State Bank of India (SBI) is the largest public sector bank in India. It was first established in 1806 as Bank of India and later was reformed as the State Bank of India or SBI. It has around 1/4th of the market share and serves more than 45 crore customers. The bank has global presence with 229 offices worldwide in 31 countries abroad.
Currently, there are 22,000 SBI branches with 62,617 SBI ATMs. There are various subsidiaries of SBI, viz. SBI Life Insurance, SBI Mutual Fund and SBI Card etc. All these collectively make SBI a Fortune 500 company.
The following are the various services provided by the State Bank of India(SBI):
SBI Deposit Accounts
- SBI Savings Account – SBI offers 5 general savings accounts offering 4% interest and 2 specific savings account namely, Motor Accident Claim Account (MACT) and Resident Foreign Currency (Domestic) Account.
- SBI Salary Account – SBI offers 8 types of Salary Account for those in Corporates/Institutions, Central Government, State Government, Indian Railways, Defence Forces, Central Armed Police Forces, Police Forces and Coast Guard services.
- SBI Current Account – SBI current accounts for Firms
- SBI Debit Card – There are various types of SBI debit cards with up to Rs 2 lakhs of daily spending limit. SBI debit card issuance charges range from Rs 100 to Rs 300.
- SBI Credit Card – SBI offers a plethora of credit cards for lifestyle, shopping, travel, fuel, banking partnership and business-related activities. There are multiple SBI credit card offers available on the SBI Cards official website.
- SBI Personal Loan – SBI offers personal loans starting @10.65% p.a. to pensioners, salaried employees having or not having an SBI account along with special personal loans for Defence and Government employees having account with SBI.
- SBI Home Loan – State Bank of India home loans are available at minimal rates starting from 8.40% p.a. Interested customers can apply for SBI home loans online as well as at the branch.
- SBI Auto Loan – SBI offers auto loans starting from 8.40% of interest rate per annum under various heads, viz. SBI New Car Loan Scheme, SBI Certified Pre-Owned Car Loan, SBI Loyalty Car Loan and SBI Easy Ride Loan etc.
- SBI Loan against Securities – There are 5 types of SBI Loans against Securities, namely, SBI Loan against Shares, SBI Loan against Mutual Funds, SBI Loan against Sovereign Gold Bonds and SBI Loan against Time Deposit. Interest rates for these loans are communicated by the bank at the time of application/processing.
- SBI Education Loan – SBI education loans are offered at 7.95% interest per annum. There are 7 types of SBI education loans, viz. SBI Student Loan Scheme, SBI Scholar Loans (IITs, IIMs, NITs, etc.), Loans for those studying abroad (above Rs 7.50 lakhs), SBI Skills Loan (max. Rs 1.50 lakhs), SBI Takeover of Education Loan, Dr. Ambedkar Interest Subsidy Scheme for Overseas Studies for OBCs and EBCs and SBI Padho Pardesh Interest Subsidy Scheme for Overseas Studies for Minorities.
- SBI Consumer Durable Loan – This is SBI Debit Card EMI loan which customers can avail to convert their lump-sum purchases into easy SBI EMIs.
- SBI Fixed Deposit – SBI FD is offered at 6.10% interest rate for a fixed deposit tenure of 3 years to 10 years. Please visit the bank’s official website to check the FD interest rates for other FD terms.
- SBI Recurring Deposit – Customers can open an SBI Recurring Deposit for as little as Rs 100 per month for a minimum period of 12 months to a maximum or 120 months or 10 years. For RD rates, please visit the bank website.
- SBI Netbanking – SBI offers its internet banking services to its customers via the SBI netbanking portal of Online SBI. When you open a bank account with SBI, you can ask to activate the netbanking services in your account and then link this with your mobile number. You’ll be given an SBI netbanking login ID/username which you can use along with your password to access the online services like SBI NEFT, SBI RTGS, SBI Mini Statement and more.
- SBI Mobile Banking – SBI has various mobile banking apps like SBI YONO, SBI Quick and SBI Online to access the various banking services using just your mobile phone and an active internet connection.
- SBI WhatsApp Banking – +91 9022690226 is the SBI WhatsApp banking number that customers can use to get answers to their banking queries like getting their SBI mini statement or for SBI balance check. All you need to do is send a ‘Hi’ via WhatsApp on +91 9022690226 to access the SBI banking services.
- BHIM SBI Pay (UPI) – SBI BHIM Pay is the bank’s UPI service which can be used by the SBI bank account holders for transferring money via UPI.
- SBI Balance Enquiry – To know your last 3 SBI transactions or to get monthly SBI bank statement, customers can use the SBI balance enquiry service via SMS, netbanking or SBI Quick Missed Call Service.
SBI Customer Care – To register queries related to any SBI banking services or products offered by the bank, customer can contact the SBI customer care at 1800 1234.
Also, read about other Banks:
|Bank of Baroda||Central Bank of India|
|Bank of India||Indian Bank|
|Bank of Maharashtra||Indian Overseas Bank|
1800 1234 is the SBI customer care number which is also a toll-free number. Apart from this, 1800 2100, 1800 11 2211, 1800 425 3800 are the other SBI toll free customer care numbers.
You can check your SBI balance easily via call @ 0922376666 or via SMS (“BAL” to 09 2237 6666). Other options for SBI balance enquiry include the likes of SBI WhatsApp Banking, Netbanking, Mobile Banking and ATM.
Originally SBI was established as Bank of Calcutta, on 2nd June 1806. Later, in 1809, it was re-designed and named as Bank of Bengal. It was on 1st July 1955 that the bank was renamed as State Bank of India – once and for all.
1800 1234, 1800 2100, 1800 11 2211 and 1800 425 3800 are the SBI toll-free numbers.
SBI basic savings bank account, small savings account and SBI account for minors etc. comes with zero minimum balance requirement. However, other accounts like SBI Savings Plus account require MAB of Rs 10,000.
There is no maximum limit in SBI savings account. However, for SBI minors account, there is a limit of Rs 10 lakhs.
Yes, you can have multiple SBI accounts.
OnlineSBI is the internet banking portal by the State Bank of India. Here, you can log into your SBI netbanking account and perform NEFT, RTGS, etc. along with paying bills for credit card, utility bills, opening Demat account and more.
SBI YONO is the one-for-all mobile application for your banking needs w.r.t State Bank of India.
You can do 5 free withdrawals from your SBI debit card at any SBI ATM in a month. If you have a premium debit card, this number could go up.