5 Things To Know About SBI's Basic Savings Bank Deposit Account

State Bank of India (SBI) offers several types of zero balance accounts such as the basic savings bank deposit (BSBD) account and the no frills account. Zero balance accounts are saving accounts where average monthly balance (AMB) rule is not applicable. In other words, the account holder is not required to maintain any particular balance with the bank in order to ensure operability or avoid any penalty. Average monthly balance (AMB)...