INSUBCONTINENT EXCLUSIVE:
Customers don't need to maintain a Monthly Average Balance (MAB) for both accounts.State Bank of India (SBI), the country's largest lender,
offers Pehla Kadam and Pehli Udaan savings accounts for minors
While the Pehla Kadam account can be opened in the name of an individual aged below 18 years, the Pehli Udaan account is meant for those are
above 10 years of age, according to SBI's official website - sbi.co.in
Customers don't need to maintain a Monthly Average Balance (MAB) for both accounts
In other words, these bank accounts can be operated with zero balance
EligibilityPehla Kadam: Minor of any age can open this account but it has to be jointly opened with the parent or guardian.Pehli Udaan: This
account can be opened by a minor above the age of 10 years who can sign uniformly
However, this account will be opened in the sole name of the minor.2
ATM-cum-Debit CardPehla Kadam: Child's photo embossed ATM-cum-Debit Card with withdrawal/POS limit of Rs
ATM-cum-Debit with withdrawal/POS limit of Rs
Cheque book facilityPehla Kadam: Personalised chequebook with 10 cheque leaves are issued to the guardian in the name of minor under
guardian.Pehli Udaan: Personalised chequebook with 10 cheque leaves is issued if the minor can sign uniformly.4
Internet Mobile bankingInternet banking: Both the accounts have a per day transaction limit of Rs
accounts have a transaction limit of Rs
One can make bill payments, top-ups from these accounts, said SBI.5
