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SBI Current Account Opening, Minimum Balance, Benefits & How to Apply Online

By Rucha K

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Updated on: Aug 22nd, 2025

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9 min read

A SBI current account  is designed for businesses, professionals, and institutions that carry out frequent high-value transactions. SBI current account opening provides greater flexibility in deposits and withdrawals. The SBI current account minimum balance requirement varies by account type, ranging from Rs. 5,000 to Rs. 10,00,000.

Key Highlights:

  • Account Types: Regular, Gold, Diamond, Platinum, Surbhi, Power POS, and more.
  • Minimum Balance: Ranges from Rs. 5,000 to Rs. 10,00,000 depending on account type.
  • Free Transactions: Unlimited NEFT/RTGS online; 50 free cheque leaves per month.
  • Eligibility: Available for individuals, firms, companies, LLPs, trusts, and societies.
  • Digital Banking: Free internet banking, mobile banking, and YONO business access.

What is an SBI Current Account?

An SBI Current Account is a non-interest-bearing business account designed for frequent and high-volume financial transactions. It is ideal for business owners, companies, entrepreneurs, and professionals who require regular access to their funds. 

SBI ensures that every business type, size, and sector has access to tailored banking solutions with a wide variety of current account types—Regular, Gold, Diamond, and specialized accounts like Power POS and Surbhi. Customers also benefit from features like free NEFT/RTGS transactions, digital banking access, and a vast ATM and branch network for uninterrupted banking.

How to Open a Current Account in SBI?

For SBI current account opening online, customers can complete the process online and then visit the nearest branch with the necessary documents. Here’s a step-by-step guide:

  • Go to the official SBI website and navigate to the ‘Customer Application Form’ section.
  • Select the appropriate customer type (Partnership Firm, Proprietorship Firm, or HUF).
  • Fill in the required details in the ‘Customer Information’ section and continue.
  • Complete the ‘Account Information’ section and proceed.
  • Once done, an SMS containing the ARN (Application Reference Number) will be sent to the applicant’s mobile.
  • Download and print the filled SBI current account application form from the website.
  • To complete the SBI current account opening process, take the printed form along with the required KYC documents to the nearest branch for submission.

SBI Current Account Types

The following are the different types of SBI current accounts that you can opt from:

Account Type

Features

Regular Current AccountDesigned for businesses with moderate transaction volumes, offering essential banking services to manage funds efficiently.
Normal Current AccountIntended for small businesses and traders with limited transaction needs, this account provides essential banking services for everyday business activities.
Diamond Current AccountTailored for large businesses with high transaction volumes, this account offers advanced banking features and additional perks.
Gold Current AccountAimed at expanding businesses, providing more comprehensive banking services and higher transaction limits to support growth.
Platinum Current AccountThe premium option from SBI, perfect for high-value transactions, offering personalised services for top-tier businesses.
Power Pack Current AccountIdeal for businesses that require a full range of banking services, this account offers premium benefits.
Surbhi Current AccountExclusively for women entrepreneurs, offering tailored banking solutions and benefits to support their business needs.
Power Gain Current AccountDesigned for businesses with high cash flow, offering significant savings on transaction fees.
Power POS Current AccountFocused on retail businesses, with specialised services for Point-of-Sale (POS) transactions.
Power Jyoti PUL AccountDesigned for Public Undertakings, offering specialised services to meet the financial needs of government enterprises.
Power Jyoti Current AccountCreated for educational institutions, offering features that help manage finances within the education sector.

SBI Current Account Minimum Balance Requirements

The SBI current account minimum balance varies as per the account type:

Account TypeMAB Requirement
Regular Current AccountRs. 5,000
Normal Current AccountRs. 10,000
Gold Current AccountRs. 1,00,000
Diamond Current AccountRs. 5,00,000
Platinum Current AccountRs. 10,00,000
Surbhi Current AccountRs. 10,000
Power POS Current AccountRs. 5,000
Power Gain Current AccountRs. 2,00,000
Power Pack Current AccountRs. 5,00,000
Power Jyoti Current AccountRs. 50,000
Power Jyoti PUL Current AccountRs. 50,000

SBI Current Account Charges

The following table shows the SBI current account charges:

