State Bank of India or SBI Deposit Schemes are those arrangements made by SBI to invest in their Multi Option Deposit Scheme, it is a term deposit which is not rigid and has an exclusive feature to break-up your account which accommodates full liquidity as well as higher rates of returns through your saving account or current account.
Subcategories that comes under Deposit Schemes :
- Saving Bank Account
- Saving Plus Account
- Yuva Saving Bank Account
- Basic Savings Bank Account
- Small Account
- Saving Bank Accounts for Minors
- Current Account
- Term Deposit
- SBI Capgains Plus (Capital Gain Scheme 1988)
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Saving Bank Account :
Enjoy the utility of banking from anyplace and time with the help of online facility of SBI Saving Bank Account which facilitates you to access your account 24x7.
Note some of the Features of SBI Saving Bank Account :
| General | · Minimum Balance not required. · Availability of Safe Deposit Lockers. · Availability of Nomination Facility |
| Interest Rates | 4% per annum |
| Auto-Sweep Facility | You can link your Multi Option Deposit (MOD) account to earn higher term deposit interest on surplus money. |
| Salary Account | Special SBI Salary Accounts are provided for employees of Corporates, Schools, Colleges, Universities, Government Employees, Railways, Police and Defense Personnel. |
| Children Accounts | Special Saving Accounts for children like 'Pehla Kadam' and 'Pehli Udaan'. |
| ATM-CUM-Debit Card | SBI Bank Debit card comes with multiple variants according to your needs and eligibility criteria. |
| Mobile Banking | Enjoy easy, simple, secure, anyplace, anytime balance enquiries, transfer etc with State Bank Freedom. |
| Internet Banking | With the help of SBI online portal www.onlinesbi.com you can get access through the internet to your account anywhere at anytime. |
| Personal Accident and Health Insurance | If you hold a Saving Bank Account in any of the branches of SBI you shall get the advantage Personal Health and Accident Insurance at a discounted rates from SBI general Insurance Ltd. |
| Contact Details | SBI helpline no. (24x7) : 1800 11 2211(toll-free), 1800 425 3800(toll-free) or 080-26599990. |
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SBI Saving Plus Account
- The State Bank of India Saving Plus Account is a Saving Bank Account associated with MODS.
- The surplus fund that is over a particular limit from the Saving Bank Account, it is directly transferred to Term Deposits opened in multiples of Rs 1000.
- The benefit to choose the tenure period from between 1 year to 5 years fully depends on the account holder.
- Nomination facilities are available in saving Plus Account.
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SBI Yuva Saving Bank Account
- With SBI Yuva Saving bank Account young Adults get the opportunity to experience an independent, restriction free banking experience.
- The eligibility criteria for an individual is that he/she must be 18 years of age and up to 30 years of age at the time of entry.
- Features
- ATM cum Debit Card Facility
- Mobile Banking
- Internet Banking
- Cheque Book etc.
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SBI Basic Savings Bank Account
- This account could be opened by any individual who shall be above 18 years of age and must possess Know Your Customer(KYC) documents.
- The minimum balance amount is Nil.
- The rates of Interest is 4% p.a.
- Only a minimum of 4 withdrawals is attached with this Saving Account after that if you withdraw cash through ATM or Cheque a service tax shall be applicable on each withdrawal.
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Small Account
- Anyone above 18 years of age can open this account.
- Valid KYC documents are not required.
- This account can be changed into a Regular Saving Account only on the submission of the KYC documents.
- The minimum balance is Nil.
- The maximum balance is Rs 50,000.
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