Kids Savings Account: State Bank of India (SBI) has introduced an account with special features for small children. Under this, you can save for the child by opening an account.
SBI Child Account: If you are a parent of a child too, start planning for their future now. Yes, now is the time when you start saving for when he grows up. You can gift your child a bank account with special features on their birthday or on a special occasion. State Bank of India (SBI) has introduced an account with special features for minors. Under this, you can save for the child by opening an account.
The limit of payment transfer is also fixed. The limit for payment transfer to this account opened in SBI will also be fixed. With this facility, the child will not be able to spend unnecessarily. Let us tell you that SBI offers two types of accounts for minors. Under this, you can open first step (Pehel Kadam) and second first flight (Pehl Udan) accounts.
First step bank account
SBI offers many types of facilities in this account. In this, parents or guardians can open a joint account with minor children of any age. The account can be operated by a parent, guardian or the child himself. ATM is also provided on account opening. The ATM card is in the name of minor child and guardian. You can withdraw up to Rs 5,000 from the account. Apart from this you can transact up to Rs 2,000 per day.
First Flight Account Benefits
Children above 10 years of age can open account under this scheme. It will be necessary for them to sign in to this account. Children can run this account themselves. In it, children also get the facility of ATM card. With the help of this you can withdraw up to 5000 rupees per day. Through mobile banking you can transfer money up to Rs 2000 per day to it.