If you are a small business owner, shopkeeper, or professional looking for a simple, low-cost, and convenient current account, the State Bank of India (SBI) offers some of the best options in India. Two popular variants in 2025 are the SBI Nimit Current Account and the SBI Digital Current Account.
Both accounts are designed to make business banking easy, secure, and affordable. Let’s understand each account in detail — their features, benefits, charges, and who they are best suited for.
What is a Current Account?
A current account is a special type of bank account designed for businesses, traders, and professionals who have frequent transactions such as deposits, withdrawals, or payments. Unlike savings accounts, current accounts do not offer interest, but they provide features like:
- Higher transaction limits
- Free cheque books
- Easy fund transfers (NEFT/RTGS)
- Access to corporate internet banking
Now, let’s look at the two main SBI current accounts that are ideal for small and growing businesses.
SBI Nimit Current Account – For Small Businesses and Professionals
The SBI Nimit Current Account is specially made for small business owners, traders, and professionals who need a full-featured current account at a nominal cost.
Key Features and Benefits
- Low Monthly Average Balance (MAB):
You only need to maintain a Monthly Average Balance of ₹5,000 — making it affordable even for small business owners. - Free Cash Deposit Facility:
- Deposit up to 100 times your MAB of the previous month, subject to a maximum of ₹5 lakh per month (effective from December 1, 2024).
- After that, the bank charges ₹0.75 per ₹1,000 + GST (minimum ₹50 + GST, maximum ₹20,000 + GST).
- Deposit up to 100 times your MAB of the previous month, subject to a maximum of ₹5 lakh per month (effective from December 1, 2024).
- Free Cash Withdrawal:
- At Home Branch: Unlimited free withdrawals.
- At Non-Home Branch: Withdraw up to ₹1 lakh per day (self only).
- At Home Branch: Unlimited free withdrawals.
- Free Online Banking:
- Corporate Internet Banking (CINB): Completely free and secure.
- NEFT/RTGS: Unlimited free transactions through Internet or Mobile Banking.
- Corporate Internet Banking (CINB): Completely free and secure.
- Cheque Book Facility:
- Get 50 free multicity cheques per month.
- Additional cheques cost ₹3 + GST per leaf.
- 25-leaf book costs ₹75 + GST; 50-leaf book costs ₹150 + GST.
- Get 50 free multicity cheques per month.
- Free SMS Alerts:
Get instant updates on all your account activities. - Easy Account Transfer:
You can transfer your account to any other SBI branch free of cost. - Outstation Cheque Collection:
- Up to ₹10,000: ₹50 + GST
- ₹10,001 to ₹1 lakh: ₹100 + GST
- Above ₹1 lakh: ₹200 + GST
- Up to ₹10,000: ₹50 + GST
- Demand Draft Charges:
- Up to ₹5,000: ₹25 (incl. GST)
- ₹5,001 to ₹10,000: ₹50 (incl. GST)
- ₹10,001 to ₹1 lakh: ₹5 per ₹1,000 (min ₹60 incl. GST)
- Above ₹1 lakh: ₹4 per ₹1,000 (min ₹600, max ₹2,000 incl. GST)
- Up to ₹5,000: ₹25 (incl. GST)
- Business Debit Card:
Comes with SBI Pride Business Debit Card, designed for business transactions.
Charges Applicable
| Particular | Charges |
| Monthly Average Balance (MAB) | ₹5,000 |
| Account Maintenance Charges | ₹550 + GST per year |
| Non-Maintenance of MAB | ₹500 + GST per month |
| Account Closure Charges | Nil (within 14 days), ₹1,000 + GST (after 14 days) |
| Duplicate Statement | ₹100 + GST per page (40 entries) |
NEFT & RTGS Charges at Branch
| Transaction Type | Amount | Charges (₹) + GST |
| NEFT at Branch | Up to ₹10,000 | 2.50 |
| ₹10,001 – ₹1 lakh | 5 | |
| ₹1 – ₹2 lakh | 15 | |
| Above ₹2 lakh | 25 | |
| RTGS at Branch | ₹2 – ₹5 lakh | 25 |
| Above ₹5 lakh | 50 |
💡 Note: All NEFT and RTGS transactions are free via Internet or Mobile Banking.
Who Should Open SBI Nimit Current Account?
The Nimit Account is ideal for:
- Small shop owners and traders
- Freelancers and professionals
- Local service providers
- Small-scale business operators
If your monthly cash flow is moderate and you want a low-maintenance current account, this is a perfect choice.
SBI Digital Current Account – For Online-First Businesses
The SBI Digital Current Account is a modern, paperless, and convenient option for businesses that operate primarily online. It’s designed to simplify digital transactions and reconciliations while maintaining all essential banking features.
