Another type of account opened in SBI is Current account. The account holder of this account get 50 cheques leaves free at the time of account opening. The account get the free mobile banking and Internet Banking. Account holder get a facility of transfer the account from one branch to another. Account statement is issued through email either monthly, quarterly or yearly as per the wish of account holder. No Interest is provided in this type of account. The account holder get facility of Personal Accident insurance. There is no limit on the maximum amount in this type of account. The average monthly balance in a personal banking branch is Rs 1000. For a branch in non- rural the average monthly balance is Rs. 5,000 and for a rural branch Rs 2,500. In terms of eligibility for this account all individuals should have valid KYC documents. This type of account can be opened in single or Joint account.
