SBI savings bank account for children: Eligibility, benefits and other details explained
SBI offers Pehla Kadam and Pehli Udaan savings account for children
The State Bank of India (SBI) offers two types of savings accounts for minors - Pehla Kadam and Pehli Udaan.
The best thing about these accounts is that the account holders – in this case children – don’t need to maintain any minimum balance.
Both the Savings Accounts are fully loaded; replete with banking features like Internet Banking, Mobile Banking, etc.
What are the Benefits
Specially designed personalised chequebook (with 10 cheque leaves) will be issued to the Guardian in the name of minor under guardian.
Photo ATM-cum-Debit Card -
Child's photo embossed ATM-cum-debit card with withdrawal/POS limit of ₹5,000.
Photo ATM-cum-Debit Card issued in both Account
Mobile Banking -
PehlaKadam : With viewing rights and limited transaction right like: Bill payment, Top ups. Per day transaction limit of ₹2,000
3. Mobile Banking -
PehliUdaan : With viewing rights and limited transaction right like - Bill payment, Top ups, IMPS. Per day transaction limit of ₹2,000.
Mode of Operation
PehlaKadam : Jointly with the Parent/ Guardian or Singly by Parent/ Guardian
PehliUdaan : Singly operated
Nomination facility is available and recommended.
No Minimum Balance are require to Maintain