State Bank Of India PehliUdaan, State Bank Of India Children's Saving Account
Features
- SBI offers 2 accounts for minors known as PehlaKadam and PehliUdaan.
- No minimum balance (AMB) required.
- Transfer the account to any SBI Branch without changing the account number.
- Nomination facility available.
- Interest offered is 4% p.a.
- Photo ATM cum debit card with withdrawal/POS limit of Rs. 5,000.
- Cheque book is issued without any charge.
- Passbook facility is provided free of charge.
Average Monthly Balance
Nil
Eligibility
- Minors above the age of 10 who can sign can open the account
- This account will be opened in the sole name of the minor
Documents Required
- Date of Birth proof of the Minor
- KYC of the minor with Aadhaar and PAN or Form 60
Fees & Charges
- Cheque Book: First Payable Ae Par cheque book of 25 leaves is for free. After that cheque books will be charged at Rs 3 per leaf
- Issuance of Pass book: Nil
- Duplicate Passbook: Rs 112
- Balance enquiry: Nil
- Transfer of Account: Rs 112 (inclusive of postal charges)
- Transactions at State Bank Group ATMs: Free
- Transactions at Other Bank ATMs: Free up to 5 transactions. After that, financial transactions are charged Rs. 17, and non-financial Rs. 6
- Funds transfer: Nil
- Account closure: Within 14 days-Nil, Upto 6 months-Rs.337 & 6 to 12 months-Rs 225
- Phone banking (IVR): Free
- Local Cheque deposited for outstation accounts: Free
Find More Useful Links
- Eligibility to Open a Savings Account in State Bank Of India
- Saving Account Document Required in State Bank Of India
- How to Open Saving Account in State Bank Of India
- How to Close Saving Account in State Bank Of India
- How to Transfer Saving Account in State Bank Of India
- How to link Aadhaar Card to State Bank Of India
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- How to Change Signature in State Bank Of India