Quick Answer: What Is The Limit Of Zero Balance Account In SBI?

How do I check my bank balance?

Ways to check your balance.Giving a Missed Call.

Give a missed call on a toll- free number 1800 180 2223 or A missed call to the tolled number 0120-2303090 to get back an SMS with your current balance.

On Internet Banking.

By Sending An SMS..

How can I know my SBI account is zero balance?

A. For SBI Balance Check, account holders can give a call to the SBI balance enquiry toll free number 09223766666. Account holders can also call SBI customer care number 1800112211 and 18004253800 for instant balance enquiry.

What is the limit of zero balance account?

8) SBI zero balance savings account allows a maximum of 4 cash withdrawals free of cost in a month, including ATM withdrawals at own and other bank’s ATMs. 9) For SBI zero balance savings account, basic RuPay ATM-cum-debit card will be issued free of cost and no annual maintenance charge will be applied.

What happens if SBI account balance is zero?

Simply put, SBI customers keeping nil funds (or zero balance) in any type of savings account with the bank will not have to bear any penalty charges. … The customers were required to maintain an average monthly balance of Rs 3,000 in metro branches, and ₹ 2,000 and ₹ 1,000 in semi-urban and rural branches respectively.

Which bank has lowest minimum balance?

ICICI Basic Savings Account.HDFC BSBDA Small Savings Account.SBI Basic Savings Bank Account.Axis Bank Small Basic Savings Account.Indus Small Savings Account.Standard Chartered Bank’s Basic Banking Account.RBL Bank’s Abacus Digital Savings Account.IDFC Bank Pratham-savings account (BSBDA)

What is the minimum balance?

For bank accounts, the minimum balance is the minimum dollar amount that a customer must have in an account to receive some service benefit, such as keeping the account open or receiving interest.

Which bank has zero balance?

Top Zero Balance Savings Account 2020Top Zero Balance Savings AccountAccount NameInterest Rate (up to Rs 1 lakh)Standard Chartered Bank Aasaan3.00%HDFC Bank BSBDA3.00%State Bank of India BSBDA2.70%5 more rows•Jan 21, 2020

How can I convert my SBI account to zero balance?

A simple one-page application form has to be filled in by the SBI savings account customer to get the account converted to BSBD account and submitted to the home branch where he or she is maintaining the account.

Does SBI have 0 balance account?

SBI’s zero balance account: The BSBD account comes with a free debit-cum-ATM card and a passbook without any charge, according to SBI. Zero balance account in SBI: BSBD account can be opened by any individual by taking up KYC verification.

Who is the best bank in India?

Top Commercial Banks in IndiaTop 10 Commercial Banks in India are:State Bank of India (SBI) … ICICI Bank (Industrial Credit and Investment Corporation of India) … HDFC Bank. … Axis Bank. … Kotak Mahindra Bank. … IndusInd Bank. … Bank of Baroda.More items…

Who can open zero balance?

Features of SBI’s Zero Balance Savings Account The account is open to all irrespective of economic background. The account can be opened jointly or singly. It can be opened with anyone or survivor, former or survivor, and either or survivor.

What happens if minimum balance is not maintained in SBI?

For someone not maintaining ₹1,000, with a shortfall of less than or equal to 50%, will be charged ₹5 plus GST. The penalty for non-maintenance of minimum balance in a rural centre branches of SBI with a shortfall 50-75% will be charged ₹7.50% plus GST and more than 75% will be charged ₹10 plus GST, respectively.

What is the benefit of zero balance account?

You can deposit and withdraw money for free. You also get to check your balance, just like in any other savings account and also enjoy through the RuPay debit card. Funds can be transferred for free without any charges. The account also comes with mobile banking facility, free of any charges.

What is SBI minimum balance?

Currently, SBI savings bank account customers need to maintain an average monthly balance of Rs 3,000 in metro, Rs 2,000 in Semi urban and Rs 1,000 in rural areas. Further, the bank used to levy a penalty of Rs 5 to Rs 15 + taxes on non-maintenance of average monthly balance as stated above.

Which card is best in SBI?

Other Popular SBI Credit Cards in India for 2020Credit CardAnnual Fee (in Rs.)Best Suited ForAir India SBI Platinum Credit Card1,499TravelSBI StyleUp Contactless Card499ShoppingYatra SBI Card499TravelClub Vistara SBI Card PRIME2,999Travel & Rewards1 more row•Nov 10, 2020

How do I know my SBI account type?

How to check account type in SBI’s website ? This simple step just a click after you log-into your account using login id and password. After logging into the SBI’s website hover over to the My Accounts &Profile followed by, Account statement, click the button to view the statement and the account type there.

Can I have two zero balance account?

As a zero-balance account holder, one is not eligible for opening any other savings bank deposit account in that bank. It means one can have either a savings account or BSBD account but not both of them.