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Image  Savings Bank Account for Students(SBZER)

Eligibility

Students above 10 years and up to 25 years of age and are pursuing regular courses can open these accounts.  The account will be automatically converted to normal SB after 25 years. Cheque book can be issued after student becomes major.
Accounts of students who are minors below the age of 10 years will be operated by Parents/guardian.

Minimum Balance for account opening

ZERO Balance account opening.

Quarterly Average Balance

Nil

Debit Card

Free.  No annual maintenance charges.

Withdrawal at branch through withdrawal slip

Number of free withdrawals will be restricted to 10 per half-year.
Beyond the limit Rs 25/- per transaction to be charged.

Free ATM Transactions

Total Free ATM transactions is 8 per month(financial & non- financial) for own Bank and other Bank put together.

ATM Access to own / other Bank ATM

First 8 transaction (financial + non-financial) per month Free

ATM Access to  other Bank ATM

First 3transaction (financial + non-financial) per month at Metro or first 5 transactions (financial + non-financial) per month at other centres are Free.

ATM Cash Withdrawal Limit

Rs.25,000/- Per day

ATM POS Limit

Rs. 50,000/- Per day

Cheque Book

No Cheque Book

NEFT

Free

DD

As per applicable charges

RTGS

As per applicable charges.

IMPS

As per applicable charges

Account closure -within 14 days or after 12 months

Nil

Account closure -Between 15 days to 12 months

As per applicable charges.

Passbook/Statement

No Passbook will be provided. Monthly Statement of Account will be given.

Interest

As applicable to Normal Savings Deposit Account.


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