SBI YUVA SAVINGS BANK ACCOUNT
- Account Type
- Saving Account
- Minimum balance
- Rs.5,000/-
- Daily withdrawal limit
- Rs.15,000/-
- Free debit card
- Free ATM or Debit Card
- Funds transfer facilities
- Yes
- Auto sweep FD facility
- N.A.
Features and Benefits of SBI YUVA SAVINGS BANK ACCOUNT
|
1.
|
Purpose
|
Special Savings Bank product to
entice the youths and bring them to our fold. |
|
2.
|
Eligibility
|
Residents, above 18 years of age
and upto 30 years of age, at the time of entry. Account to continue as it is, even if the account holder attains the age of 30 years. |
|
3.
|
Mode of Holding
|
Singly/ Jointly/ Jointly
with survivorship benefits. The first account holder has to be eligible as per the above eligibility criteria. |
|
4.
|
Type of account
|
Savings Bank account
|
|
5.
|
Deposit amount
|
Minimum: Rs. 5,000/-
Maximum: No Limit |
|
6.
|
Rate of interest
|
As applicable to Savings Bank account.
|
|
7.
|
Account opening procedure
|
As applicable to Savings Bank account.
|
|
8.
|
Cheque facility
|
Personalized Savings Bank cheques
will be issued. 50 cheque leaves will be issued free in a year. |
|
9.
|
ATM- cum-Debit card facility
|
Yuva Card (Visa), which have many
concessionary/ complementary facilities, will be issued free of cost. |
|
10.
|
Internet Banking facility
|
Will be provided, free. Under this,
Viewing of accounts, Fund transfer, Utility bill payment services, special loyalty point scheme etc. are available. |
|
11.
|
Remittance/ collection
|
i. One draft / Bankers Cheque
will be issued free, per calendar month, favouring Educational Institutions or for applying jobs. ii. Free collection of one cheque, with a ceiling of Rs. 20,000/- per month. iii. Upto March 2010, Service charges applicable for inter branch transactions through Internet Banking, will be waived. These facilities will be provided at Home Br. |
|
12.
|
Anywhere Banking
|
a. Multi-city cheques will be provided,
out of which 25 cheque leaves will be free in a year. (This will be done without a request) b. Inter-core transactions will be allowed for the following services, subject to payment of prescribed service charges, i. Deposit of cash at non-home branches ii. Deposit of cheques at Home/ Non home branch, drawn on any branch (for credit of home branch a/c) iii. Deposit of clearing instruments at Non home branch, drawn on non- home branch/ other Banks iv. Encashment of cheque at non home branch Transfer of funds from Home branch to third Party accounts at another CBS branch |
|
13.
|
Pass book
|
Will be provided, free, in addition
to the downloading facility for statement of accounts under Internet Banking. |
|
14.
|
SMS Alert
|
Will be provided, free.
|
|
15.
|
Others
|
i. Terms and conditions such as
immediate credit for outstation cheques upto Rs.30,000/=, transferability among branches, dormant, inoperative, nomination, recovery of service charges for not maintaining minimum balance, closure of the account before completion of 12 months and standing instructions as applicable to normal Savings Bank account (with cheque book), will be applicable. ii. Conversion of existing SB accounts to Yuva SB Account and vice versa is permissible |
|
16.
|
Other Rules and Regulations
|
All rules and regulations
as applicable to Ordinary Savings Bank will apply. |
Documents Required for SBI YUVA SAVINGS BANK ACCOUNT
Identity proof :
- Passport
- PAN card
- Voter ID card
- Driving licence
- Government ID card
- Photo ration card
- Senior citizen ID card
Address proof :
- Passport
- Telephone bill
- Electricity bill
- Bank Statement with Cheque
- Certificate/ ID card issued by Post office
User Reviews
- Product Rating -
Average user rating
- Member's Recomendation
By: Anup, India | 16 February 2011
I want to open Sbi Yuva Savings Bank Account, but I can't understand what to do, b'cos when i asked in bank, no one knows how to open Yuva account, please help me ...[Read]
- Product Rating -
Average user rating
- Member's Recomendation
-
SBI not ready to accept cash for accounts in other branches
By: ashok, India | 22 April 2011
I have an account with one of SBI's branches in Punjab. I wanted to send money to one of my suppliers again in Punjab from Preet Vihar, Delhi branch since am currently residing in Delhi. But the offic...[Read]
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