Jan 22, 2016 01:44 PM
2018 Views
State Bank of India, one of the most reliable government banks, is a bank in which every citizen must have an account. This bank is among the leading banks and is a symbol of trust when it comes to banking and money deposit.
I have been associated with SBI since 3 years and I prefer this over any other bank in terms of facility and security.
Opening an Account – For opening a bank account with the State Bank group, a customer is provided with two options – Savings Account and Current Account. Both the accounts require almost the same procedure. For first time opening of an account, a customer has to pay a fee of Rs.500 which is thereby deposited into his/her account once the account opens. To open a SBI account, one can visit any of the nearby branch or go to the online website of the bank namely sbi.co.in.
Facilities – After having successfully opened an account, a SBI customer is met with a whole new world of possibilities and advantages. SBI is a leading bank when it comes to features and facilities. Customers having an account with SBI are instantly provided with an ATM-cum-Debit card free of cost. This card has a whole lot of features and uses which are discussed below. SBI provides a payment option and is widely accepted worldwide in every online or offline shopping portal. Customers registered with SBI own an instant Medical Insurance cover of Rs.2 lakh by paying an annual fee of only Rs.100.
Easy Loans and Insurance Cover – The State Bank group are rich investors in customers loans and insurances. SBI provides a loan to every banker who needs it. Be it a house loan or an education loan, SBI has a loan that meets every needs. Interest rates on such loans are as applicable with several special privileges for senior citizens. Insurance Cover through SBI is a rather advantageous affair than other insurance companies. SBI has a wide range of insurance covers namely health, general insurance, life insurance, etc. These insurances are granted for as low as Rs.99 per month.
SBI Debit/Credit/Shopping Card – SBI provides its customers with a card for every need. There are a whole lot of cards to choose from. However the most basic debit/credit card are equipped with several attractive features. Debit/Credit Card of SBI is widely accepted throughout the online and offline shops. There is also an option of paying in terms of instalment. For every shopping or transaction done through the card, SBI provides a reward point to its customers. These reward points can also be used for shopping and other purposes.
Highly Secure Banking – SBI provides a highly secure banking to its customers. The security and deposits of customers are the primary need of the bank. Every transaction is securely monitored through top protection and I have personally used SBI for more than a dozen transaction with ease. In case of any failure, the money is refunded to the bank and SBI makes sure of it. Besides, SBI incorporates mobile banking to enhance security and facility.
Recommendation – There is no doubt that SBI is among the leading banks of India. This is a bank for every Indian and is strongly recommended for people thinking of opening an account with a bank.
