IB Kishore – Savings Bank Account for Minors
|TARGET CUSTOMERS||· Accounts introduced for Minors who have attained the age of 10 years upto 18 years and can put their signature.
· The account should be fully KYC compliant.
· PAN/ Form-60 to be obtained
|NATURE OF OPERATION||· No joint account will be allowed under this Scheme|
|INITIAL DEPOSIT||· Rs.500/-|
|AVERAGE MONTHLY MINIMUM BALANCE||· NIL|
|MAXIMUM BALANCE CAPPED AT||· Rs.200000/-|
|CONVERSION OF ACCOUNT||· A provision will be made for conversion to GenX Saving Account on attainment of 18 years of age on submission of upto date KYC documents|
|CHEQUE BOOK||· No cheque book facility at present.|
|NET/MOBILE BANKING||· Would be provided with maximum transaction limit of Rs.10,000/- per day|
|ATM DEBIT CARD||· RuPay Classic ATM Card only with 1st year AMC free.|
|MAXIMUM WITHDRAWAL AT OUR BANK||· Unlimited counts with a per day limit of Rs.10,000
|MAXIMUM WITHDRAWAL AT OTHER BANK ATMs||· Rs.10000/- with 3 withdrawals free in Metro ATMs & 5 withdrawals if in Non-Metro including non-financial transactions|
|MAXIMUM TRANSACTION AT POINT OF SALES (POS)||· Not available|
|CONCESSIONS IN INTEREST RATE ON RETAIL PRODUCT LOANS||· Available on Select Products.
· Terms and Conditions apply
( Last modified on Oct 05, 2021 at 01:10:30 PM )