State Bank of India (SBI) Savings Account Requirements: Updated Guide

Opening a savings account at State Bank of India (SBI) involves submitting a set of specified documents to ensure compliance with Know Your Customer (KYC) regulations. These requirements can vary slightly based on individual needs, so it is important to verify the latest information directly with SBI or their official website. Here is an overview of the typical documents needed:

Identity Proof

Identity proof is one of the most critical documents required for opening a savings account with SBI. You must provide one from the following list:

Aadhar Card Passport Voter ID Driving License Any other government-issued ID

Address Proof

Address proof is also required to demonstrate where you reside. Acceptable forms of address proof include:

Aadhar Card Passport Utility bills (not older than 3 months) Rental agreement Bank statement

Photographs

Typically, you will need to provide:

Two recent passport-sized photographs

PAN Card

The Permanent Account Number (PAN) card is a crucial document used for tax-related purposes. While not always mandatory for opening a savings account, it is highly recommended for complete documentation.

Know Your Customer (KYC) Form

Every individual opening an account must fill out a KYC form as part of the regulatory requirements. This form provides essential information to SBI for record-keeping and compliance purposes.

Initial Deposit

Some SBI savings accounts may require an initial minimum deposit. However, it is advisable to confirm the specific requirement with SBI as details can vary depending on the account type.

Alternative Identity Proofs

In cases where the above documents are not available, the following alternatives may also be accepted:

NR SERIAL NO. of possession of Aadhaar Driving Licence Card Letter issued by the National Population Register containing the details of name and address

Additionally, for a more convenient process, some banks such as IDFC First Bank allow customers to open a savings account using digital methods with the documents mentioned above.

Necessary Identifying Documents

No matter which bank you choose, ensuring you have the following documents is crucial:

Permanent Account Number (PAN) or Form No. 60 (except for small accounts) Photographs One Officially Valid Document (OVD) for proof of identity and current address, such as: Passport Driving License Proof of Possession of Aadhaar Number Voter’s Identity card issued by the Election Commission of India Job card issued by NREGA duly signed by an officer of the State Government Letter issued by the National Population Register containing details of name and address

For detailed and up-to-date requirements, always refer to SBI’s official website or contact their customer service directly.