SBI Savings Account for Children: State Bank of India, the country’s largest public sector bank, allows minors to open savings accounts with them. Parents can easily open an account for children below 18 years of age. State Bank (SBI Saving Account for Children) allows children to open accounts in two categories. The name of the first category is Pehla Kadam (SBI Pehla Kadam) and the second is Pehli Udaan (SBI Pehli Udaan).
Both these savings accounts can be opened by the customers (SBI Savings Account Opening Process) from the SBI Mobile Banking App YONO (SBI YONO) sitting at home. The special thing about both these accounts is that there is no hassle of maintaining minimum balance in both. Along with this, facilities like Net Banking, Mobile Banking are also available in this account. Let us give you information about the details of both the savings accounts-
Pehla Kadam Bank Savings Account (SBI Pehla Kadam Details)
Pehla Kadam Bank Savings Account can be opened for a minor child of any age. This account can also be opened jointly with the parent or guardian. Account cannot be opened in the name of the child only. This account can be operated separately by both the child and the parent. On this account, the bank issues a debit card from which you can withdraw up to Rs 5,000. In this account, you get permission for mobile banking transactions of Rs 2,000. A check book is also available in this account which contains 10 cheques. This check book is issued in the name of the guardian. It is necessary to enter the mobile number while opening this account.
Pehli Udaan Savings Account (SBI Pehli Udaan Details)
State Bank Pehli Udaan Savings Account can be opened for children above 10 years and below 18 years of age. This account can be opened as a single account only in the name of the children. Minor can handle this account alone. Debit card facility is also available in this account, which has a daily limit of Rs 5,000. Along with this, Rs 2,000 can be transferred to this account through net or mobile banking. Along with this, a check book is also available in which 10 checks are given.
Account opening process
You can open both State Bank Pehla Kadam Savings Account and Pehli Udaan Savings Account both online and offline. Online you can open the bank on mobile banking app YONO. Apart from this, you can open an account by visiting the branch near your home. For this, you will need Aadhar card, Aadhar of parents and PAN.
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