State Bank of India customers can operate without minimum balance restrictions
State Bank of India small and basic savings bank deposit accounts do not restrict the account holder to maintain a specific average of daily balances in a month.
"State Bank of India (SBI) is the largest commercial bank in India in terms of assets, deposits, profits, branches, customers and employees.It is a government-owned corporation with its headquarters in Mumbai, Maharashtra.
The origins of State Bank of India date back to 1806 when the Bank of Calcutta (later called the Bank of Bengal) was established. In 1921, the Bank of Bengal and two other banks (Bank of Madras and Bank of Bombay) were amalgamated to form the Imperial Bank of India. In 1955, the Reserve Bank of India acquired the controlling interests of the Imperial Bank of India. In the year 1955, the Government of India nationalized the Imperial Bank along with the Reserve Bank of India. Ever since that time, the bank acquired its present name that is SBI.
The SBI group consists of SBI and five associate banks. The group has an extensive network; with over 20,000 plus branches in India and another 191 foreign offices spread over 36 countries across the world. As of 31st March 2015"
“Most Admired Infrastructure Financier” Award by KPMG,
“Top Public Sector Bank under SME Financing” by Dun and Bradstreet
“Most Preferred Housing Loan” and “Most Preferred Bank” in the CNBC AWAAZ Consumer Awards
Best use of Technology in Financial Inclusion, 2014
Asia’s Best CSR Practices Award-2013- Singapore by CMO Asia
Asian BFSI Awards-2013,Dubai by Asian Leadership Awards