All About SBI Current Account- Types, Charges, Eligibility & More

SBI is an established bank in India. It has launched a large range of SBI Current Accounts & they also provided a lot of features for all the account holders under its name and to reach more and more customers it has launched a lot of offers and the eligibility conditions are basic as well.

Here, in this article, we have brought all the information you need to get your very own SBI current account. If you are searching for something for your business still, you are at the right place here is all the information you need about SBI Current Account & Business SBI Current Account.

Types Of SBI Current Account

1. Regular Current Account: Free cash withdrawal from the home branch Free 50 multi-city cheque leaves per month.
2. Normal Current Account: Free original monthly statement of account First 50 cheques leaves free during a fiscal year.
3. Gold Current Account: Free RTGS and NEFT Free 50 Demand Drafts per month Diamond Current Account Unlimited and free demand drafts Free cash deposit, up to Rs. 1 crore per month.
4. Platinum Current Account: Unlimited + Free multicity cheques, Free and unlimited cash withdrawal from the home branch.
5. Surbhi Current Account: Free monthly statement of current account Free overdraft facility + sweep facility available Power POS Free multicity 100 cheques during a fiscal year & free cash deposit (up to Rs 25,000 per day).
6. Power Gain Current Account: Free monthly statement of current account 200 cheques free per month.
7. Power Pack Current Account: Avail of 1000 free cheques per month Cash deposit release to Rs 60 lakh per month.
8. Power Jyoti Current Account: Zero cash handling charges, Access to MIS in the desired format.
9. Power Jyoti PUL Current Account: The facility of collection through INB, Get access to MIS in the desired format.

Key Features of SBI Current Account

1. The first 50 cheque leaves will be free.
2. Mobile banking facility.
3. Internet Banking.
4. Free ATM card during the first year.
5. Free cash deposit up to Rs. 25000/ -per day.
6. Free Transfer of account from one branch to a different branch
7. Statement of account is as per requirements for the duration of monthly/quarterly/half-yearly/annual intervals.
8. The facility of getting statements by email.
9. Personal accident insurance available (Optional)
10. Rate of Interest: NIL
11. Nomination facility Available
12. Maximum Balance: No Limit
13. Average monthly balance (AMB) requirement from Feb 2021: Rs.5000/-

Eligibility For SBI Current Account

Eligibility For A Normal Account:

Every person who has valid KYC documents Singly, jointly, Either or Survivor, Former or Survivor, anyone or Survivor, etc.

Eligibility For Business SBI Current Account:

1. Sole Proprietorship Firm
2. Partnership Firms
3. Limited Companies
4. Societies / Clubs / Associates
5. Hindu Undivided Family (HUF)
6. Unincorporated Association or Body of Individual
7. Executors, Administrators, and Liquidators
8. Trust

Terms & Conditions:

1. All statements of account are going to be sent via e-mail.
2. Customers are requested to update their e-mail ID at the reception Branch or process it through Internet banking.

If the customer wishes to continue receiving a printed statement, please visit the home branch of SBI.

All SBI Current Accounts & Charges