SBI Saving Account Opening Online: How to Open SBI Saving Account Online & Offline?

SBI Bank Savings Account Interest Rates 2025

The SBI Bank savings account interest rates are as follows:

Types of SBI Savings Account

Before opening a savings account in SBI, you must know the types of savings accounts SBI offers in order to make an informed decision. Here are the types:

SBI Savings Bank Account

A popular savings account offering benefits like SMS alerts, mobile banking, YONO app access, and internet banking. No minimum or maximum balance is required, and it can be opened online or offline.

2. Basic Savings Bank Deposit Small Account (BSBDA Small)

Ideal for low-income individuals, this account has no minimum balance and a maximum limit of ₹50,000. It can be opened with self-attested documents, even without KYC.

3. Basic Savings Bank Deposit Account (BSBDA)

A zero-balance account with no minimum balance requirement. It doesn’t provide chequebooks and allows up to four free withdrawals per month.

4. SBI Savings Plus Account

Linked to the Multi Option Deposit Scheme (MODS), this account transfers funds above ₹35,000 into term deposits, earning interest. No minimum balance required.

5. Motor Accident Claims Account

For motor accident victims receiving compensation, this account offers an ATM card, chequebook, and free internet banking.

6. Savings Account for Minors

SBI offers two options: ‘Pehla Kadam’ (for minors below 10) and ‘Pehli Udaan’ (for minors 10-18 years). No monthly balance requirement, with a maximum balance of ₹10 lakhs.

7. Resident Foreign Currency (Domestic) Account

For Indians managing foreign currency (EURO, USD, or GBP), this account requires a minimum balance of EURO 500, USD 500, or GBP 250, and does not offer ATM cards or chequebooks.

8. Insta Plus Savings Bank Account (Video KYC)

A paperless, video-based account opening option requiring only PAN and Aadhaar details. The process includes a video call for signature capture.

Eligibility Criteria to Open SBI Bank Savings Account

• Applicants should be Indian citizens above 18 years of age.
• Applicants must have a valid government-approved ID and proof of address. 
• Legal guardians/ parents of a minor can open an SBI savings account on their behalf.

Documents Required to Open SBI Savings Account

• ID Proof 
  • Voter ID card 
  • Aadhaar card 
  • Passport 
  • PAN card
  • Driving licence
• Residential Proof 
  • Voter ID card 
  • Utility bills
  • Ration card
  • Aadhaar card 
  • Passport 
  • Driving licence 
• Print out of the account opening form when you are applying online
• Two recent passport-sized photographs

How to Open an SBI Savings Account Online?

You can follow these steps for an SBI savings account opening online:

Step 1: Download the SBI YONO app.

Step 2: Open the app and click ‘Open Savings Account'. Then, select 'With Branch Visit'. 

Step 3: Click on ‘Apply Now’ and then on ‘Next’.

Step 4: When you have an Aadhaar card, select the ‘Open with Aadhaar using e-KYC (Biometric Authentication)’ option. When you do not have an Aadhaar card, select the ‘Open with Officially Valid Document (OVD)’ option and click ‘Next’.

Step 5: Enter your mobile number and click ‘Submit’. Enter the OTP received on your mobile number and PAN. 

Step 6: Enter your personal details, income details and educational details and click ‘Submit’.

Step 7: Enter the OTP and submit. Visit the nearest SBI bank branch to complete the document verification process. The officials will open the account after the verification process is completed.

How to Open an SBI Insta Savings Account through Video KYC?

You can open the SBI Insta Savings Account via video call without visiting the bank branch. Here are the steps to to open SBI Insta Savings Account through video KYC:

Step 1: Download the SBI YONO application on your mobile phone and open it.

Step 2: Open the app and click ‘Open Savings Account'. Then, select 'Without Branch Visit'. 

Step 3: Select ‘Insta Plus Savings Account’ and enter your Aadhaar and PAN card details.

Step 4: An OTP will be sent to your Aadhaar-linked mobile number for verification.

Step 5: Enter the OTP and complete the verification process.

Step 6: Schedule a video call and be ready with your original PAN and Aadhaar card for verification during video KYC.

