To open a savings account in the State Bank of India (SBI) online you have to follow this step-by-step guide. SBI provides a seamless online account opening process.
Eligibility
- Indian Resident with age 18 years or older
- Aadhaar number and PAN card
- Mobile number linked with Aadhaar
Required Documents
- Identity Proof Required : Aadhaar card, PAN card, passport, voter ID, or driving license
- Address Proof Required : Aadhaar card, passport, voter ID, or utility bill
- Additional Documents : Recent passport-sized photograph.
Steps to Open an SBI Insta Plus Savings Account (Video KYC)
- Download the YONO App: Install the SBI YONO app from the Google Play Store or Apple App Store.
- Select Account Type: Open the app, click “Open Savings Account,” and choose “Without Branch Visit” for Video KYC.
- Enter Details: Provide your Aadhaar number, PAN, and mobile number. Verify with the OTP sent to your Aadhaar-linked mobile.
- Complete Video KYC: Schedule a video call with an SBI official. Ensure a stable internet connection and enable location settings. Your signature will be captured during the call.
- Submit Application: After Video KYC, upload any additional documents if requested. A nomination is mandatory.
- Account Activation: Once approved, you’ll receive your account details via SMS. Internet banking credentials will be sent separately.
Benefits of an SBI Savings Account
- Zero Balance Option: Open a zero-balance account with no minimum balance requirement.
- Digital Banking: Access 24/7 banking via YONO, internet banking, and mobile banking.
- Additional Features: SMS alerts, RuPay debit card, fund transfers via NEFT/IMPS/UPI, and nomination facility.
- Interest Rates: Earn 2.70% to 3.00% per annum (as of October 2022).
Opening an SBI savings account online is quick and user-friendly, with options to suit your preferences. The Insta Plus account via Video KYC is ideal for instant setup, while the branch visit option offers flexibility. Download the YONO app or visit www.onlinesbi.sbi to start your banking journey with SBI today
How to Open SBI Account Online
For more information visit : https://sbi.co.in/web/personal-banking/accounts/saving-account/savings-bank-account
Also visit : https://postofficefd.com/best-fixed-deposit-rates-in-india-2025/