Service

Details

Monthly Average Balance (MAB)Rs. 5,000
Corporate Internet BankingFree
Monthly ChargesFree
Original Current Account StatementFree
Duplicate Current Account StatementRs. 100 + GST per page (40 entries)
Free Multicity Cheque Leaves50 leaves per month
Extra Cheque LeavesRs. 3 + GST per cheque leaf
25 Leaf Cheque BookRs. 75 + GST
50 Leaf Cheque BookRs. 150 + GST
Account Transfer to Another BranchFree
Overdraft FacilityNot available
Cash Deposit LimitUp to 100 times of previous month's MAB (Max Rs. 5 lakhs per month)
Cash Deposit Beyond LimitRs. 0.75 per Rs. 1,000 + GST
Minimum Cash Deposit FeeRs. 50 + GST
Maximum Cash Deposit FeeRs. 20,000 + GST
Cash Deposit at Non-Home BranchMax. Rs. 5,00,000 per day
Cash Withdrawal (Home Branch)Unlimited free
Cash Withdrawal (Non-Home Branch)Max. Rs. 1,00,000 per day (Self only)
Demand Draft Fee (Up to Rs. 5000)Rs. 25 (Incl. GST)
Demand Draft Fee (Rs. 5000 to Rs. 10,000)Rs. 50 (Incl. GST)
Demand Draft Fee (Rs. 10,000 to Rs. 1 Lakh)Rs. 5 per Rs. 1,000 (Min. Rs. 60 Incl. GST)
Demand Draft Fee (Above Rs. 1 Lakh)Rs. 4 per Rs. 1,000 (Min. Rs. 600, Max Rs. 2,000 Incl. GST)
Business Debit CardPRIDE Business Debit Card
Outstation Cheque Collection Fee (Up to Rs. 10,000)Rs. 50 + GST
Outstation Cheque Collection Fee (Rs. 10,000 to Rs. 1 Lakh)Rs. 100 + GST
Outstation Cheque Collection Fee (Above Rs. 1 Lakh)Rs. 200 + GST
NEFT (Net/Mobile Banking)Unlimited free
NEFT (At Branch)Up to Rs. 10,000: Rs. 2.50 + GST
NEFT (At Branch)Rs. 10,000 to Rs. 1 lakh: Rs. 5 + GST
NEFT (At Branch)Rs. 1 lakh to Rs. 2 lakh: Rs. 15 + GST
NEFT (At Branch)Above Rs. 2 lakh: Rs. 25 + GST
RTGS (Net/Mobile Banking)Unlimited free
RTGS (At Branch)Rs. 2 lakh to Rs. 5 lakh: Rs. 25 + GST
RTGS (At Branch)Above Rs. 5 lakh: Rs. 50 + GST
Cash PickupNormal charges + Agency charges at actuals
SMS AlertsFree
Account Maintenance FeeRs. 550 + GST
Account Closure Fee (Within 14 Days)Free
Account Closure Fee (After 14 Days)Rs. 1,000 + GST
MAB Non-Maintenance FeeRs. 500 + GST per month

SBI Current Account Opening Eligibility

SBI current accounts can be opened by the following business entities:

  • Resident Individuals
  • Hindu Undivided Families (HUF)
  • Private Limited Companies
  • Sole Proprietorship Firms
  • Partnership Firms
  • Trusts, Associations, Clubs, or Societies
  • Limited Liability Partnerships (LLP)

SBI Current Account Opening Documents

A single document for either proof of identity or address is required. Below is a list of documents accepted as proof of identity or address for SBI current account opening:

  • Passport
  • Voter ID card
  • Driving licence
  • Aadhaar card
  • NREGA card
  • PAN card

The following is the list of KYC documents for non-individuals: 

For Proprietorship Accounts

  • Utility bills (water, electricity, etc.)
  • Registration Certificate
  • Sales and Income Tax Returns
  • Certificate or Licence from Municipal Authorities
  • Income Tax Return in the name of the sole proprietor
  • Certificate from Sales Tax or Service Tax Authorities
  • CST or VAT certificate
  • Importer Exporter Code

Two of the above-mentioned documents are required when submitting the form for SBI current account opening.

