What is SB general account in Union bank of India?
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What is SB general account in Union bank of India?
The Basic Saving Bank Deposit Account should be considered as normal banking service. This account shall not have the requirement of any minimum balance.
What is SB in banking terms?
Difference Between Salary Account and Savings Account (SB Account) In A Bank.
SPECIAL SB SCHEMES VARIANT – I (SB Premium) SBPRE Product for customers who maintain good balance in the accounts, with additional facilities to normal savings account. Eligibility. Accounts can be opened by all those who can open regular savings bank accounts. Quarterly Average Balance.
What is the minimum balance for SB account in Union bank?
No minimum balance requirement as account can be opened with Zero balance. Cash Deposit Charges will be applicable for any cash deposit in the account. Receipts through Digital Channel – Free and Unlimited.
What is the difference between SB account and current account?
While a Savings Account is one wherein you deposit your savings with the bank and earn interest on the same, a current account is one where you deposit money to carry out business transactions.
How can I change my current account to SB account?
No, it is not possible to convert a savings account to a current account as both types of account are different in terms of facilities, features and benefits. Savings accounts are opened for personal use and are meant for emergency use whereas current accounts are operated by businesses for regular transactions.
How can I convert my SBI account to SB Plus?
When a customer holds a savings bank account already and wants to transfer to the SBI savings Plus Account this can be done easily by requisition of the officials in bank. 2. If the account holds a balance of about Rs. 25,000 then it will be transmitted to Term Deposit retaining a minimum balance of Rs.