Step 7: Your savings account will be opened after successful verification of your Aadhaar and PAN card.

How to Open an SBI Savings Account Offline?

Follow these steps for offline SBI savings account opening:

Step 1: Visit your nearest State Bank of India branch.

Step 2: Collect the savings account opening form from the bank.

Step 3: Fill up the form with all the required details. 

Step 4: Cross-check the application form to ensure that the details match with your KYC documentation.

Step 5: Submit the form with the documents to the SBI officials.

Step 6: The officials will verify the form and open the account once the verification process is done.

How to Open an SBI Savings Account Online for Minor?

The State Bank of India offers Savings Account for Minors where the minors can open two types of accounts: Pehla Kadam and Pehli Udaan. Minors of any age group can open the Pehla Kadam savings account jointly with their guardian or parents. On the other hand, Pehli Udaan is for minors above 10 years, and the minor can singly operate it. 

You can follow the steps below to open an SBI savings account for your kid:

Step 1: Download the SBI YONO app.

Step 2: Open the app and click ‘Open Savings Account'. Then, select 'With Branch Visit'. 

Step 3: Click on ‘Apply Now’ and then on ‘Next’.

Step 4: When you have an Aadhaar card, select the ‘Open with Aadhaar using e-KYC (Biometric Authentication)’ option. When you do not have an Aadhaar card, select the ‘Open with Officially Valid Document (OVD)’ option and click ‘Next’.

Step 5: Enter your mobile number and click ‘Submit’. Enter the OTP received on your mobile number and PAN. 

Step 6: Fill up the application form with the required details and submit it.

Step 7: Visit the nearest SBI bank branch to complete the document verification process. The officials will open the account after the verification process is completed.

SBI Bank Savings Account Opening Charges

SBI does not charge any amount for a savings account opening. However, for the Resident Foreign Currency Domestic Account, you must deposit the minimum balance account amount while opening the account.

Helpline Numbers

You can contact SBI’s helpline numbers, in case of any help, request, or grievances related to your SBI savings account: 

• 1800 1234 
• 1800 2100 
• 1800 11 2211 
• 1800 425 3800

The State Bank of India (SBI) is one of the largest banks in India, offering a variety of savings accounts to meet the needs of all customers, including minors with guardian supervision. SBI provides simple and accessible banking solutions, making it easy for individuals to open savings accounts. Follow the outlined steps to open your SBI savings account effortlessly.

Related Articles:
1. ICICI Bank Savings Account Opening Online & Offline
2. Kotak Mahindra Bank Savings Account Opening Online & Offline
3. How to Open HDFC Bank Savings Account Online & Offline?
4. Union Bank Savings Account Opening Online & Offline
5. Bank of Baroda Savings Account Opening Online
6. Bank of Maharashtra Savings Account Opening Online

Related Savings Interest Articles:
1. Axis Bank Savings Account Interest Rate
2. Punjab National Bank (PNB) Savings Account
3. Bank of Baroda (BOB) Savings Account
4. ICICI Bank Savings Account Interest Rate
5. Union Bank Savings Account Interest Rate
6. HDFC Bank Savings Account Interest Rate
7. Canara Bank Savings Account Interest Rate
8.SBI Savings Account Interest Rate

Related SBI Articles:
1. How to Apply for SBI ATM Card Online and Offline?
2. SBI Bank Balance Check Number
3. SBI Mobile Banking - How to Register and Log In on the YONO/YONO Lite app?
4. How To Activate SBI Net Banking?
5. SBI Annuity Deposit Scheme
6. SBI Debit Card Charges
7. How to Withdraw Cash From SBI Credit Card?
8. How to Know Your SBI Account Number?
9. SBI NEFT Charges
10. SBI UPI Limit
11. SBI ATM Card Block - How To Block SBI ATM Card?
12. SBI Debit Card - How To Activate SBI Debit Card Online/Offline?
13. Close SBI Credit Card - How To Close SBI Credit Card?
14. Unblock SBI Credit Card - How To Unblock SBI Credit Card?
15. SBI FD Calculator
16. SBI FD Interest Rates