VIDYANIDHI SPECIAL SAVINGS BANK ACCOUNT
Children From 12 To 16 Years of Age Can Open This Account
Benefits |
Free SMS |
DD Charge Free(maximum amount Rs 5000 per month Rs 30,000 P.Y) |
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RTGS/NEFT/IMPS free (outward) uptoRs 50,000 Per Year |
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Special privilege of education loan service charge free |
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ATM card /Mobile banking facility free |
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Fund Transfer Facility |
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Passbook Free |
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No special charge for termination of account |
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Account of the starting student’s parents (mother first preference) will receive bank’s privilege account |
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Eligibility Criteria |
12 to 16 years of age children/ 7-10 studying children |
Terms |
Restriction on transactions |
ATM card withdrawal/ shopping limit should not exceed Rs 3000/- per day |
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Required Documents/Specifications |
Copy of KYC+ Birth Certificate |
Annexure - 1
KB VIDHYANIDHI- SPECIAL SB ACCOUNT
In the name of Mother’s/Father’s/Guardian
Additional Benefit |
Free SMS |
5% Rebate of Locker Rent (as per available) |
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ATM card /Mobile banking facility free |
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10 Cheque leaf free (per year) |
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Passbook Free |
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No special charge for termination of account |
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DBT Facility |
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Special Benefits |
According to PMSBY Scheme accidental death/permanent disability uptoRs 2 lakhs insurance coverage. And for partial disability upto 1 lakh insurance coverage. |
First year premium will be paid by the bank. |
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For those who does 2 years satisfactory transaction in the account will be allowed up to Rs. 2,000 Temporary OD (TOD) (subject to conditions). (Then the TOD can be increased up to 10,000 for good transaction) |