SBI Saving Bank Accounts for Minors
SBI Accounts for minore or below the age of 18. SBI offered good rate of interests & some special benefits to the account holders. check your eligibility below: Under this saving account comes the 'Pehla Kadam' and 'Pehli Udaan' Scheme. - Pehla Kadam
Eligibility Minors, account is jointly opened with th eminors parents or guardian.
Minimum Balance The minimum balance is nil
Cap on Balance *An amount of Rs 5 lacs must be deposited in the account. *Rs 10 lac aggregate deposit on the CIF of the minor.
Nomination Facility Nomiantion facility is available and is recommended in this saving plan.
KYC Requirements *Date of Birth if the minor on whose name account has be opened. *KYC of the minor's parents or guardians
Auto Sweep SBI Saving Bank Account for Minors serves auto-sweep facility with a minimum of Rs 20,000. You can sweep in for a multiple of Rs 1000 for Rs 10,000.
Interest rates 4% per annum
Mode of Operation The mode of operation is jointly by the parents or guardian/ singly handled by only their parents or guardian.
  - Pehli Udaan
Eligibility Minors who are 10 years or above and can sign uniformly. This account is made in the sole name of just the minor.
Minimum Balance There is no minimum balance required for opening this saving account.
Cap on Balance *An amount of Rs 5 lacs must be deposited in the account. *Rs 10 lac aggregate deposit on the CIF of the minor.
Nomination Facility Nomiantion facility is available and is recommended in this saving plan.
KYC Requirements Date of Birth if the minor on whose name account has be opened. *KYC of the minor's parents or guardians
Auto Sweep SBI Saving Bank Account for Minors serves auto-sweep facility with a minimum of Rs 20,000. You can sweep in for a multiple of Rs 1000 for Rs 10,000.
Interest rates 4% per annum
Mode of Operation The mode of operation is handle singly by the minor.

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