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What is Lotus savings account SBI?
Saves you interest even if you pay for a purchase in installments. And lets you sell shares or cherry-pick a mutual fund scheme. In addition to helping you keep track of your spends. That’s the new digital platform from State Bank of India (SBI) — code-named Project Lotus — to be unveiled both as a website and an app.
How do you know if my SBI account is zero balance or not?
Step 1: Firstly, swipe your SBI ATM card (debit card) in the ATM kiosk. Step 2: Enter the 4-digit ATM PIN. Step 4: Available savings account balance will reflect on the screen.
Which bank is best for zero balance account SBI?
Latest Interest Rate for Zero Balance Savings Account
| Bank | Name of zero-balance savings account | Interest rate |
|---|---|---|
| HDFC Bank | Basic Savings Bank Deposit Account | 3.50\% to 4\% |
| Axis Bank | Basic Savings Account | 3.50\% to 4\% |
| ICICI Bank | Basic Savings Account | 3.50\% to 4\% |
| State Bank of India | Basic Savings Bank Deposit Account | 3\% to 3.25\% |
Which bank has lowest minimum balance for savings account?
List of All Banks Savings Account Interest Rates and Minimum Balance 2021
| List of Savings Account Banks | Minimum Balance Required(INR) | Savings Account Interest Rates (p.a.) |
|---|---|---|
| ICICI Bank | 0/1000/2000/2500/5000/10000 | 3.00\% – 3.50\% |
| IDBI Bank | 500/2500/5000 | 3.30\% – 3.80\% |
| IDFC Bank | 25000 | 6.00\% – 7.00\% |
| Indian Bank | 250/500/1000 | 3.00\% |
How do I know if I have zero balance?
Calling a Toll-Free Number
- Call 1800-270-3333 to check your account Balance.
- Dial 1800 1800-270-3355 to check your Mini statement.
- You can call 1800-270-3377 to get Account Statement.
- You can call 1800-270-3344 for mobile banking.
Can I open zero balance account online?
Open digital account online without any restrictions: Complete your verification through Video KYC and open a digital savings account without any restrictions. 811 #DreamDifferent Credit Card: Apply for Zero Balance Account and you can apply for 811 #DreamDifferent Credit Card without paperwork or joining & annual Fee.
Which bank offers zero balance account for students?
ICICI and PNB are among the best banks in India for students that offer zero balance accounts.
How to open ZeroZero balance account in SBI?
Zero balance account in SBI: BSBD account can be opened by any individual by taking up KYC verification. State Bank of India (SBI) offers a special type of savings bank account, known as the basic savings bank deposit or BSBD account.
What is a lotus savings account in SBI?
SBI lotus savings account is a yono account opened with the assistance of branch. It is also a digital account. If the reference number you carry along with you doesn’t work branch staff will open it under branch assist mode What is the difference between Regular SB account and Digital SB account (YONO) in SBI? How do I open a regular SB account?
Which banks in India offer zero balance savings accounts for minors?
State Bank of India (SBI) also offers “Pehla Kadam” and “Pehli Udaan” zero balance savings account for minors. One also does not need to maintain Monthly Average Balance (MAB) in these accounts. Apart from these, SBI also offers a zero balance savings account, which can be opened by customers even without having KYC documents.
What is the maximum cash withdrawal from SBI Zero Balance savings account?
SBI zero balance savings account allows a maximum of 4 cash withdrawals free of cost in a month, including ATM withdrawals at own and other bank’s ATMs. 9. For SBI zero balance savings account, basic RuPay ATM-cum-debit card will be issued free of cost and no annual maintenance charge will be applied.