Young Stars Savings Account

Benefits

You can open and operate the account to plan your child’s need, right from a young age.

 

Debit Card benefits:

  • Choose Young Stars Debit Card with limits of Rs 2,500 / Rs 5,000 for shopping and cash withdrawal each day

  • Free Young Stars Debit Card - This will help your child to directly make purchases through a Point of Sale (POS) machine available at most stores and also withdraw cash from any ATMs. To know more, click here

  • Young Stars Debit Card offers you accidental insurance protection and purchase protection cover. To know more, click here.

Convenient Banking

  • Standing Instructions Facility to debit money from parents account to the Youngstars account.

  • Manage your child’s Savings Account from anywhere, anytime using Internet Banking, iMobile app and ATMs

  • Free passbook facility for all individual account holders

  • Free e-mail statements

  • Free Payable-at-Par multi-city cheque book.

Maximise your returns for your child’s future

  • Money multiplier: Earn higher interest by setting a balance limit above which money in the Savings Account will get converted into Fixed Deposit on request. Know More

Eligibility:

 

This is a banking service for children in the age group of 1day-18 years. The guardian can open and operate the account on behalf of the minor.

 

Documentation:

  • Identity and address proof of guardian

  • Photograph of guardian

  • Birth proof of minor

  • Declaration from guardian.