Can I convert my SBI saving account to current account?

It is not possible to convert your savings account to a current account as both the accounts are different in nature and also have distinct features and benefits. While a saving account is meant for personal use and thus can be opened with basic documents for KYC.

Can I convert my savings account to a current account?

No, it is not possible to convert a savings account to a current account as both types of account are different in terms of facilities, features and benefits. Savings accounts are opened for personal use and are meant for emergency use whereas current accounts are operated by businesses for regular transactions.

What is the minimum balance for SBI current account?

Rs 5,000
Low Monthly Average Balance: Rs 5,000. Free Cash Deposit upto Rs 5,00,000/- per Month. Convenience to withdraw and deposit cash at all 22000+ SBI Bank branches. Free Cash Withdrawal from Home Branch.

Can I convert my SBI savings account to zero balance account?

SBI gives its customers the option to convert their existing savings accounts to BSBD account, free of cost. 4) This SBI zero-balance account can be opened by any individual provided he/she has valid KYC documents.

How can I get current account in SBI?

SBI Current Account Opening Procedure

1. Visit the Bank’s website or the Bank’s online current account portal.
2. Select the ‘Open current account’ option.
3. Fill in the personal details in the current account application form.
4. Download the application form and submit the printed copy in the Bank on your next visit.

How to change address in SBI bank account?

SBI Address change by visiting bank branch Alternatively, you can carry the address change request form and address proof and submit it directly to the bank officials at your SBI home branch.

How can I transfer money from SBI SB to CA account?

You can transfer money/funds in you Savings Bank (SB) account to Current Account (CA) in any bank by using funds transfer or NEFT or RTGS. You cannot transfer the account but only the funds. 🙂 Currently there is no facility in SBI to convert your SAVINGS account into a CURRENT account.

Can I convert my SB account to a current account?

In case you want a conversion you have to close your SB account and open a Current Account. Open a new current account and tag it to the same customer I’d. Banks don’t convert one account into another account. Bank will open a new account and close the old account if you don’t need one.

How to transfer savings account in SBI NetBanking?

Go to the SBI internet banking website using your phone (onlinesbi.com). Now login to SBI netbanking using your user id and password. Fill in the captcha on the screen and click on the Login button. As you login to SBI netbanking from the dashboard, select the E-services option. On the new page, click on the Transfer of savings account option.