What is SBI premium savings account?
Table of Contents
Transaction Limits
| SBI Premium | Domestic (in Rs) | |
|---|---|---|
| Daily Cash Limit at ATMs | Maximum | Rs. 2,00,000 |
| Daily PoS/ e-Commerce Limit | Maximum | Rs. 5,00,000 |
| Daily Cash Deposit Limit at Cash Deposit Machine | Maximum | Rs. 49,900 |
How many types of SBI account are there?
Types of SBI Savings Account State Bank of India has put forth 6 different types of saving account options for its customers.
What is the difference between savings and savings plus account?
Savings Plus Account is a Savings Bank Account linked to MODS, wherein surplus fund above a threshold limit from the Savings Bank Account is transferred automatically to Term Deposits opened in multiples of Rs. 1000.
What is SBI Plus account?
According to SBI, SBI Savings Plus Account is a savings bank account linked to the Multi Option Deposit Scheme (MODS), in which surplus funds from the Savings Bank Account are automatically transferred to Term Deposits in multiples of Rs. 1000 maintained in any SBI branch.
What is the benefits of saving plus account in SBI?
Features of SBI Savings Plus Account There is no requirement for monthly average balance (MAB) Restricted free withdrawals based on maintenance of monthly average balance. 25 free cheque leaves every year. Further issuance of the cheque will be chargeable based on the maintenance of the quarterly average balance.
How can I convert my SBI account to savings plus?
SBI saving plus Account creation through offline
- The customer should visit the nearest branch of their locality.
- Discuss with the banking official in opening an SBI saving plus account.
- Present the application form, Form 60, Nomination form and other essential documents required for account opening.