SBI Savings Bank Account Rate, Fixed Deposit Interest Rate And Other Details

State Bank of India (SBI), the largest lender in the country, allows people to open Savings Bank accounts and also allows customers to invest in Fixed Deposit (FD). There is a nominal rate of interest for investors in savings bank accounts. On the other hand, the rates offered by the FD are usually higher compared to the savings bank account's interest rate, the FD is invested for a fixed period like one year, two years or more. Therefore, the maturity date of FD has already been fixed and its interest rate is also





Details are the details given below which you should know whether you want to open Savings Bank Account or invest in SBI's FD:

SBI Savings Bank Accounts:


According to the website of SBI Online Cyber ​​Bank, you can fill the application online to open Savings Bank accounts online. In short, the process will be as follows:


1. Fill and submit required details online.

2. Print Account Opening Form (AOF) on A4 size white papers.


3. Attach documents of the required documents, such as photos and identification and address as specified in AOF.


4. A TCRN (temporary customer reference number) will be prepared, which you should note. TCRN will also be sent to the registered mobile number of the applicant (registered).

You will need to provide information to open a savings bank account with SBI:
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To open an account, you need to provide the following information:


1. KYC (Know your Clients) Notice: Acceptable KYC documents are available through AOP drop-down menu.


2. Information about the savings bank account that you want to open and the facilities you want in the account.


3. Form 60, if you have no permanent account number (PAN) of income tax


4. Form DA-1 (optional), if you want to enroll (recommended), then SBI has said on its website.

Necessary documents


For every person who wants to open an account, you will need to provide:


1. Two recent passport size color photographs

2. KYC document as outlined in AIF.

If you give photocopy, you also need to prepare original documents for verification even while going to SBI branch.
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