For Partnership Firm Accounts

  • Official document related to the person holding the power of attorney
  • Partnership Deed
  • Registration Certificate

For Company Accounts

  • Certificate of Incorporation
  • Articles of Association and Memorandum
  • Resolution from the Board of Directors and Power of Attorney granted to officers, managers, or employees
  • Official document concerning the person holding the power of attorney

For Trusts & Foundations Accounts

  • Registration Certificate
  • Trust Deed
  • Official document related to the person holding the power of attorney

For Unincorporated Association or Body of Individuals Accounts

  • Power of Attorney granted to the individual   
  • Resolution of the Managing Body
  • Official document related to the person holding the power of attorney
  • Valid proof of the association’s legal existence

For Hindu Undivided Family (HUF) Accounts

  • Declaration from the Karta
  • Identification proof of the Karta
  • Hindu Family Letter signed by all adult coparceners
  • Identity proof of adult coparceners

SBI Current Account Benefits

The following are the benefits of SBI current account opening:

  • Minimum Monthly Average Balance (MAB) requirement of Rs. 5,000.
  • MAB can be up to 100 times the previous month’s balance, with a maximum of Rs. 5 lakhs per month, effective from 01.12.2024.
  • Easy access to withdraw and deposit cash at over 22,000 SBI branches nationwide.
  • There are no charges for cash withdrawals at your home branch.
  • Free and secure access to the most efficient Corporate Internet Banking services.
  • Free NEFT or RTGS transactions via internet banking and mobile banking.
  • Complimentary 50 Multicity Cheque Leaves each month.

SBI Current Account Interest Rate

An SBI current account does not offer interest on the balance maintained. However, some specialised current accounts might offer interest, so you must check the official website of the SBI account for such information.

SBI Current Account Customer Care

For any queries regarding SBI current account opening, SBI current account minimum balance or other issues, you can reach out to your nearest SBI branch or contact SBI's current account customer care at 18004253800, 1800112211, or 08026599990.

How to Close SBI Current Account?

At present, SBI does not provide an online option for account closure. To close your account, visit your home branch, complete the account closure form, and submit it with proof of your ID and any account-related items. To close your SBI account offline, follow these steps:

  • Go to the nearest SBI branch and request the account closure form.
  • Fill out the form with your correct details and submit it to the branch.
  • Provide copies of your identity proof, address proof, original chequebook, deposit book, and ATM or debit cards.
  • Settle any pending fees, if necessary.

SBI staff will process your request and close the account within seven business days, depending on the type and age of the account.

SBI Current Account Statement Password

To access your SBI current account statement password-protected file:

  • If downloaded from the internet or mobile banking, the password is your 11-digit account number (excluding leading zeros).
  • If received via email, the password is created by combining the last 5 digits of your mobile number with your birthdate in the format DDMMYY.
  • For SBI YONO statement password-protected files received via email, use your birthdate in DDMM format followed by “@” and the last 4 digits of your registered mobile number as the password.

The SBI current account is one of the most popular business banking solutions. The simple SBI current account opening process makes it easy for businesses to get started with India’s largest public sector bank. Maintaining the SBI current account minimum balance ensures smooth operations. 

Similar Articles:
1. Canara Bank Current Account Opening
2. HDFC Bank Current Account Opening
3. Axis Bank Current Account Opening
4. ICICI Bank Current Account Opening
5. Kotak Mahindra Bank Current Account Opening

Related SBI Articles:
1. How To Get SBI Bank Mini Statement?
2. SBI Gold Loan Interest Rate
3. SBI Saving Account Opening

Frequently Asked Questions

What is the SBI current account balance check number?

You can check your SBI current account balance by calling 09223766666 from your registered mobile number. In addition, you can also check your SBI account balance by sending an SMS with the text “BAL” to the same number.

What is the SBI current account ATM withdrawal limit?

₹40,000 is the SBI current account ATM withdrawal limit.

About the Author
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Rucha K

Content Writer - Insurance

Insurance doesn’t have to be a maze of fine print. I simplify policies, bring clarity to the details, and make financial decisions easier—one blog at a time. I enjoy turning numbers and insights into clear, actionable narratives that simplify personal finance. Read more

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