State Bank of India Current Account

Hii sir, I Wants to get the Information About the Current Account of the State Bank of India will you Please Provide It ?

[pawan]

Current Accounts

Current Accounts (C/As) can be opened by individuals, partnership firms, private and public limited companies, HUFs/ specified associations, societies, trusts etc.

Features :

A current account allows transactions beyond the scope of a savings account
Compared to savings account, a current account requires a higher minimum balance
It is designed to facilitate frequent transactions transfer funds, receive cheques, cash, etc.
A current account can be operated by individuals, proprietary concerns, public and private companies, associations, trusts, etc.
No restriction on the number of transactions in a day
Non-maintenance of the minimum balance can attract penalty charges
Just like savings account, KYC guidelines are to be followed even for current accounts
For a single business, there cannot be multiple current accounts


Minimum Balance

The minimum balance required to be maintained in a Current Account w.e.f. 01.01.2001 is as under:
Metro Urban Semi-urban Rural
1.Individual Accounts Rs 5000/- Rs 5000/- Rs 5000/- Rs 2500/-
2.Non-Individual accounts Rs 10000/- Rs 10000/- Rs 10000/- Rs 5000/-

For more Information About the Current Account of the State Bank of india you may get from the nearest branch of the State Bank of india