INSUBCONTINENT EXCLUSIVE:
Customers can add more to their savings with SBI's savings plus account.State Bank of India (SBI), country's largest lender, provides
different types of accounts where customers can save and grow their hard-earned money
SBI's savings plus account, one such product offered by bank, is a type of savings bank account linked to multi option deposit (MOD) account
In SBI savings plus account, any surplus fund above a threshold limit from savings bank account is transferred automatically to fixed
The mode of operation can be single, joint or with either or survivor, former or survivor, anyone or survivor, mentioned SBI on its
A monthly average balance (MAB) requirement is applicable for maintaining SBI's savings plus account
Monthly Average Balance (MAB) is sum of all end of day (EOD) closing balance divided by number of days in that month
Given below are MAB requirements of SBI savings plus account as per geographical location where account is maintained:(As mentioned on
minimum of Rs 10,000 and in multiple of Rs 1,000 at one instance, lender noted.6
This means that minimum threshold limit for transfer of multi-option deposit (MOD) account is Rs 35,000.7
banking, SMS alerts are available in SBI savings plus account also.9
