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SBI Zero Balance Account new Rule, Interest Rates, Other Details Latest Update
SBI Zero Balance Account: Maximum of 4 withdrawals in a month is allowed in a SBI BSBD account.
State Bank of India (SBI) offers the facility of opening zero balance account, where average monthly balance (AMB) rule is not applicable. Average monthly balance (AMB) is the minimum average of deposits required by the bank customers in their savings bank accounts. One of the zero balance accounts offered by SBI is basic savings bank deposit (BSBD) account, where the customer is not required to maintain any minimum monthly balance. Basic Savings Bank Deposit (BSBD) account is primarily meant for poorer sections of society to encourage them to start saving without any burden of charges or fees, according to SBI’s website – sbi.co.in.