Is there an option to open a SBI Savings Account online?
Yes, There is an option through which you can open a bank account online. State Bank of India (SBI) enables its customers who want to save money for the future and earn interest on their savings to open savings accounts online. Public banks offer some great options for savings accounts.
There are two ways to apply online
- Insta Savings Account(excludes branch visit)
- Digital Savings Account (includes branch visit)
Opening a bank account Online allows you to have a bank account opening process that is hassle-free, paperless, and doesn’t require you to visit a branch.
Follow the step-by-step instructions below to open a SBI savings account online
- Download the YONO SBI Mobile App from Google Play Store or Apple App Store.
- After installation, open the app and choose on “New Customer”.
- Then, select “Open Insta Savings Account”.
- Enter your registered mobile number with the bank and submit it.
- Enter the OTP received on the number.
- Set a password for the application.
- Read the instructions carefully and fill the FATCA Declaration Form.
- Enter your Aadhar Card Number.
- Enter your residential address and other details like PAN number, etc.
- Take a selfie for photo registration.
- Enter the additional information such as martial status, income, occupation, etc. and enter the nominee details.
- Select the branch nearest to your residence and read and accept all the Terms and Conditions and then select submit.
- Enter the OTP received.
- Enter the details for debit card.
- CIF number and account number are automatically generated.
- Your SBI Insta Savings Account will be opened successfully.
Please note that applicants must be new customers of SBI and do not have a bank account yet. Applicants must have an Aadhaar card and a PAN card before applying for a new bank account. The minimum balance to hold is Rs 0 and the maximum bank balance a client can hold is Rs 1 lakh.
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