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Savings Account through Video KYC (Insta Plus)
SBI Insta Plus Savings Account is a digital savings account provided by the State Bank of India. Eligible customers can open this account online through Video KYC. No branch visit is needed to open this account. Digital banking services, online fund transfers, and banking through YONO SBI and Internet Banking are all part of the digital banking services.
Guaranteed Returns
Includes Life Cover
Completely Tax Free+
3 Benefits, 1 Plan
Maximum returns offered by:
7.4%*
(Tax-Free)
Guaranteed Plan
(By Insurance companies)4.6%*
(After Tax)
Fixed Deposit
(Offered by Banks)4.0%*
Savings Account
(Post Office)We are rated++
15.8 Crore
Registered Consumer
53
Insurance Partners
7.16 Crore
Policies Sold
Get Guaranteed returns up to 7.4%*
Fully Tax-Free, Life Cover Included
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Savings Account in India 2026
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SBI Savings Account- Interest Rate, How To Open It?
- Savings Account through Video KYC (Insta Plus)
Features and Benefits of SBI Insta Plus Savings Account
SBI Insta Plus Savings Account provides the banking experience which is convenient and paperless. Some of its key features and benefits are:
- Video KYC Account Opening: Open SBI Savings Account without visiting any SBI branch.
- Paperless Process: Complete a paperless account opening process using Aadhaar details and a physical PAN card.
- 24×7 Banking Access: Access your saving account anytime using YONO SBI app, internet banking and mobile banking.
- RuPay Classic Debit Card: Get a RuPay Classic Debit Card for cash and daily transactions.
- Online Fund Transfers: Send money through NEFT, IMPS and UPI via online banking.
- SMS Alerts: Receive alerts on your transactions and avail quick missed call facility of SBI.
- Account Transfer Facility: Transfer the accounts via Internet Banking.
- Cheque Book & Passbook: Order chequebook on account opening and also request for passbook if necessary.
- Corporate Salary Package Option: Customers who qualify for it can also apply for SBI Corporate Salary Package account.
Eligibility Criteria and Documents Required for SBI Insta Plus Savings Account
The applicant needs to follow the eligibility requirements and documents to open the SBI Insta Plus Savings Account.
- Resident Indians above 18 years of age and who are literate.
- New to bank customer and does not have a CIF with SBI. In case customer has any active relationship/CIF with the bank, she/he is not eligible for this account.
- Mode of operation allowed is only “Single”.
How to Open an SBI Insta Plus Savings Account
You can open an SBI Insta Plus Savings Account by following these simple steps:
- Download the YONO SBI app.
- Select New to SBI → Open Savings Account → Without Branch Visit → Savings Account through Video KYC.
- Enter your PAN and Aadhaar details.
- Verify your identity using the OTP sent to your Aadhaar-linked mobile number.
- Fill in the required personal details.
- Schedule a Video KYC appointment.
- Log in to the YONO SBI app at the scheduled time and complete the Video KYC process.
- Once the bank verifies your details, your SBI Insta Plus Savings Account will be opened and activated for debit transactions.
Fees and Charges for SBI Insta Plus Savings Account
The table below highlights the key banking facilities and applicable charges for the SBI Insta Plus Savings Account.
| Particulars | Details |
|---|---|
| Account Opening | Online through Video KYC |
| Branch Visit | Not Required |
| Debit Card | RuPay Classic Debit Card |
| Internet Banking | Available |
| Mobile Banking | Available |
| Fund Transfer | NEFT, IMPS and UPI |
| SMS Alerts | Available |
| Cheque Book | Available on request after account opening |
| Passbook | Available on request |
| Nomination Facility | Mandatory |
| Other Service Charges | Applicable as per the Regular Savings Bank Account service charges |
FAQs
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1. What is the SBI Insta Plus Savings Account?
For anyone comparing different options to select best savings account, an Insta Plus Savings Account opened via Video KYC brings genuine convenience; full KYC verification gets completed online. This eliminates the need for a branch visit. -
2. How can I get my SBI Bank mini statement?
Multiple options can help you to know the SBI Bank Mini Statement, the YONO SBI app, Internet Banking, an SBI ATM, the SBI Quick missed call service, or simply a visit to the nearest SBI branch. -
3. How can I do an SBI Bank Balance Check?
There are so many options for SBI Bank Balance Check. The YONO SBI app, Internet Banking, UPI apps, an SBI ATM, a passbook, the SBI Quick missed call service, or heading over to an SBI branch in person. -
4. Is the SBI Insta Plus Savings Account an SBI Bank Zero Balance Account?
SBI’s official Insta Plus Savings Account page doesn’t state the account as an SBI Bank Zero Balance Account per se. Also, it does not mention any minimum average balance. Investors can refer to applicable terms and charges of SBI for latest information.
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The Canara Bank Champ Deposit Scheme is a savings account for˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
* Applicable for Titanium variant of Max Life Smart Fixed-return Digital (Premium payment of 5 years, Policy term of 10 years) and a healthy male of 18 years old paying Rs. 30,000/- monthly (exclusive of all applicable taxes)
** Fixed deposit rate applicable for 5 year's 1 day to
10 years for investment amount less< 2 Crore ( Not for senior citizens).
*** PPF interest rate applicable for 15 years
for investment amount upto 1.5 Lac
+ Trad plans with a premium above 5 lakhs
would be taxed as per applicable tax slabs post 31st march 2023
#Discount offered by insurance company
##The Guaranteed Returns are dependent on the policy term and premium term availed along with other variable factors. 7.4% rate of return is for an 18-year-old, healthy male for a policy term of 20 years and a premium term of 10 years with ₹5,00,000 annually installment premium. All plans listed here are from insurance companies’ funds.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