Hello friends, welcome to this new post today we are going to talk about how you can open SBI Zero Balance Minor Account Opening Online in SBI Bank, which documents do you have to open this Zero balance account ? And what are the things you have to keep in mind while opening this account and what are the benefits to you on opening this account, you will get the answer of all these things in this post if you see the post till the last.
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SBI Zero Balance Minor Account Opening Online
Usually, parents open their savings account before their child attains the age of 18 years. This is because when the child grows up, some amount of money is already deposited for his future. Talking about the country’s largest bank SBI, there are two types of accounts ‘Pehla Kadam’ and ‘Pehli Udaan’ are available for minor children. These accounts can be opened online from the YONO app/website or offline by visiting the bank branch.
Pehla Kadam Account can be opened for a child of any age. It is opened jointly with the parent or guardian. At the same time, Pehli Udaan is opened on a single basis for children above the age of 10 years. Step 1: The account can be operated jointly with the parent/guardian or singly by the parent/guardian. At the same time, the first flight account can be operated singly.
Sbi Zero Balance Minor Account Interst Rate
The interest rate of regular savings account is applicable on both these accounts. At present, the annual interest rate on SBI’s savings account with balance up to Rs 1 lakh is 2.70 percent. At the same time, in the case of savings account with balance above Rs 1 lakh, the annual interest rate is 2.70 per cent for amounts up to Rs 1 lakh and 2.70 per cent for balance above Rs 1 lakh.
Features Of Sbi Zero Balance Minor Account
- There is an exemption from maintaining minimum monthly balance in both the accounts.
- The maximum balance limit for both the accounts is Rs 10 lakh.
- Accounts can be transferred to any branch of SBI without changing the account number.
- Checkbook facility: A specially designed personalized check book (with 10 cheques), will be issued to the guardian in the name of the minor.
- Photo ATM cum Debit Card: The ATM cum Debit Card with the photograph of the child will be issued in the name of the minor and the guardian in the first step of the account. Whereas in the first flight account, the card will be issued in the name of the minor.
- Withdrawal / PoS limit from ATM card is Rs 5000.
- Auto sweep in facility on balance above Rs 20,000.
- Nomination Facility, Free Passbook.
- The inter core charge for transfer transactions is nil.
- Smart Scholar (Market Linked) Facility: Smart Scholar is a child plan offered by SBI Life with inbuilt premium discount benefits and loyalty additions.
Sbi Zero balance minor account Mobail Banking
Pahla kadam: Account viewing rights and limited transactions like bill payments, with top up rights. Daily transaction limit from mobile banking Rs.2000
pahli udaan: With account viewing rights and limited transactions like bill payment, top up, IMPS rights. Daily transaction limit from mobile banking Rs.2000.
SBI Minor Account Overdraft and accident insurance
Overdraft facility on Fixed Deposit is available for the parent/guardian of the minor under Pehla Kadam Account. But terms and conditions are applicable for this. Overdraft facility is not available under Pehli Udaan account. Personal Accident Insurance cover is available for the parent/guardian in case of Pehla Kadam Account. This cover is offered by SBI General.
Fino Payments Bank Zero Balance Account – Click Here
Sbi Zero balance minor account Internet banking
Both Pehla Kadam and Pehli Udaan bank accounts have been given enquiry and limited transaction rights under Internet Banking. For example, bill payment; Opening of e-Term Deposit (e-TDR)/ e-Special Term Deposit (e-STDR)/ e-Recurring Deposit (e-RD), Inter Bank Funds Transfer (NEFT only), and issue of Demand Drafts. The daily transaction limit from Internet Banking is Rs 5000.
KYC For Sbi Zero Balance Minor Account
In case of both Pehla Kadam and Pehli Udaan accounts, KYC will be required for proof of date of birth of the minor + KYC of the parents, Aadhaar and PAN or Form 60 of the parent. In case the applicant has not received the Aadhaar number, the applicant shall submit the proof of enrollment application for the Aadhaar number. In cases where PAN is not submitted, Form 60 is required along with attested copy of one of the Valid Documents (OVD). Cases where the applicant is not a resident Indian.
or is a resident of the states of Jammu & Kashmir, Assam or Meghalaya and has not submitted PAN, then he may submit an attested copy of an officially valid document containing his identity and address details and a recent photograph.
Eligibility For Sbi Minor Saving Account
Pahla Kadam: A minor of any age. This account will be opened jointly with the parent/guardian.
