Open a Savings Account at SBI

If you want to open an online account for your children, State Bank of India, the largest bank in the country, has come up with this facility for you. SBI has made available online the facility to open a savings account in the name of first step and first flight for mine. At the same time, there is a daily withdrawal limit for children in this account. So let’s know how to open an account and its benefits.

First Step Saving Account

Under this account parents or guardians can open a joint account with minor children of any age.
These can be operated by parents or guardians or children themselves.

The card will be issued in the name of the minor and the guardian.

The benefits of a first step savings account

Mobile banking facility is present 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 when opening a bank account in the name of a child. The card will be issued in the name of the minor and the parents. Up to 5 thousand rupees can be deducted from it.
The internet banking facility has a limit of up to Rs 5,000 per day. It allows you to submit all types of bills.
Parents also get personal accident insurance cover.
First Udaan Saving Account
Children over the age of 10 who can sign this account themselves can open an account under the first flight.
This account will be in the full name of the minor.
So it can operate alone.

Facility to be found

It also has ATM-debit card facility and can withdraw up to Rs 5,000 per day. It also comes with mobile banking facility. In which up to 2 thousand rupees can be transferred every day.
It can also make all kinds of payments.
Can transfer up to Rs 5,000 per day to internet banking facility.
It has the same checkbox feature as the first step.
The minor does not receive any overdraft facility on the first flight.

This is how to open a children’s account

First you go to the official website of SBI sbi.co.in. Then click on Personal Banking.
Now click on the Accounts tab and select the Savings Account of Minors option.
Then click on Apply Now. Later you will see a pop-up feature of Digital and Insta Savings Account.
Now you have to click on the Open a Digital Account tab.
Then click Apply now and go to the next page.
Enter your complete information to open an account.
Note here that it is necessary to visit the SBI branch once again to complete this process.

ગુજરાતીમાં વાંચો

Apart from that you can also open an account by going to the SBI branch offline.

Under this account parents or guardians can open a joint account with minor children of any age.
These can be operated by parents or guardians or children themselves.
The card will be issued in the name of the minor and the guardian.

Updated: February 6, 2021 — 11:33 am

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