SBI bank has two types of savings account and they are primarily known as “Savings Account (regular category)” and “Saving Plus Account (which is a privileged account)”. Opening up a savings account in SBI needs the applicants to fulfill some of the criteria set by the bank. One who fulfills all the criteria will be able to get an account in SBI.
The Savings Account of SBI helps the customers to keep their surplus money and earn interest over the saved amount. The Savings account can be opened either individually or jointly along with others and even by the organizations and agencies which are RBI approved.
The customers need to comply with the guidelines ““Know Your Customer (KYC)””. This is done in order to prevent any kind of misuse of the banking system in order to avoid criminal offence like money laundering either intentionally or unintentionally.
The Documents Need:
The documents needed to open a SBI Joint Bank Account are not very different from the requirements laid down for individual ownership.
- Identity proof (passport, PAN card, voter ID, driving license etc.)
- Current Address proof (utility bills, bank account statement etc.)
- Recent photograph.
In case of SBI Joint Bank Account, unless and until, the joint applicants are very closely related, the proof of identity as well as that of the current address is to be separately furnished by the applicants. So, irrespective of the nature of the Savings bank account, SBI Joint Bank Account can be opened.