SVC Minor Account

SVC Minor Account

Take a small financial step today, to help secure your kid's future

Key Features
Saving for your child's tomorrow, one step at a time

Average Quarterly Balance (AQB) of just INR 500

Free NEFT / RTGS transactions through Internet Banking

Earn exciting Reward Points on every E-commerce / Point of sale (POS) transaction

Free Internet Banking facility with transactional rights

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Other Benefits

  • Complimentary RuPay Classic Debit Card with a waiver of Annual Maintenance Charges (AMC) for the first year
  • Debit Card Cash Withdrawal / E-commerce / Point of sale (POS) per day limit of INR 25,000 each
  • 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

  • 25 Free Cheque Leaves per annum
  • Free NEFT / RTGS transactions through Internet Banking
  • No charges on Cash Withdrawal, if withdrawn from Base Branch
  • Cash Withdrawal limit of INR 25,000 per day, if withdrawn from non-Base Branch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 transactional 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 0 - 18 years
  • Mode of Operation - Guardian Only
  • Initial Deposit - INR 500
  • Minimum Average Quarterly Balance (AQB) - INR 500

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