You can also open Zero balance saving account in the country’s largest bank, State Bank of India (SBI). The most important thing is that this account can be opened without any valid KYC. Usually, banks strictly follow the KYC procedure before opening any account. By the way, SBI can open a small account which can not have a valid KYC document. Yes, he must be over 18 years of age. Let’s know some special things related to it.
To open an account, to open
a small account of SBI, you have to give self attested (self-verified) photo, signature and thumb impression to the bank officer concerned.
You can maintain zero balance in this small account, but the maximum balance should not be more than Rs. 50,000.
SBI issues this account to the Basic Rupee ATM or Debit Card account holder. No annual fee is paid. There is no duty to pay money on NEFT / RTGS and other mediums, check issued by the government. If you want to close your account, then you also have to pay no fees at that time.
These are some of the conditions which have to be taken care of
– The maximum balance in SBI’s Zero Balance Account should not exceed Rs 50,000 in any case.
– The withdrawal and deposit of money in any month should not exceed Rs. 10000.
– Total credit should not exceed one lakh rupees in a financial year
– If the balance goes up to 50000 rupees and in the year the credit of the account is more than one lakh rupees, then you will be able to do the next transaction only when you have the procedure of KYC Dasveja Will complete
According to the news of NDTV profits, under this account you will be able to make 4 transactions total in a month.