Savings Plus Account

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Savings Plus Account

Unlock higher savings with SBI Savings Plus Account. Enjoy flexible access, competitive interest rates, and added benefits. Start saving smarter today!

  • cheque availibilty
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Details for Savings Plus Account

The Savings Plus Account offers flexible banking with no maximum balance limit and benefits like a passbook, 10 free cheque leaves annually, and loan options against MOD deposits. You can transfer funds to MOD with a minimum of Rs. 10,000 in multiples of Rs. 1,000, and enjoy restricted free withdrawals based on your Monthly Average Balance. Account transfers are hassle-free via Internet Banking, and account statements are sent through email. The account can be opened singly, jointly, or with survivor options, and is available for individuals with valid KYC documents, providing complete banking convenience.

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Interest Rate

3.00% p.a.

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Withdrawal Limit

Not available

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Transaction Limit

Not available

Minimum Balance Required

  • Nil

Eligibility Criteria for Opening an Account

  • All individuals having valid KYC documents are eligible to open Savings bank account.
  • Singly, jointly, or with Either or Survivor, Former or Survivor, Anyone or Survivor, etc. facility.

Additional Benefits

  • Loan against MOD deposits available
  • Minimum threshold limit for transfer to MOD - Rs. 35000
  • Minimum amount of transfer to MOD Rs. 10,000/- in multiples of Rs 1,000/- at one instance.
  • 10 free cheque leaves per annum. Further cheques leaves will be issued with charges
  • Restricted free withdrawals based on Monthly Average Balance maintained.
  • Transfer of accounts through Internet Banking
  • Maximum Balance No Limit
  • A Pass Book is issued to record the transactions. Duplicate pass book can be issued if original is lost, on payment of charges. Statement of accounts can also be sent through e-mail.

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