|IB Smart Kid SB a/c ( for children of age 1 day to less than 18 years)|
|Interest Application||In January and July|
|Revaluation of House Property||In January and July|
|Salient Features||A Savings Bank Account for Children
|Min Amt||Rs.100/- average monthly balance for non cheque book operated SB accounts|
Rs.250 average monthly balance for cheque operated SB accounts
|Other Requirements/Details||• ATM / Debit card eligible for minors of age 10 years or more to those who maintain the prescribed minimum balance and subject to consent by parents / guardian for issue of ATM debit card. |
• Internet Banking subject to consent by parents / guardian for using internet facilities
• Add-on-facility- Remittance by DD/BPO of school / college fees at par.
• Transfer of funds from parents / guardians account to the children’s account allowed at par.