INSUBCONTINENT EXCLUSIVE:
SBI's Pehla Kadam and Pehli Udaan savings bank accounts also come with zero balance facilities.State Bank of India or SBI offers certain
accounts where monthly average balance (MAB) rule is not applicable
These accounts do not require customers to maintain any particular minimum average balance
In other words, these bank accounts can be operated with zero balance
saving without any burden of charges or fees
These accounts provide all the usual facilities that come with a regular savings account
zero balance account, can be opened by any individual provided he/she has valid KYC (Know Your Customer) documents
SBI on zero balance saving account is the same as that on regular saving bank account
accounts under PMJDY (Pradhan Mantri Jan-Dhan Yojana) scheme
PMJDY is a national mission for financial inclusion to ensure access to financial services, namely, banking/ savings and deposit accounts,
remittance, credit, insurance, pension in an affordable manner, according to SBI's website- sbi.co.in.4
SBI's Pehla Kadam and Pehli Udaan savings bank accounts also come with zero balance facilities
These accounts are specially meant for children.5
SBI's special salary account packages, which can also be opened with zero balance, are available for varied sectors, such as central
government, state government, defence forces, paramilitary forces, police forces, corporates/ institutions etc.
