State Bank Of India No Frills Account

Hii sir, I Wants to get the Information About the State Bank of India No Frills Account Will you Please Provide It ?

[pawan]

State Bank of India No Frills Account

This account comes with very low minimum balances as well as low/ nil charges, to cater to the needs of individuals from the vast sections of population who are, otherwise, not fulfilling certain conditions of existing Savings Bank account requirements

Eligibility: Individuals of 18 years and above earning a gross income of Rs.5000/- p.m or less.

Mode of operation: Single/ joint

Initial deposit amount: Rs.50/- to open the account


Minimum balance: NIL

Maximum balance/ amount: Rs.10,000/-, being the total value of business connection of the account holder, including other deposit accounts.

Rate of interest: As applicable to Savings Bank accounts, if a minimum balance of Rs.500/- or more is maintained.

For more Detials you may Visit the Nearest branch of the State Bank of India