The SBI or the State Bank of India is the largest bank in India. The SBI offer their customers bank accounts. For more information on how to apply for bank accounts, please read our article regarding that, the title is, Open a Savings Bank Account with SBI. But if you are looking for what types of bank accounts are offered, here are some types of bank account: savings account, current, PPF account, salary accounts, senior citizen and retirement savings account, no frills account, group account, demat account corporate group account, business current account, online bank account for the world wide web use, 3-in-1 account for online trading, international banking Nostro and Forex trading account, NRI accounts like NRE, NRO, FCNR accounts and so much more.
1) Savings account.
If you are going to have a deposit here, it is liquid, could give you a high interest and most important of all, it is very safe.
2) No Frills Account.
If you cannot have some of the requirements of the SBI, you may try to apply at the no frills account as this targeted those customers who cannot pass some of the basic requirements. They will also charge fewer amounts and could give you minimum balance maintenance.
3) Salary Account.
This is good for the employees, as this will manage the salary of the employees and instant credit of salaries to the employees’ account will be made easier.
4) NRI Accounts.
This is the special account for the savings and transactions for the NRI’s. It also includes other accounts like NRE rupee, NRO A/cs, FCNBR, savings, current accounts and fixed deposit accounts.
5) International Banking Accounts.
This is the solution for the international banking. And also includes, Nostro accounts, Forex , trading account and more.
6) Corporate accounts group.
This is good for the corporate clients which needs the banking needs.
7) Online Trading Accounts.
This is good for the online trading services by a special trading account.
8) Internet Banking Account.
It is just a click and away right in your computer, it will enable you to have transactions via your internet.
9) Demat account.
Your share trading and investment in mutual funds and other equity and debenture derivatives and products is done through this SBI’s Demat account.
10) Government account.
This is coordinating agency among dealings of the Central Government and RBI transactions. This account handles government business.
11) PPF account.
This invites investments to the fund and in return also offers income tax rebates along with interest on the investments. It also offers PPF account where you can manage your investments in PPF.
12) Business current account.
It is customized for the businessmen with the easy fund transfer; bill handling and outstation cheque collection facilities.
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The SBI account opening have contributed in increasing customer base of SBI and made it India’s largest bank. For other information regarding the SBI read some of our articles.
The features of SBI are very applicable to their every customer as they have many accounts to choose from. And you even don’t have to waste time, as it goes online. Now you can transact with the bank via you PC which is less hassles. Enjoy some of our articles and have a good wealth every one!