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SBI Student Bank Account

Contents

  1. How to Apply for SBI Student Bank Account
  2. How to apply for the SBI student bank account online
  3. Apply for the SBI student bank account through SBI Branches
  4. How to open an SBI savings account with the help of your college 
  5. Advantages of Student Bank Account
  6. Disadvantages of Student Bank Account
  7. Contact details of SBI

How to Apply for SBI Student Bank Account

  • You can apply for a student bank account online through SBI's website http://www.sbi.co.in
  • You can apply for a student bank account by a direct visit to the nearby SBI branch.

How to apply for the SBI student bank account online

  • Open the page https://oaa.onlinesbi.com/oao/onlineaccapp.htm and fill the bank account opening form online
  • Take a print out of the filled-in application form
  • Along with a filled form, the person also has to submit a photocopy of college ID proof, two passport size photographs and identity proof like passport, voter id card as well as any address proof (though for college students, the address of hostel is sufficient).
  • Now you can submit the application form to the nearby SBI branch.
  • Your student bank account will be opened within few days of time.
  • A welcome kit will be given to you, containing ATM card and a check book. Though the account gets open in a matter of days, sometimes the checkbook and ATM card can take a couple of weeks to arrive. It normally ships to the address mentioned in the account form.

Apply for the SBI student bank account through SBI Branches

  • If downloading and filling the form is not possible, the person can also get the form directly from nearest SBI Branch.
  • As documents, the student has to provide Identity proof, college Id proof and 2 passport size photographs.
  • Fill the form and submit it to the bank, students can fill their college room address as temporary address and are required to fill their home address as a permanent address.
  • A welcome kit will be given to you, containing ATM card and a check book.

How to open an SBI savings account with the help of your college

  • If your college is an SBI client then it is very simple to open the student saving account.
  • You have to just collect the application form and fill it.
  • The college will take the responsibility of submitting all other documents.
  • Your SBI student account will be activated more quickly here than any other medium.

Eligibility:

  • Residents of India, above 18 years of age and up to 30 years of age, at the time of entry, are eligible to open this account.

Features:

  • ATM cum Debit card
  • Mobile Banking
  • Internet Banking
  • Cheque Book

The rate of interest on SBI saving account is 4 % per annum.

Advantages of Student Bank Account

  • Minimum balance limit is often Rs 500 or in some cases Zero
  • No need for formal address proof
  • No need for Pan card (as often needed for big transactions)

Disadvantages of Student Bank Account

  • Student Bank accounts normally get disabled after 4 years or get upgraded to a normal bank account.

Contact details of SBI

Students looking to open their account in SBI can Contact them at 1800 11 22 11 (Toll free from BSNL/MTNL landlines) or (080) 2659 9990 (other lines) or can also contact SBI through their website http://www.sbi.co.in