Quick Answer: Can We Have 2 SBI Accounts?

How can I convert my SBI account to SBT?

If you log on to the old SBT website, you will be automatically redirected to the SBI website (https://www.onlinesbi.com).

You can use the same username and password to do transactions..

How many accounts can a person have in bank?

Having up to two bank accounts is ideal, or at best three. But beyond this, it does no good to your money life.

What is the benefit of Yono SBI?

To eliminate the risks of skimming and cloning, SBI has introduced YONO Cash to facilitate cardless cash withdrawal through the YONO App. Customers can initiate the cash withdrawal process by installing the YONO App and setting a six digit YONO Cash PIN for the transaction.

How can I use two SBI account online?

The accounts under the same CIF are mapped automatically by default at the time of activation of your OnlineSBI credentials. Old Login interface: Profile->Manage A/c Display->UnHide Accounts. New Login interface: My Accounts & Profile->Profile->Manage A/c Display->UnHide Accounts. Select the accounts and click submit.

How can I merge two SBI account?

First you must decide the branch you would like to operate. Then get the other account transferred to that branch. Once the account is transferred you can request the branch to club the CIF number of both the accounts.

Which bank is better Icici or SBI?

SBI has an average customer ratings of 4.2, while ICICI Bank has an average customer rating of 4.1, based on which it is clear that SBI has a high customer service focus, an easy Home Loan process and a quick turnaround.

What is the maximum balance in SBI savings account?

Rs.50,000Basic Savings Bank Deposit Small Account Will be issued a basic RuPay ATM-cum-debit card. The maximum balance that can be maintained in an account is Rs. 50,000. No minimum balance needs to be maintained.

What is minimum balance in SBI?

Currently, SBI savings bank account customers need to maintain an average monthly balance of Rs 3,000 in metro, Rs 2,000 in Semi urban and Rs 1,000 in rural areas. Further, the bank used to levy a penalty of Rs 5 to Rs 15 + taxes on non-maintenance of average monthly balance as stated above.

Is it bad to open multiple savings accounts?

“Having more than one savings account is a good idea because it creates a specific plan for your money,” Schulte says. At the end of the day, how much you save matters—but so does where you save. If you’re trying to accomplish multiple savings goals, opening multiple bank accounts may be the right plan for you.

Is it better to have one or two bank accounts?

The number of bank accounts you really need is up to your personal spending, but traditionally, just two accounts – checking and savings – will do. There is an old saying that goes, “the more money you have, the better.” … You can also add an account that saves you ATM fees and another for foreign transactions.

Can I have two CIF number in SBI?

You can’t link two accounts under different CIF through internet banking. … RBI mandates Unique Customer Identification Code (UCIC) for banks’ customers in India. Every unique customer should have a unique customer number. So tell the bank you have two CIFs.

Is salary account safe?

The answer is : YES. Having more than 1 account is always advisable. … If you keep all your money in Salary account, which is having a Debit card and Internet banking facility, there is very high chance of spending more money. So to keep unnecessary expenses in check, you should have more than 1 account.

How many accounts can a person have in SBI?

Yes, you can have multiple SBI accounts in different or same branches and can even link both the accounts with that username. There is nothing illegal for a person to have two Bank accounts with SBI with same identity proof. Not only that, he can link his both accounts also.

Can I convert my SBI saving account to salary account?

Can it be converted to Salary account? Yes. Existing saving account with SBI can also be converted to CSP account. … Four variants, namely Silver, Gold, Diamond and Platinum are available, depending on the level of the employee’s gross monthly salary or Rank/ Designation of the employee.

What is the maximum limit of saving account?

Maximum balance to the credit of such account should not exceed at any time Rs. 1,00,000/-. For accounts of minors above-14-years,there is no limit to maximum balance.

Which account is best in SBI?

Five Types Of Accounts That You Can Open With State Bank Of India (SBI)SBI’s savings bank account. A savings bank account is a basic account that safeguards customer’s money. … SBI’s savings plus account. … SBI’s current account. … SBI’s small account. … SBI’s basic savings bank deposit (BSBD) account.

Is SBI good for salary account?

Benefits of SBI salary account The main benefits of the salary account are – Zero balance account and free unlimited transactions across ATMs of any bank, free ATM-cum-debit card, an additional ATM card for the joint account holder, free Internet banking, free multicity cheques etc.

What is difference between saving and salary account?

A Salary Account is opened by an organization with the purpose of crediting the salary to the employee. A Savings Account can be opened by anyone with Aadhar card to deposit money for the purpose of holding or saving it with the bank. … A Salary Account is created by the employer. Anyone can open a Savings Account.

How can I transfer my SBI account to another branch?

Steps to transfer account via Net banking/onlineGo to e-service tab. Click on more.Scroll down to ‘Transfer of Savings Account’Select the account number that you want to transfer. … Next, click on Get Branch Name. … Accept the ‘Terms and Conditions’ and press submit. … This is the fastest mode as compared to offline mode.

Can I have two savings account in SBI?

Yes, you can open two savings account for an individual. Whenever anyone opens an account in SBI for the very first time, a CIF No. ( Customer Information File) is generated along with the account number. Now if you want to open another account, your CIF number will be same and you will be given another account number.

Can I open two account in same bank?

You can’t have 2 accounts in the same bank as you will be having only 1 customer id. But you can have 1 single account and 1 joint account in the same bank.