State Bank of India being the biggest bank in India provides the best services for its customers. SBI also provides online account opening using which anyone can open a bank account online.
This service is not fully online but the majority of the process has been shifted online and you only need to visit the bank branch once for identity verification.
In this article, we will discuss how to open SBI Bank Account online, the Account opening process, Documents Required, etc.
But, before that let’s find out the types of savings account in SBI.
Table of Contents
Type of Savings Account in SBI
The following are the types of savings account in SBI-
- Basic Savings Bank Deposit Account
- Basic Savings Bank Deposit Small Account
- Savings Bank Account
- Savings Account for Minors (for children less than 18 years of age)
- Savings Plus Account
- Insta Plus Video KYC Savings (fully online account opening)
Minimum balance required for different types of savings account
The following are the minimum balance required for different types of SBI savings bank account-
| Savings Account | Interest Rate | Minimum Balance |
| Basic Savings Bank Deposit Account | 2.70% p.a. | Nil |
| Basic Savings Bank Deposit Small Account | 2.70% p.a. | Nil |
| Savings Bank Account | 2.70% p.a. | Nil |
| Savings Account for Minors | 2.70% p.a. | Nil |
| Savings Plus Account | 2.70% p.a. | Nil |
Documents Required for Account Opening in SBI
The following are the documents required for account opening in SBI-
Mandatory Document
- PAN Card
- Aadhaar Card
- Phone Number and email ID
Documents for verification
Proof of Identity
- Passport
- Voter’s Identity Card
- Driving Licence
- Identity cards issued by Post offices
- Identity cards issued by Public authorities
- NREGA Card
- Pension Payment orders
Proof of Address
- Passport
- Voter’s Identity Card
- Driving Licence
- Identity cards issued by Public authorities
- Photo identity cards issued to bonafide students by a university
- Govt./Defence ID Card
- ID Cards issued by reputed employers
- NREGA Card
- Pension Payment orders
- Identity cards issued by Post offices
- Telephone bill (not more than 3 months old)
- Bank account Statement (Not more than 3 months old)
- Letter from any recognized public authority
- Electricity bill (not more than 6 months old)
- Ration card
- Letter from reputed employer Income Tax/ Wealth Tax Assessment orders
- Credit Card Statement (not more than 3 months old)
How to Open SBI Bank Account Online?
You can follow these steps to open SBI Bank Account online-
- Visit the official website of SBI and navigate to the savings bank account tab followed by clicking on the type of account you want to open
- After selecting the type of account, you’ll be redirected to the page where you’ll find detailed information about the account along with an Apply Now button which you have to click
- After clicking the button, a new window with a small application form will appear which you have fill with details like name, phone number, email ID, etc.
- An OTP will be sent on your registered mobile number as well as you email Id which you’ll have to confirm
- After confirmation of the OTP has been completed, the application form filling process will continue
- Now, fill the PAN Card number in the form followed by providing other essential details like Aadhaar card number, etc. and clicking on the next button
- After clicking on the next button, you’ll have to provide your resident details and office details (if any)
- Now, provide your additional details like father, mother name, nominee details, marital status, etc.
- After providing these details, you’ll have to choose your nearest bank branch where your account can be opened
- After choosing your branch, you’ll have to agree to the terms and condition by ticking the checkbox
- Now, your account application process is completed, a PDF file will be automatically downloaded which is your account application form
- You’ll have to take a print out of the application form and attach the documents mentioned above
- After attaching the documents, you’ll have to visit the bank branch and submit the documents along with the documents and initial deposit amount
- Now, the bank representative will review your application and further forwards the process for account opening
- After processing of your account is completed, you’ll be notified about your account opening
- You’ll also receive SBI savings bank starter’s kit which contains debit card, chequebook, etc.
I’m Shiv Kumar, a graduate with a passion for finance, marketing, and technology. My journey into finance started with a desire to understand money management and investing.
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