.1%15%How long the money staysThe number of months used for this estimate. months1 months60 months

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.

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Account groupChoose column

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

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SBI other-bank ATM/ADWM allowance and charges
Account group	Free monthly transactions	Cash withdrawal after allowance	Non-financial transaction after allowance
Salary Package savings accounts — all variants	10 combined financial/non-financial	₹23 +	₹11 +
Current accounts — personal and business	None	₹23 + per transaction	₹11 + per transaction
accounts	First four cash withdrawals; digital transactions excluded	Existing charge after four; amount not restated in this notice	Not applicable to the four-cash-withdrawal rule
accounts	Unlimited other-bank transactions	Free	Not separately stated
Cardless cash withdrawal at or other-bank /ADWM	Unlimited until further notice	Free	Free

/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 ↗

Special Collection Current Account

What the official sources publish

Benefits and features

Eligibility

Related official documents

Try the numbers

Account interest estimate

Find the exact published value

Complete rates, limits and schedules

Related products

SBI Basic Savings Bank Deposit Account

SBI Basic Saving Bank Deposit Account — Branch Channel

SBI Basic Savings Bank Deposit Small Account

SBI Central Armed Police Salary Package

SBI Special Collection Current Account

What the official sources publish

Benefits and features

Eligibility

Related official documents

Try the numbers

Account interest estimate

Find the exact published value

Complete rates, limits and schedules

Related products

SBI Basic Savings Bank Deposit Account

SBI Basic Saving Bank Deposit Account — Branch Channel

SBI Basic Savings Bank Deposit Small Account

SBI Central Armed Police Salary Package

Special Collection Current Account