Table of Contents
- 1 How can I open Flexi account in SBI?
- 2 How can I convert my saving account to mod in SBI?
- 3 What is SBI Flexi account?
- 4 How do I convert my savings account to a overdraft?
- 5 How can I get auto sweep facility in SBI?
- 6 Which account is best for savings?
- 7 How do I convert my SBI SBI account to saving plus?
- 8 How can I Change my SB account to SB Plus account?
How can I open Flexi account in SBI?
Log into onlinesbi.com, SBI’s net banking portal. On the ‘Request’ tab, SBI customers can find the e-Fixed Deposit tab. To initiate the account opening process, users have to click on ‘e-RD/e-SBI Flexi Deposit link’. Select the ‘e-RD’ option and click on the ‘proceed’ button to move further.
How can I update my SBI saving account?
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.
How can I convert my saving account to mod in SBI?
Login to SBI Mobile Banking application. After successful login, tap and open e-Deposits and next screen select Open Multi Option Deposit. On the next screen, select your Debit account number, enter the amount, select TDR or STDR deposit option, select tenure and submit.
Can we convert SB 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.
What is SBI Flexi account?
The Flexi Deposit Scheme offered by State Bank of India is a variant of a Recurring Deposit. Under the scheme, you can deposit money in variables rather than a fixed instalment. It can be opened for 5 years, and a maximum tenure of 7 years. The interest offered on this flexi deposit scheme is 5.40\% p.a.
Does SBI have flexi account?
Unlike Recurring Deposit account, SBI Flexi Deposit offers flexibility in choosing the deposit amount within the minimum and maximum limits per financial year. What is the minimum and maximum limit for SBI – Flexi Deposit? Deposits can be made anytime during a month and any number of times.
How do I convert my savings account to a overdraft?
Pay the balance on an overdraft account (Pay to self)
- Open the Google Pay app .
- On the “Start a payment” page, tap Self transfer.
- Select two bank accounts: One for “transfer money from” and the overdraft account you want to “transfer money to.”
- Enter the transfer amount and notes, if required.
- Tap Proceed to pay.
What is SB 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.
How can I get auto sweep facility in SBI?
Activating auto sweep facility in SBI using Yono mobile application
- Open the mobile application.
- Click on e-fixed deposit option.
- Click on Multi Option Deposit.
- Select the account which you want to activate the auto sweep facility on.
- Click on OK or submit.
- Now you need to enter your transaction password and/or OTP.
What is the interest rate for mod balance in SBI?
Features of the SBI Multi Option Deposit
| Account Type | Single and Joint |
|---|---|
| Rate of Interest | Min: The minimum interest rate that can be earned on MOD is 2.90\% per annum. Max: The maximum interest that can be earned is 5.40\% per annum. The interest rates will depend on the tenure of the deposit and the amount that is deposited. |
Which account is best for savings?
Top Banks that have the Best Savings Account for Individuals
- State Bank of India (SBI) Savings Account.
- HDFC Bank Savings Account.
- Kotak Mahindra Bank Savings Account.
- DBS Bank Savings Account.
- RBL Bank Savings Account.
- IndusInd Bank Savings Account.
What is SBI – flexi deposit?
How it is different from Recurring Deposit account? Unlike Recurring Deposit account, SBI Flexi Deposit offers flexibility in choosing the deposit amount within the minimum and maximum limits per financial year. What is the minimum and maximum limit for SBI – Flexi Deposit?
How do I convert my SBI SBI account to saving plus?
You can either visit your bank branch or convert your account into Saving Plus by Services tab in Internet Banking. Now whenever your Account Balance is in excess, SBI will convert it automatically in Multi-Option-Deposits or MODs which offer interest rates of FDs but convinience of Saving Bank account.
How to book FlexiPay in SBI Card?
Log on to your SBI Card online account. Click on ‘Flexipay’ under the Benefits section on the left hand navigation. Select the transaction (s) >₹ 500 you want to convert into Flexipay, select the tenure and rate of interest and confirm the booking. Click here to watch demo. Call the SBI Card helpline to book Flexipay.
How can I Change my SB account to SB Plus account?
You can convert simple SB account into SB Plus account. You can change either by branch after submitting the application or through Net Banking. After converting you can use your balance to auto create and break MOD FD. Through branch we may have to wait for single day but the Net Banking converts immediately without visiting branch.