50,000/-) in all their accounts taken together and the total credit summation in all the accounts taken together is not expected to exceed rupees one lakh (Rs. Special Salary Accounts: Salary Accounts under Corporate Salary Package (CSP) offer a range of privileges to the employees of corporate institutions, including service organisations such as hospitals, hotels, transport corporations etc. Get the latest investment tips at Times Now and also for more news on money saving tips, follow us on Google news. New Delhi: State Bank of India (SBI), country’s largest lender by assets, provides the facility of savings account with various features and benefits which are designed to fulfil the varied requirements of all the income groups. Maximum: 72 months or remaining period of service (whichever is lower). Only Resident India Individual, over 18 years of age with capacity to contract in accordance with applicable laws in India, without any tax liability outside India is eligible for opening SBI Digital Savings Account. After the revision, balances of less than ₹1 lakh in savings deposits with SBI is fetching 3.25%. SBI levies a penalty of up to Rs 3,000 on non-maintenance of minimum average balance in regular savings account. These accounts are primarily aimed towards enhancing financial inclusion among the economically weaker sections of the society. Insta Savings Account: Only resident Indians over 18 years of age, without any tax liability outside India is eligible for opening Insta Savings Account. SBI revised the interest rate on savings account effective 1st November. Annual fee will be waived subject to minimum monthly average balance requirement of £10,000 for GBP accounts and $10,000 for USD accounts. Apart from the regular savings account, the bank offers fixed deposit (FD), recurring deposit (RD), salary account and SBI Savings Plus Account. 20 plus tax at other bank ATMs and Rs. In addition, the rate of interest for these accounts will be same as the other savings accounts. But once the threshold limit is breached, the beneficiary has to pay tax on the excess interest amount. A simple Instant Access Savings Account that helps you save when you want and how you want.   |  Photo Credit: Representative Image, Purvanchal expressway all set for Rafale landing and take off, Maharashtra: Farmers from Nashik march to Mumbai in solidarity with protestors in Delhi, Farmers' tractor rally route finalised; 'moving across outer Ring Road not allowed', 'Jai Shree Ram' slogan irks CM Mamata; BJP slams her for 'insulting god', Pakistan Infiltration Plot: 2 terror tunnels exposed by BSF in last 10 days, UP: Dalit youth rapes 18-year-old girl from his community, 'Apka Jai Shri Ram ho jayega’: MP Protem Speaker to Mamata, Farmers’ Republic Day tractor rally: Check route map, Delhi government to hold series of 'Bal Samvads', Former IPL auctioneer reveals why RCB couldn't sign Dhoni, Budget 2021-22: 5 things common man expects from FM, Govt may consider tax deduction for WFH employees, Govt likely to leave tax slabs intact but some relief likely, Import duties likely to rise by 5%-10% on dozens of items, FD interest rates offered by SBI, HDFC Bank and others, SBI saving accounts with NIL minimum balance charges, Watch Leaders of Tomorrow Season 8 eAwards on 13th of September 2020, 5pm onwards on Times Network, Is SBI ready for a new capex cycle? 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