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Q: What is the initial deposit to open an accout in sbi?
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How can you open an account in SBI?

You need the following to open a bank account:An Identity Proof - Passport or Driving LicenseAddress Proof - Passport or Driving License or Phone BillPhotograph - For the bank recordsProof of Employment - For the bank records to know more about youAn Introducer - This is usually a requirement for the bank to postpone all the due diligence they would do on you to a later point of time. An introducer should be someone who has an existing relationship with the bank.Initial Deposit Money - When you open an account, the bank expects you to deposit a minimum amount (Depending on the type of account you are opening)You can walk into any branch of SBI and open an account if you have all the above items.


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Need document to open current account of SBI?

The documents that are needed to open the current account of SBI are used for identification purposes. The application form can be downloaded from the internet by visiting the nearest branch.


How do you open a savings account in SBI bank?

You need the following to open a bank account:An Identity Proof - Passport or Driving LicenseAddress Proof - Passport or Driving License or Phone BillPhotograph - For the bank recordsProof of Employment - For the bank records to know more about youAn Introducer - This is usually a requirement for the bank to postpone all the due diligence they would do on you to a later point of time. An introducer should be someone who has an existing relationship with the bank.Initial Deposit Money - When you open an account, the bank expects you to deposit a minimum amount (Depending on the type of account you are opening)You can walk into any SBI branch near you and provide these documents and ask for a savings account. The bank will give you an application form and once you fill it, you'll get the savings account from SBI.


Can you convert your seving account money into short term fixed diposit with sbi?

Yes, you can. SBI offers short term fixed deposits starting with as low as Rs. 1000/- and for durations as short as one month. So, you can easily get a short term fixed deposit opened with the money you have in your savings account. You need to visit your bank and then fill up the form to open the deposit. In the source of funds section, you can mention your account number and suggest that the bank debits your account to start the fixed deposit. The bank will be happy to oblige as long as you have funds in your account.