If you are looking for SBI Minor Account Opening Form PDF, you are in the right place. At the end of this post, we have added a button to directly download the PDF of the SBI Pehli Udaan Account Opening Form for free.
SBI Minor Account Opening Form
SBI is the biggest bank in the country. The bank offers different products like savings accounts, loans, etc. Customers can also open various categories of savings accounts such as women’s savings accounts, kids’ savings accounts and salary accounts, etc. SBI Pehla Kadam and SBI Pehli Udaan are the two SBI savings bank account for minors.
A Kids Savings account is one such type of savings account that is applicable for customers below 18 years of age. These bank accounts will help children to learn the importance of saving money and help them to understand the transactional value of money.
Minimum and Maximum Balance
- Regular savings accounts have a minimum average balance that needs to be maintained on a monthly or quarterly basis. Most savings accounts for minors. The Pehli Udaan don’t have a minimum average balance which makes them zero balance accounts.
- The maximum balance of these accounts is Rs.10 lakh. Customers may need to shift to regular savings accounts to keep a balance above Rs. 10 lakhs.
| Parameters | Features |
|---|---|
| Monthly Average Balance | Nil |
| Maximum Balance | Rs.10 lakhs |
| Photo ATM-cum-Debit Card | Issued in the name of the minor. |
| Cheque book | Issued in the name of the minor. |
| Auto sweep facility | Minimum threshold of Rs. 20,000 |
| Mobile Banking and Internet Banking | Limited transactions and daily limit of Rs.5,000 |
| Over Draft for Parents/Guardians | No overdraft facility |
| Recurring Deposit | Set one Standing Instruction for Recurring Deposit without any charge |
| Personal Accident Insurance Cover | Not applicable |
| Smart Scholar (Market Linked) | Child Plan with inbuilt premium waiver benefit and loyalty additions to fulfil the child’s dreams. |
If you want to download SBI New Minor Account Opening Form PDF, then click on the download button provided at the end of this post.
Checkout:
Download SBI Minor Account Opening Form PDF
To download SBI Pehli Udaan Form, then just click on the below download button. Within a few seconds, SBI Minor Account Opening Form with Eligibility will be on your device.