Icici Bank Young Stars Savings Account, Icici Bank Children's Saving Account
Features
- Free Young Stars Debit Card
- Debit card has a limit of Rs. 2500 or Rs. 5000 for shopping and cash withdrawal each day
- Standing Instructions Facility to debit money from parents account to the youngstars account
- Money Multiplier Facility is available
Average Monthly Balance
Rs. 2500
Eligibility
Age group of the child should be between 1 day and 18 years. The guardian can open and operate the account on behalf of the minor.
Documents Required
- Identity proof of guardian
- Address proof of guardian
- Photograph of guardian
- Birth proof of minor
- Declaration from guardian
Fees & Charges
- Charges for non maintenance of minimum monthly average balance (NMMAB): 5% of the shortfall in required MAB
- Statement: Free Monthly e-mail statement
- Passbook facility: Available at base branch free of cost
- Debit Card Fees for Account Holder: Nil
- Cheque Book: Nil for 20 payable-at-par cheque leaves in a quarter & Rs. 20 for every additional cheque book of 10 leaves
- Value Added SMS alert facility: Rs 15 per quarter
- Outstation cheque collection (through ICICI bank branch locations): Rs 25 to Rs 200 per instrument based on value of cheque
- Outstation cheque collection (through non ICICI bank branch locations): Rs 25 to Rs 200 per instrument based on value of cheque
- Charges for Multicity cheque payment: Nil
- Issue of DD drawn on ICICI Bank by cheque/transfer: Rs.50 per D.D. up to Rs.10000 and then Rs.3 per thousand rupees or part thereof for DD of more than Rs.10,000 (subject to a minimum of Rs.75 and maximum of Rs. 15000)
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