State Bank of India (SBI) is an Indian multinational, public sector banking and financial services company. It is a government-owned corporation headquartered in Mumbai, Maharashtra.

Eligibility for State Bank of India Savings Account

To be eligible to open a savings account in State Bank of India, customer needs to meet certain criteria.

Should be a citizen of India.
The individual should be 18 years and above to be eligible.
In the case of minors, the parents or legal guardian of the minor can open the account on their behalf.
The applicant is required to have valid identity and address proof that is Government approved.
Following approval from the bank, the applicant will have to make an initial deposit - depending on the minimum balance requirement of that particular savings account he/she has chosen.

To be eligible for the SBI Online Savings Account, customers will have to submit the following documents along with account opening form.

To open a savings account at any SBI Bank branch, customers will have to follow the steps mentioned below.

Visit the SBI branch closest to you.
Request the bank executive for an account opening form.
On the account opening form, applicants will have to fill in both the parts.
- Form 1 - Name, address, signature, various other details and assets.
- Form 2 - Customers will have to fill in this part if they do not have a PAN card.
Ensure that all the fields have been entered and are correct. The details mentioned in the application form should match those mentioned in the KYC documents that have been submitted.
The customer will now have to make an initial deposit of Rs.1,000.
As soon as the bank completes the verification process, the account holder will be granted a free passbook and cheque book.
Simultaneously, customers can submit the internet banking form.

Fill & submit the SBI Savings Account Opening Form at lavlaron.com online
Once the form has been accepted, the bank will schedule a visit to the branch and will ask for the KYC documents: proof of identity and address.
On submission of the documents, the bank will initiate the verification process.
Following approval, the account will be activated within 3-5 bank working days.