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Eligibility
Minor of any age under guardianship of Parent/Guardian.
Mode of operation
By Parent/Guardian
Quarterly Average Balance
Rs 1,000/-
Type of ATM/Debit card
Platinum card (issued to Parent/guardian).
Debit Card charges
Issue charge – Free
Annual Maintenance Charge –As per applicable charges
Free Access to own Bank ATM
5 transactions (financial+ non-financial) per month.
Free Access to other bank ATM
3 transactions (financial + non-financial) per month at Metro or 5 transactions (financial + non-financial) per month at other centers.
ATM Cash Withdrawal Limit
Rs. 5,000/- Per day
ATM POS Limit
Rs.25,000/- Per day
Free Personal Accident Insurance (Death) cover with debit card*
Rs 2 Lakhs on accidental death of parent/guardian operating the account (by Bank).
Additional Rs 2 Lakhs on accidental death of parent/guardian operating the account (by RuPay).
Free Term insurance with first RD opened in the name of the minor.
Free Term insurance facility would be provided with first RD opened in the name of the minor who has opened SB Muskaan account. Maturity value of RD will be insured in case of unfortunate death of parent/guardian. The sum assured of the insurance would be the difference amount of Maturity value and the available balance of the RD.
Concession in ROI for Education Loan
Concession of 0.25% in ROI on Education Loan.
Free remittance for fee payment
Free one DD/NEFT per Month of any amount for payment of School/College fee/upfront fee only.
RTGS, NEFT & IMPS
As per applicable charges.
SMS Banking Charge
Mobile & Internet Banking
Available with viewing rights only.
Free Cheque Book
Personalized cheque book up to 20 leaves in a year.
Investment options
Sukanya Samridhi
For girl child Sukanya Samridhi can be opened with us with standing instruction for monthly credit.
Recurring Deposit
RD can be opened and funded with a simple standing instruction from this SB account.
Systematic Investment Plan
Invest small amounts at regular interval to get a corpus at the time of need.
Account closure -within 14 days or after 12 months
Nil
Account closure -Between 15 days to 12 months
Passbook/Statement
Passbook will be provided.
Charges for Non-Maintenance of QAB
Rs. 50 + GST
*Terms & Conditions applied.