new Delhi. From opening an account in a bank to getting a new SIM card, it is very important to have KYC (Know Your Customer-KYC). Through this, the applicant is identified. Without this, you cannot open an account in a bank. In such a situation, if you do not have documents related to KYC, then do not take tension because SBI is giving a special facility to such people. Under this, you can open an account and keep money without any documents. The name of this account is SBI Basic savings Deposit Small Account. There is no additional charge or fee of any kind.
Know who can open an account
By the way, anyone above 18 years of age can take advantage of this special facility of SBI. But the basic benefits of Basic Savings Deposit Small Account are more to the poor and economically weaker sections. Because such people usually do not have other documents including identity card. Due to this, they are not able to open their account in the bank. To overcome this problem, SBI has started this account facility. In this, they can open an account without any documents or extra charges and can keep their deposits secure.
How much balance can you keep
You can keep up to Rs 50,000 in this account. At the same time, the total withdrawal or transfer amount should not exceed Rs 10,000 in a month. At the same time, the total credit amount should not exceed Rs 1 lakh in a year. Since it is a small savings savings account, a large amount cannot be kept in it. These accounts can be opened in any branch of SBI.
How many times can you withdraw money in a month
Money can be withdrawn only 4 times in a month through this bank account. This will include all types of transactions such as withdrawal of director money by going to bank, cash withdrawal from ATM or RTGS / NEFT / clearing / branch cash withdrawal / transfer / internet banking debit / EMI etc.