Full detailed process about sbi online account opening zero balance. SBI Zero Balance Account Opening Online. How to Open SBI Instant Saving Account using YONO APP. Zero balance account opening online sbi.
SBI Zero Balance Account
How to Open an Online SBI Bank Zero Balance Account in 2024
Holding a bank account is impressive and brings about the desire to save or conduct financial transactions safely. However, getting an account with a monthly fee can be draining, especially when one is unstable. The monthly balance varies from bank to bank or per account type. The amount is important in maintaining the account and bank services.
However, for individuals with less income or unstable livelihood, this might discourage them from opening a minimum balance account. However, to ensure all residents are pleased and involved with account services. SBI (State Bank of India), a sophisticated bank in India, is popular for its amazing banking and financial services. The bank is located across the country with thousands of branches and millions of customers. Registered and prospective clients can avail numerous services online and offline.
SBI Bank Zero Balance Account
SBI zero balance account is a unique service that allows users to open accounts without the minimum monthly maintenance fee. The service can be opened online or by visiting the bank branch for easy processing. The savings account comes with multiple benefits and gives the privilege of ATM or debit card services.
Types of SBI Zero Balance Saving Account
SBI Bank provides different zero-balance accounts that meet every user’s needs. Interested customers can check out the following savings accounts:
- The SBI Basic Saving Bank Deposit Account or BSBDA
- SBI Basic Saving Bank Deposit Small Account
- SBI Tiny Account
- Minors Account or Pehla Kadam and Pehli Udaan Account
- SBI Insta account or online SBI bank account.
- PMJDY or Prime Minister Jan Dhan Yojana Account
- Corporate Salary Package Account
- Saving Plus Account
Benefits of SBI Zero Bank Balance Account
Registered members will access the following benefits:
- No monthly maintenance fee.
- All banking services, such as:
- Bank alerts
- Mobile banking
- Internet banking
- YONO app
- State bank anywhere
- Missed call services
- 10 free cheque leaves (extra leaves at an affordable price)
- There is no maximum balance.
- Clients have access to a passbook and duplicate copy in case the first copy is lost.
- No withdrawal restrictions.
- Access to debit card services.
- Inactive accounts don’t require any activation charges.
- There is no closure fee.
Required Documents to Open an SBI 0 Balance Saving Account
With all benefits, interested customers need to provide the following documents:
- Aadhaar card
- PAN card
- Mobile number
- Identification details
- Address and signature proof details
- Application form
- Form 60 for users without PAN cards.
SBI Zero Balance Account Opening Online
Steps to open your SBI Zero Balance Account Online (any SBI Zero balance account)
- Open your browser and type https://www.onlinesbi.sbi/ link
- There are several options on the homepage. Check the customer data and fill the required mandatories.
- The application page will display various sections. Fill in details and save to proceed.
- A Small Customer Reference Number or SCRN for reference.
- Proceed to the account information and key the SCRN.
- An SMS will be sent to the registered mobile number.
- Now, the user can use the account and access different banking services.
KYC Process For SBI Zero Balance Account
- The applicants need the Aadhaar and PAN card for their live video call.
- Next, one should display their signature on a white paper for verification.
- Ensure the internet is stable when conducting the video call.
- SBI bank agents will ask several questions to verify the details.
- Once approved, the Zero balance account is open to work.
How to Open SBI Instant Saving Account using YONO APP
SBI Bank customers can also avail a zero balance account using their YONO mobile app as follows:
- Open your YONO app or download from the device app store.
- Once installed, select the “New SBI” option.
- Go to the Insta Saving Account section or the SBI digital saving account tab.
- Choose the Insta Saving Account option and click “apply now” to continue.
- Read the page’s terms and conditions. If okay, accept and enter the required information.
- Next, key in your Aadhaar linked mobile number and enter the OTP code provided.
- Now, create a preferred YONO app password and FATCA declaration.
- The page will display an Aadhaar card photo. Select it and press the “Next” tab.
- Provide the following data:
- Educational details
- Father and mother’s name
- Income data
- Business/Occupation
- Religion
- Nominee details
- Address
- Home branch
- Agree to terms and conditions.
- Again, the OTP will be sent for verification. Enter the name you would wish to appear on your debit card.
- After registration, the user will receive their CIF number, bank branch, and account number details.
Insta Saving Account details
Insta Saving Account is among the SBO Zero Balance Account which is convenient for banking services. However, the card has a few limitations, such as:
- The account is valid for 12 months and needs KYC verification.
- One can only have a maximum balance of Rs. 1 lakh.
- It’s not possible to credit an amount exceeding Rs. 1 lakh.
SBI Bank customers can check out other savings accounts that don’t require a minimum balance through the bank’s website.
Other locations and procedures to open Zero Balance account
- At the SBI Kiosk
- Visiting the nearest SBI bank
Also read SBI Credit Card for Airport Lounge Access list at Sbicard.com
FAQs
- What documents do I require for the SBI Zero Balance Account?
One needs to have an Aadhaar card, PAN, and identity documents to open an account.
- Can I open a Zero Saving account at the bank branch?
Yes, the bank officials will take you through the process using the same documents.