Star Savings Account

Star Savings Account

Inculcate the habit of savings in your little ones, by introducing them to banking at an early age

Key Features
Your child's first bank account

No minimum balance requirement

Self-operated by the minor

Free Rupay Classic Debit Card with a waiver of Annual Maintenance Charges (AMC) for the first year

Free Internet Banking facility with only viewing rights

Services Image

Other Benefits

  • Free Rupay Classic Debit Card with a waiver of Annual Maintenance Charges (AMC) for the first year
  • Debit Card Cash Withdrawal per day limit of INR 5,000
  • Free unlimited transactions on SVC Bank ATMs
  • 3 Free ATM transactions in metro and 5 free ATM transactions in non-metro cities, per month, on other Bank ATMs

  • No charges on Cash Withdrawal, if withdrawn from Base Branch
  • Cash Withdrawal limit of INR 25,000 per day, if withdrawn from non-Base Branch
  • Monthly Cash Deposit Limit*
    • If Average Monthly Balance (AMB) is maintained: Up to INR 3,00,000 or eight times the AMB, whichever is higher
    • If Average Monthly Balance (AMB) is not maintained: Up to INR 50,000 or eight times the AMB, whichever is higher
  • Any Branch banking enabled
  • Free Internet Banking facility with only viewing rights

Note: Other charges, as per Bank's Schedule of Charges, are applicable

*Cash handling charges of INR 2 is applicable per INR 1000, if limit is exceeded

Eligibility
  • Kids within the age group of 10 - 18 years
  • Mode of Operation - Self-operated by the minor
  • Initial Deposit - INR 100
  • Minimum Average Quarterly Balance (AQB) - NIL

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