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  • SBI Small Savings Account

    Savings Account
    • Instant money transfer
    • 24x7 ATM withdrawals
    • Attractive rate of interest


    CategoryRegular Savings Account
    Minimum BalanceNil
    Interest Rate4.00% per annum
    Card OfferedATM cum debit cards (free)

    Features and Benefits of SBI Small Savings Account

    • It comes with a debit card that is widely accessible.
    • It comes with a low minimum average quarterly balance requirement.
    • It offers the benefit of moderate earning to the account holder.
    • It allows the account holder to maintain a maximum balance of Rs 50,000.
    • It comes with the flexibility of account transfer across branches at no additional charges.
    • It offers a high interest rate of 4% p.a.
    • It offers the flexibility of opening a single account or a joint account with someone.
    Age limit18 years
    EligibilitySame as regular SBI savings account
    Overdraft facilityNot Available
    Minimum balanceNil
    Maximum balanceRs 50,000
    Reward pointsNo
    Internet BankingAvailable for free
    Mobile bankingNot available
    Cheque BooksYes, available for free
    ATM cum Debit CardYes, available for free

    Fees and Charges of SBI Small Savings Account

    Terms and Conditions of SBI Small Savings Account
    ATM transactionsFree up to 4 transactions at SBI and other bank ATMs
    Duplicate Pass bookRs.100 with latest balance
    Duplicate Statement Rs.100 with latest balance
    Outstation cheque collectionRs.150 and other bank charges if applicable
    Check booksFree, up to 25 leaves in a year
    Return of ChequeRs 75 for local unpaid cheques and other bank charges if applicable
    Activation of inoperative accounts No charges
    Collection/deposit of Central/ State government checksFree
    Online funds transfer through NEFT or RTGSFree
    • In a financial year, the aggregate of all credits should not exceed Rs 1 lakh.
    • Balance in the account should not be more than Rs 50,000 at any point of time.
    • In a month, the aggregate of all withdrawals and deposits should not be more than Rs 10,000.
    • Foreign remittances will only be credited to the account if the identity of the remitter is fully established through submission of valid documents.

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    GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.

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