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Last Updated on 08/11/2019
SB - Little Star

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/-