SBI Bank Timings and Demat Account Charges
State Bank of India is the largest bank in India with most of people having a saving or other account in it. This is the bank on which the country relies and has its branches in every nook and corner of the nation. It is a public sector bank and has its headquarters in Mumbai, Maharashtra.
State Bank of India: Banking Timings
While this is the largest bank, it is quite crucial for all of us to know its banking timings. The timings of the bank are standard, however, they may change from time to time, if a special need arises. As a normal practice, following are the bank timings:
- Branch Business Hours (Monday to Friday): Morning 10:00 to Evening 04:00
- Branch Business Hours (Saturday): Morning 10:00 to Afternoon 12:00
- Banking operations are closed on all Sundays
- Check dropping facility is functional 24×7 at all ATMs across India
- Bank has opened special private centers for people to deposit money to their account, which are privately owned and are operational also on Sundays.
These timings are for normal SBI branch banking. On the other hand, internet banking is available on different timings, which are as under:
|Transaction Type||Monday through Friday||Saturdays|
|NEFT||07:00 AM to 06:30 PM||07:00 AM to 12:30 PM|
|RTGS||08:00 AM to 04:00 PM||08:00 AM to 01:00 PM|
|State Bank Group||07:00 AM to 05:00 PM||07:00 AM to 01:00 PM|
For more and detailed information on State Bank of India timings, you can check their official website.
State Bank of India: Demat Service Charges
While you have already known the SBI banking timings, it is also vital for you to know that SBI offers Demat Account services at competitive charges. If you have been planning to start trading into shares and debentures, you should have a Demat Account and it is always good to have that in State Bank of India, which is a leading bank in India.
Here are the SBI Securities Brokerage Charges for the current year
- Annual maintenance charges for non-individual accounts if Rs 800
- Annual Maintenance charges for Individual accounts is Rs 400
- Account opening charges for Non-Individual accounts is Rs 1,000
- Account opening charges for Individual accounts is Rs 500
As you can notice that the charges are not too high and are competitive to most of the other private and public sector banks in India. If you want to get a Demat account for yourself, you simply need to walk up to any SBI branch in your locality and meet the concerned official with the required documents.