The minimum balance required to open a savings account in SBI (State Bank of India) varies depending on the type of account and location of the branch. For example, a regular savings account may have a minimum balance requirement of Rs. 500, while a premium account may have a higher requirement.

It’s best to check with the specific branch you plan to open the account with to find out the exact minimum balance requirement.

A pan card mandatory to open SBI bank account

Yes, a PAN card (Permanent Account Number) is mandatory to open a bank account with SBI (State Bank of India) and most other banks in India.

PAN is a unique 10-digit alphanumeric identification number issued by the Income Tax Department of India. It serves as proof of identity and is used for various financial transactions such as opening a bank account, filing income tax returns, and so on. Along with PAN, you will also need to provide other documents such as proof of address and identity (e.g. passport, voter ID, etc.) to open a bank account in SBI.