State Bank of India products, services and reviews

About State Bank of India

State Bank of India (SBI) is India’s largest commercial bank by assets and branch network, majority‑owned by the Government of India, regulated by the Reserve Bank of India, and designated a Domestic Systemically Important Bank. It provides retail, corporate, MSME, agriculture, treasury, and NRI services through an extensive domestic footprint and international offices across key markets, supported by online and mobile platforms including internet banking, UPI, and the YONO app. Products span savings and current accounts, fixed and recurring deposits, home, auto, education and personal loans, working capital and trade finance, cash management, remittances, and foreign exchange. Floating‑rate retail loans are linked to external benchmarks in line with RBI guidelines; interest rates and service charges are published by the bank and change periodically. Deposits are covered by DICGC insurance up to ₹5 lakh per depositor per bank. SBI operates subsidiaries and associates in life insurance, general insurance, asset management, investment banking, and cards; SBI Life Insurance and SBI Cards and Payment Services are separately listed entities. Account opening is available at branches and through digital onboarding subject to full KYC; zero‑balance basic savings accounts are available under financial inclusion norms. Service features, fee waivers, withdrawal limits, and turnaround times vary by account type, channel, and location. Prospective users should review the latest schedule of charges, interest rate bulletins, eligibility criteria, and documentation requirements on official channels, and use the bank’s grievance redressal mechanisms or the RBI Integrated Ombudsman Scheme if needed.