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SBI Service: Open Your Child's Savings Account at SBI at Home, Learn the Complete Process



SBI Service: Open Your Child's Savings Account at SBI at Home, Learn the Complete Process




  • SBI launches online savings account facility with first step and first flight name 
  • The account also set a daily withdrawal limit for children

If you want to open your child's online account, State Bank of India (SBI), the largest government bank in the country, has come up with this facility for you. SBI has launched online facility for minors to open a savings account in the name of first step and first flight. At the same time, there is a daily withdrawal limit for children in this account. Learn how to open an account and its benefits ...

1. First Step Savings Account

  • Parents or guardians can open a joint account with minors of any age under this account.
  • It can also be operated by the parent or guardian or the child himself.
The benefits of a first step savings account

  • Mobile banking facility is available on this account, in which all types of bills can be paid. It has a daily transaction limit of up to Rs 2,000.
  • An ATM debit card facility is also available for opening a bank account in the name of a child. This card will be issued in the name of the minor and guardian. Up to Rs 5,000 can be withdrawn.
  • The internet banking facility has a daily transaction limit of up to Rs 5,000. It allows you to submit all types of bills.
  • Parents also get personal accident insurance cover.

2. First Flight Savings Account


  • This account can be signed by children above the age of 10 who have opened their own account on the first flight.
  • This account will be in the full name of the minor.
  • They can operate alone.

Convenience

  • It also offers ATM debit card facility and withdrawals up to Rs 5,000 per day. It also comes with a mobile banking facility. In which up to 2000 rupees can be transferred daily.
  • All types of payments can also be made with it.
  • Rs 5,000 can be transferred daily to the internet banking facility.
  • It has the same checkbook features as the first step.
  • The minor does not receive any overdraft facility on the first flighteie

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