Benefits of SBI Saving Account Plus

by Shakti Singh Dulawat on June 23, 2010

If there is a good deal with your money these hard days, it can only be found at State Bank of India with their great benefits in view of saving accounts, specifically their saving account plus.  Actually SBI offers two related types of savings account – the first one is savings account and secondly the savings plus account.  The purpose of the savings account is primarily designed to aid individuals regarding saving money for their future monetary plans.  A free ATM with debit card is provided by SBI to their clients.  Twice a year is the term of giving the interest rate for the savings account type of banking.

The second type of banking namely, the savings plus account provides the easy transaction of savings account together with the term deposit account.  The surplus money in the account of the client exceeding the agreed limit, for the minimum of Rs.10,000 and in multiple of Rs.1000 are deposited separately as term deposit which likewise earns high interest as stipulated in view of term deposits.

The following are generally considered as the best benefits of saving account plus in the State Bank of India:

  • There is a free passbook facility which is always available at home branch for the savings account plus clients.
  • The unlimited free transactions in view of withdrawing cash enquiring for balance, in all bank ATMs & with the use of your Debit Card you can also avail the free and limitless transactionin any other Bank’s ATM.
  • There is also a free Debit Card given to primary account holder.
  • Another is the free cheque book that is free of usage charges.
  • There is also a free Demand Drafts on designated Bank locations of upto Rs. 50000
  • Atnon-home branches, transactions regarding withdrawal or deposit can also be made free of payment by yourself or any authorized person.

There is also a free Transferof National Electronic Funds, Banking via the internet, Phone and Mobile Banking.

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