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SBI Savings Account Zero Balance Open: If you want to open a Savings Account, then this news can prove to be of your use. You can open a Zero Balance Saving Account in the country’s largest bank State Bank of India only on zero balance. You will have to visit your nearest branch for this, you will have to fill a form by going there.
Zero Balance Saving Account
You will get the facility of Zero Balance Saving Account of SBI in every branch of the bank. You do not need to spend any money to open an account in this. It is also called zero balance saving bank account. There is no limit on the maximum amount to be kept in this account. You just do not get the facility of checkbook in it. You have to fill the form to withdraw the amount from the savings account or you can use the ATM.
Must have KYC
Basically this facility is for poor people. In this account any person can open his account with zero balance. Also, these accounts can be opened as a joint account. He should have valid KYC documents. By which they can be encouraged to make savings without the burden of any fees.
This facility will be available for free
You can withdraw cash 4 times in 1 month for free. You can also withdraw cash through Aadhaar. You get a basic Rupay ATM-cum-debit card for free. There is no annual fee on this.
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no limit on balance
If you want to withdraw the amount, then you have to give the withdrawal form in the branch. Also you can withdraw cash from ATM. On the other hand, if you do not use your account for 2 years, then your account becomes doormat. In such a situation, you can activate it by submitting its documents.
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