[suman]

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My brother is minor. He is studying in class 6th. He wants to open Bank Account in State Bank of India. Is there Zero Balance Account offering by State Bank of India for opening for minors?

[vikash]

The State Bank of India offers Saving Bank Accounts for Minors. You will apply for this type of Saving Account in this Bank.

Name of Account:
Pehla Kadam

Eligibility to Open Account:
Minor of any age can open this type of Account.
This account will be jointly opened with the parent/guardian.

Name of Account:
PehliUdaan

Eligibility to Open Account:
Minors above the age of 10 years and who can sign uniformly.

Monthly Average Balance (MAB) requirement:
NIL

Maximum Balance:
Rs. 10 lac in the Account

Mode of Operation:
Jointly with the Parent/ Guardian or Singly by Parent/ Guardian

KYC Required:
Date of Birth proof of the Minor + KYC of the Parent Aadhaar and PAN or Form 60.

ATM – Debit Card:
Child's photo embossed ATM-cum-Debit Card with withdrawal/POS limit of Rs. 5,000/-. Card will be issued in the name of the minor and Guardian.

Auto Sweep:
Auto sweep facility with a minimum threshold of Rs. 20,000/-. Sweep in multiple of Rs 1,000/- with a minimum of Rs. 10,000/-


Features:
Interest rate as applicable to Savings Bank A/c calculated on a daily balance
Transferability of accounts to any SBI Branch without changing the account number.
Nomination facility is available
Specially designed branded Passbook issued free of charge.
Inter Core charges NIL for transfer transactions.

PAI for Parent:
Personal Accident Insurance Cover (offered by SBI General) for the Parent (in case of Pehla Kadam account only).