| Deposits-Young Stars-FAQs |
What are the eligibility criteria for opening an ICICI Bank Young Stars Account? ICICI Bank Young Stars Account is a banking service for children in the age group of 1day-18 years. It is essential for the parent/guardian to also hold an account with ICICI Bank. In event of the parent/guardian not holding an ICICI Bank savings account, both the accounts (parent's saving account and Young stars account) can be simultaneously opened.
How do I approach ICICI Bank to open a Young Stars account? You can approach us in any of the following ways:
What is the minimum balance required to be maintained for an ICICI Bank Young Stars Account? The minimum average quarterly balance required to be maintained for a Young Stars Account is Rs. 2,500/-.
At what frequency will the interest be paid to me? Interest earned on your Savings Account balance shall be credited to your account on a half yearly basis in the months of September and March.
Do I need an introduction from an existing ICICI Bank account holder? The Bank needs no introduction from an existing account holder if you are submitting proof of identity and address, as prescribed. However if you do not posses any of the address proof document then an introduction from an ICICI Bank account holder, having satisfactory relationship of more than six months, is required. Parent/Guardian need to maintain saving account relationship with the Bank.
How can I change the nominee(s) for my ICICI Bank Young Stars Account? You can change the nominee(s) by making a declaration to that effect, in the appropriate form, which is available at any of the ICICI Bank branches.
What are the different channels through which I can access my ICICI Bank Young Stars Account? You can access your Young Stars Account through:
|