Pahli Udaan: Minors above the age of 10 years and who can sign a uniform. The account will be opened in the single name of the minor.
type of operation
Pahla Kadam: Jointly with the parent/guardian or singly by the parent/guardian.
First flight: solo operated.
How To Open SBI Zero Balance Minor Account
First of all open Onlinesbi.com website in the browser. There, click on “Apply SB Account” and click on “for Resident Individuals” inside it and click on “Digital Saving Account(Regular SB Account)” inside it. (see screenshot below)-
From Digital Saving Account and Insta Saving Account, click on the “Apply” button under Insta Saving Account.
After that the Account Opening Form will open, in which enter Email Address, or Mobile Number. And press the “Submit” button. [Email or mobile number of the one whose account is to be opened. insert].
An SMS with an OTP code will come to your number. Enter the code in it and submit it.
After that the form “Create Your Password” will open. Select Password or Security question/answer and press the “Submit” button.
Like I put the same new password both above and below and wrote Security quetion=Akshay Kumar. [See below screenshot to understand]-
The next page will open, in which FATCA / CRS Declaration will be written, tick “Yes” in it, and press the “Next” button.
Information about personal details will come on the next page. In which it will be written that- [I authorize SBI to verify and use my AADHAR data for Account Opening purpose authorized by using the OTP delivered to my AADHAAR registered mobile number] on arrival tick “I agree to the above”.
And press the “Next” button. [view screenshots-]
After the above mentioned steps, enter your AADHAAR CARD number. And press the submit button. Then OTP Code SMS will come on your number. Put that code below. And click on “Next”.
[OTP Code will come on the number linked with your Aadhar card. If it does not come, then get mobile number linking from Aadhar card]
- Personal Details:- (On entering Aadhar card number, some details will be automatically filled)
- Title- Mr/Mrs/Ms
- Gender- Male/Female
- City/Place of Birth- Your city name
- Citizenship- India
- Country of birth- India
- Nationality- India
- Village/Town- Name of your village
- Sub District- Name of the Sub-District
Thus fill the correct details. And press the Next Button.
Then, the PAN Card page will open. Submit by entering PAN card number in it.
Additional details form will open in which fill the following details-
- Father’s Name
- Mother’s Name
- Marital Status- Single/Married/Other
- Occupation- (Your business/business)
- Not Categorised (If you are a common man / woman then you can select the service (Private Sector) by selecting it).
Fill it in a simple way and press the Next button.
On the next page also, the form of Additional Details will open.
- Annual Income- How much is the annual income.
- Education- How far you are educated, select that
- Religion- Hindu/Muslim/Christian/Sikh/Other, select which of these you are. Press the Next Button.
- Nominee Details form will open. In this, any friend or relationship has to be filled about. (eg- Husband/Wife/Friend. Can write about any relationship)
- Name- Enter the name of your Husband/Wife or Friend
- Relationship- What do you think about them, like- Husband/Wife/ Friend
- Date of Birth- his date of birth
- Age- Enter his age.
Enter Address, City, Pin Code, State and press the Next button. [If he lives in your same address, then you can tick “Same as Applicant’s Address”] See screenshot below-
Then, the form of Select Your Home Branch will open. By GPS and Enter Locality Name these two options will be available. Search by entering the name of the village or city by clicking on Enter Locality Name, selecting it and pressing the next button. [You can see the screenshot below]
After this the Term & Condition page will open, ticking “I’ve read and agree to the terms and conditions” below and press the Next button.
After doing Final, Next-Next, OTP code will come on your mobile number. Enter and press the submit button.
After this the Debit Card Details page will open. Enter the name of the person whose account is being opened in it and press the “Open Account” button.
Apply For Sbi Minor Saving Account – Click Here
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The information given in this post is for educational purpose only, that post has been written keeping in mind the customer, through which the customer can know what facilities can be made available on this website, the information given in the post is all official. The link of the official website has also been taken from the website so that the customer is not confused.
In this way you can open Bank Khata by filling your SBI Saving Account Online Form. SBI Zero Balance Minor Account Opening Online , Got to understand about it. And opening this account is very easy. To open a bank account, only Aadhar card or Pan card is required.
Aadhar card, Pan Card, Photos, Mobile Number are required to open an account from a bank branch. In this way, after filling the Online Bank Account Form, Bank Passbook and ATM Card will come to your address. SBI minor Saving Account Online Opening Form, How To Open Bank Account? If you have any question related to this, then definitely ask by commenting below.