State Bank of India provides many facilities on current account. SBI Current Account is suitable for small businessmen, professionals, businessmen who want a current account with all the features at an affordable cost.
SBI Current Account: If you also want to open a current account in addition to the savings account, first know its advantages and disadvantages. State Bank of India provides many facilities on current account. SBI Current Account is suitable for small businessmen, professionals, businessmen who want a current account with all the features at an affordable cost.
There is a facility to deposit Rs 5 lakh free every month in SBI Current Account. In SBI’s current account, customers have to maintain a minimum balance i.e. Monthly Average Balance every month. A balance of Rs 5,000 has to be maintained in the current account. In SBI, every person who has a valid KYC can open a current account.
These benefits are
- Available – In this, the first 50 check book is available for free.
- Mobile banking, internet banking, free ATM cards are also given in the first year.
- You can deposit free cash up to Rs 5 lakh every month in a regular current account in the bank.
- You can transfer money from one branch to another for free.
- There is no limit on the maximum balance for the customers. Nomination facility is available.
Open account sitting at home on video call
There is no need to visit a bank branch to open an account in SBI. You can open an account sitting at home. This work will be done through video call. SBI has started the facility of opening accounts through video KYC on its mobile banking app- YONO.
Through this facility, customers will be able to open their account in State Bank of India (SBI) without visiting the branch. This digital initiative powered by Artificial Intelligence (AI) and Facial Recognition Technology is a contactless and paperless process.
Video KYC facility will be available for customers planning to open a new savings account with SBI.
This is the process
To take advantage of this new facility, you only have to download the YONO App. Android mobile users can download it from Google Play Store and iPhone users can download it from Apple Store. Now open it. Click on ‘New to SBI’ and select ‘Insta Plus Savings Account’.
Enter your aadhaar details in the app and after completion of aadhar verification you will have to enter your personal details i.e. name, address, mobile number etc. You have to schedule a video call to complete the KYC process. After successful video KYC, your account will be opened easily.
