Table of Contents
- 1 Can I convert my SBI saving account to current account?
- 2 Can I change my SBI account type online?
- 3 Can I convert my SBI savings account to zero balance account?
- 4 How can I convert my SBI account to zero account?
- 5 Can I convert my savings account into a current account?
- 6 How can I transfer money from SB account to CA account?
Can I convert my SBI saving account to current account?
It is not possible to convert your savings account to a current account as both the accounts are different in nature and also have distinct features and benefits. While a saving account is meant for personal use and thus can be opened with basic documents for KYC.
Can I convert savings account to current account?
No, it is not possible to convert a savings account to a current account as both types of account are different in terms of facilities, features and benefits. Savings accounts are opened for personal use and are meant for emergency use whereas current accounts are operated by businesses for regular transactions.
Can I change my SBI account type online?
Step 1: Visit the official website ‘www.onlinesbi.com’. Step 2: Select ‘Personal Banking’ and using your username and password. Step 3: A home page will be displayed on your screen, click on ‘e-services’ tab on the top panel. Step 4: After that click on ‘Transfer of savings account’ from the quick links.
What is the minimum balance for current account in SBI?
SBI Bank Current Account Products
| S.No. | SBI Current Account | SBI Current Account Minimum Monthly Average Balance (MAB) |
|---|---|---|
| 1. | Regular Current Account | Rs. 10,000 per month |
| 2. | Power Gain Current Account | Rs. 2,00,000/- |
| 3. | Power Pack Current Account | Rs. 5,00,000 per month |
| 4. | Power PoS Current Account | Rs. 5,000 per month |
Can I convert my SBI savings account to zero balance account?
SBI gives its customers the option to convert their existing savings accounts to BSBD account, free of cost. 4) This SBI zero-balance account can be opened by any individual provided he/she has valid KYC documents.
Do we get passbook for current account?
On the account, no passbook is issued by the bank to the current account holders. Bank overdraft facility is provided to the current account only and not n the savings account. In contrast, current account requires high amount as the opening balance, to start the account.
How can I convert my SBI account to zero account?
If such zero balance account holders want to change and upgrade their accounts, they will have to request the bank in writing for that. Some banks may accept such requests through simple letters and some banks may ask you to fill up their printed application form, sign and submit it.
How can I convert SB account to current account in SBI?
Banks don’t convert one account into another account. Bank will open a new account and close the old account if you don’t need one. Converting SB account into Current Account is not possible in SBI. You can open a new current account can maintain SB as well as CA Accounts at the same time.
Can I convert my savings account into a current account?
Its free tool can help you retire comfortably. No, You can’t convert your Savings Account into current account. There is not any provision of account conversion in Banks. You have to close your saving account by visit the bank branch, If you have not need it more. Open a new current Account in the bank.
How to open an account in State Bank of India SBI?
State Bank of India SBI provides guidelines. 1. Hassle-free account opening process. On request, our officials will visit your premises to on-board your employees. An employee of Govt can also opt to open their accounts online or by visiting the nearest branch. 2.
How can I transfer money from SB account to CA account?
You can transfer money/funds in you Savings Bank (SB) account to Current Account (CA) in any bank by using funds transfer or NEFT or RTGS. You cannot transfer the account but only the funds. 🙂