Key Features and Benefits
- Monthly Average Balance:
You need to maintain a Monthly Average Balance of ₹25,000. - Cheque Book Facility:
- Get one 50-leaf cheque book free every month.
- Additional cheques: ₹3 + GST per leaf.
- 25-leaf book ₹75 + GST; 50-leaf book ₹150 + GST.
- Get one 50-leaf cheque book free every month.
- Cash Deposit:
- Cash deposits are not permitted in this account, making it fully digital.
- Cash deposits are not permitted in this account, making it fully digital.
- Cash Withdrawals:
- Home Branch: Unlimited free withdrawals.
- Non-Home Branch: Up to ₹2 lakh per day (self only).
- Home Branch: Unlimited free withdrawals.
- Free Business Debit Card:
Get a Pride Business Debit Card at no extra cost. - Corporate Internet Banking:
Full CINB access with view and transaction rights. - Free Online Transfers:
- RTGS and NEFT through Internet Banking or Mobile Banking: Free and unlimited.
- Branch NEFT: Nominal charges between ₹2–₹20 + GST.
- Branch RTGS: ₹20–₹40 + GST.
- RTGS and NEFT through Internet Banking or Mobile Banking: Free and unlimited.
- SMS Alerts:
Get all alerts free of cost. - QR Payment Solutions:
Enjoy YONO Merchant App (YMA) QR / Bharat QR / Tap & Pay with a sound box facility.
- Monthly rent: ₹99 + GST (currently waived off).
- Installation charges: Actuals applicable.
- Monthly rent: ₹99 + GST (currently waived off).
- Cash Pickup Facility:
Available on request (normal charges + agency fees).
Charges Applicable
| Particular | Charges |
| Monthly Average Balance (MAB) | ₹25,000 |
| Account Maintenance Charges | ₹550 + GST per year |
| Non-Maintenance of MAB | ₹500 + GST per month |
| Duplicate Statement | ₹100 + GST per page (40 entries) |
NEFT & RTGS Charges (At Branch)
| Transaction Type | Amount | Charges (₹) + GST |
| NEFT | Up to ₹10,000 | 2.00 |
| ₹10,001 – ₹1 lakh | 4.00 | |
| ₹1 – ₹2 lakh | 12.00 | |
| Above ₹2 lakh | 20.00 | |
| RTGS | ₹2 – ₹5 lakh | 20.00 |
| Above ₹5 lakh | 40.00 |
💡 Tip: Using Internet Banking for fund transfers saves you all NEFT/RTGS fees.
Who Should Open SBI Digital Current Account?
This account is ideal for:
- E-commerce sellers
- Online freelancers and digital entrepreneurs
- Businesses preferring digital transactions over cash
- Startups operating with virtual offices
If you want to go cashless and manage your business digitally, this account gives you convenience, flexibility, and savings on transaction fees.
How to Open SBI Current Account
Opening a current account with SBI is simple and quick.
Steps:
- Visit your nearest SBI branch.
- Collect and fill out the Current Account Opening Form (different forms for Sole Proprietorship and Non-Individual entities).
- Submit KYC documents, business proof, and PAN card.
- Deposit the initial minimum balance (₹5,000 for Nimit, ₹25,000 for Digital).
- Once verified, your account will be activated, and you’ll receive your cheque book, debit card, and online banking credentials.
Alternatively, you can download the account opening forms directly from SBI’s website.
Comparison Table – Nimit vs. Digital Current Account
| Feature | SBI Nimit Current Account | SBI Digital Current Account |
| Monthly Average Balance (MAB) | ₹5,000 | ₹25,000 |
| Cash Deposit Facility | Allowed (up to ₹5 lakh/month) | Not allowed |
| Cash Withdrawal | Unlimited at home branch | Unlimited at home branch |
| Free NEFT/RTGS (Online) | Yes | Yes |
| Cheque Leaves (Free) | 50 per month | 50 per month |
| Business Debit Card | Pride Business Debit Card | Pride Business Debit Card |
| Target Users | Small traders, professionals | Digital businesses, freelancers |
| Account Transfer | Free | Free |
| SMS Alerts | Free | Free |
Final Thoughts
Both SBI Nimit and SBI Digital Current Accounts offer exceptional value depending on your business type.
- If you handle cash transactions frequently, go for the Nimit Current Account — it’s simple, affordable, and flexible.
- If your business is online or cashless, the Digital Current Account is perfect — with free digital transfers, modern payment tools, and minimal paperwork.
With SBI’s nationwide network of 22,000+ branches and reliable online banking, managing your business account has never been easier.