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Indian Bank Smart Kid Savings account

Indian Bank Smart Kid Savings account

 

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  • Account Type
  • Saving Account
  • Minimum balance
  • Rs.250/- Monthly average
  • Daily withdrawal limit
  • N.A.
  • Free debit card
  • Free
  • Funds transfer facilities
  • Transfer of funds from Parents' / Guardians' A/c to the Children's account allowed at par
  • Auto sweep FD facility
  • N.A.

Features and Benefits of Indian Bank Smart Kid Savings account

IB Smart Kid
Salient Features A Savings Bank Account for Children
Eligibility Children from the age 1 day to less than 18 years to be operated by Father / Mother and Guardian OR in case of court appointed Guardian – by Guardian
Value added * Anywhere Banking.
* Funds Transfer (RTGS/NEFT).
* Nomination Facility Available
Min Amt Rs.250/- (Monthly average) for Cheque Book A/c and Rs.100/- (Monthly average) for Non-cheque Book A/c
Max Amt No Limit
Other Requirements/Details * ATM / Debit Card for minors over 12 years and subject to consent by Parents / Guardian for issue of ATM / Debit Card.
* Internet Banking subject to consent by Parents / Guardians for using internet facilities.
* Remittance by DD / BPO of school / college fees at par.
* Transfer of funds from Parents' / Guardians' A/c to the Children's account allowed at par

Documents Required for Indian Bank Smart Kid Savings account

Children from the age 1 day to less than 18 years to be operated by Father / Mother and Guardian OR in case of court appointed Guardian – by Guardian

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