Feature Details Eligibility Kids - 1 Day to 10 Years. (Opened as a Joint Account with Parent / Guardian). Above 10 Years and up to 18 Years - Minor Self Operated. Minimum Balance Requirement Rs. 100/- for Non cheque book account Rs. 250/- for cheque book account Special Features / Concessions Maximum balance Rs. 50,000/- only. (If the account is in the nature of Self - Operated Minor Account, ceiling of Rs. 50,000/- shall be applicable. However, if the account is operated by Parents, ceiling of Rs. 50,000/- shall not be insisted). Special Features / Concessions Cheque Book Facility for parent's maximum withdrawal of Rs. 2,000/- per cheque leaf. Special Features / Concessions Free collection of cheques / DDs gifted to the child up to Rs. 25,000/- per annum (In INR or FC). Special Features / Concessions Liqui deposit Facility (Sweep-In, Sweep-out Facility): The balance exceeding Rs. 10,000/- will be swept out and kept in Term Deposits in units of Rs. 2,000/-. And when the minimum balance goes down, the adequate units in Term Deposits will be closed and transferred to SB on Last in first out (LIFO) basis. Liqui deposit Facility (Cut off Level for Sweep in): Rs. 8,000/-
Eligibility
Kids - 1 Day to 10 Years. (Opened as a Joint Account with Parent / Guardian). Above 10 Years and up to 18 Years - Minor Self Operated.
Minimum Balance Requirement
Rs. 100/- for Non cheque book account Rs. 250/- for cheque book account
Special Features / Concessions
Maximum balance Rs. 50,000/- only. (If the account is in the nature of Self - Operated Minor Account, ceiling of Rs. 50,000/- shall be applicable. However, if the account is operated by Parents, ceiling of Rs. 50,000/- shall not be insisted).
Cheque Book Facility for parent's maximum withdrawal of Rs. 2,000/- per cheque leaf.
Free collection of cheques / DDs gifted to the child up to Rs. 25,000/- per annum (In INR or FC).
Liqui deposit Facility (Sweep-In, Sweep-out Facility): The balance exceeding Rs. 10,000/- will be swept out and kept in Term Deposits in units of Rs. 2,000/-. And when the minimum balance goes down, the adequate units in Term Deposits will be closed and transferred to SB on Last in first out (LIFO) basis. Liqui deposit Facility (Cut off Level for Sweep in): Rs. 8,000/-