Product Details
Bank Name
State Bank Of India
Account Name
SBI Insta Plus Video KYC Savings Account
Account Type
Savings
Interest Rate
Balances less than Rs. 10 Crore - 2.70% p.a.
Balances Rs. 10 Crore & Above - 3.00% p.a.
Free Debit Card
Rupay classic card will be issued.
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Account Opening Fees
0
Annual Maintenance Fees
NIL
Minimum Account Balance
NIL
Debit Card Charges
0
NEFT Charges
NIL
IMPS Charges
NIL
Fees and Charges
SBI Insta Plus Video KYC Savings Account
Special Features
Free rupay debit card.
Eligibility Criteria
Resident Indians above 18 years of age and who are literate. New to bank customer and does not have an existing account with SBI. In case customer has any active relationship/CIF with the bank, she/he is not eligible for this account. Mode of operation allowed is only “Single”.
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Paperless digital account opening.
Wide branch network of SBI can be accessed.
Free debit card.
NEFT and IMPS offered by the bank are free if done online.
Cons
Low interest rate.
Minimal value add features.
SBI Insta Plus Video KYC Account Review.
The account can be opened digitally, without visiting the branch. The interest offered on the account is low. The value add features offered with the account are minimal.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai