I love banking , I prefer to pay via card , I never travel with lot of cash , As freelancer , I am happy with banking support provided by Kotak Mahindra Bank . I mentioned some of the best banks for freelancers in my article .
My first bank account was opened in Punjab National Bank Bharatpur by Govt Engineering college Bharatpur where i studied Civil Engineering. It was student account. I linked that saving bank account with paypal . PNB is a superb bank , I never faced any issues with PNB with respect to paypal payments .I moved to Delhi in 2012. And the last time i visited my home branch at Bijli ghar chauraha , Rajendra Nagar Bharatpur in Feb 2014. After that i used only debit card to make withdraws . But my debit card was expired this year , I called PNB but they asked me to visit home branch or submit request to transfer bank account from Bharatpur to Delhi . In both case bank requires physical presence at home branch Bharatpur . Which was not possible for me. I appreciate the flexibility provided by Axis bank I have one student account with Axis bank Bharatpur branch . I used it for odesk payments . But as i moved to Delhi , For the safety of the account . I changed my correspondence address via internet banking updated it with my Delhi’s address , Also i got the new chip based debit card and cheque book at my Delhi’s address. All i have done is called their customer care. They guided me and asked me to update my new mobile number via any axis bank ATM and then setup new password for my internet banking and adding new address and requesting new cheque book.
So as one public bank account is essential for anyone due to presence of public banks like SBI & PNB in every city and rural areas. I applied for online SBI savings account . Here are the steps to apply for online savings bank account in SBI
Take print out of all pages , Sign in black Ink. Paste your one photograph at mentioned place.
Go to bank with address and photo id proof ( In my case i used my Passport ). Also carry your PAN card. You can use adhar card , voter id card for photo id and address proof . Keep self signed xerox copy enclosed with the form You have to select the desired nearest branch where you want to open your account. You will get a sms for confirmation .
At bank , There would be separate desk for new account opening . They will give you two more papers . After that they will ask you to visit again day after tomorrow . On next working day they will give you your account number and Internet banking access , This means that now your savings account is active . You can deposit or NEFT some cash in your new SBI account.
For debit card , cheque , a separate kit will be send to your registered address within seven working days.
I visited SBI Sector 11 Rohini Branch IFSC Code SBIN0011550 , Really branch staff is fast and friendly , They completed all verification process ( forms were verified by a lady officer and then branch manager ) smoothly , and now my account is active I am waiting for kit. I hope i will get kit within next couple of days.
Benefits of SBI account for freelancers –
No Minimum Balance requirement. – No charges for non maintenance of average monthly . quarterly balance Earn Interest at 4.00% p.a. based on daily balance. – Better deal , Kotak bank offers 6% and Yes bank 7% but both requires a good daily balance of over 10,000 .
SMS Alerts and e-Statement facility , cheque book , debit card , internet banking . SBI also offers mobile banking app . So it is very good deal for freelancers like me.
Update- Received Debit card on 29th September by speed post & PIN from bank on 30th September.
Debit card is awesome. Design shows ancient Rajasthani culture . It is better than Kotak bank debit card but Indusind bank platinum plus debit card design is the best among Kotak Classic , Yes Platinum , PNB Classic , Axis Youth and SBI Classic ( my personal choice )
Overall a Nice experience . I appreciate the efforts of SBI in improving customer service.