Special feature of SBI, Now open an account in minutes sitting at home without any document, know the process
New Delhi: Are you thinking about opening an account with the country’s largest lender ‘State Bank of India’. If yes, then here is some information that will make it easier for you to do so. You can open your Insta Savings Account at SBI from home or at the office. For this, you need an SBI YONO app on your smartphone or iPhone. Here is the complete process of opening an SBI Insta Savings Account and its features.
If you are aged 18 years or older, an Insta Savings Account can be easily opened in SBI. For this, it is necessary that the person has should not have an existing account in SBI and doesn’t have any tax liability outside India. You need is an Aadhaar number, PAN card, email, and Aadhaar-linked mobile number. Also, the customer should not have an OTP-based Aadhaar verification account with any other bank or financial institution.
SBI Insta Savings The account can only be opened for single account holders and will be operated digitally. Customers would not be allowed to do cash transactions. Further, a maximum transaction amount of Rs 49,999 could only take place at a time. A maximum balance of Rs 1 lakh can be kept in the savings account and a total transaction of Rs 2 lakh can be done in 12- month period. The customer also has needs to keep a minimum balance in his Insta Savings account.
You need to visit your local SBI branch for biometric authentication within one year of opening the Insta Savings Account through SBI YONO. SBI offers RuPay ATM / Debit cards to customers of the above mode of account. Though SBI sends statements via email to its Insta Savings Account customers, it does not offer a passbook, checkbook, or other facilities to its customers.