Young Stars Savings Account

It’s never too early to start saving and this is made easier for those looking to open a children’s bank account online for their own. The Young Stars Savings Account is a great Savings Account for kids that helps parents plan and balance their children’s needs with ease. A parent or a guardian only needs a minimum amount of Rs 2,500 to get started and open up a world of possibilities for their kids.

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

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Benefits

Debit Card benefits

You will get a complimentary Young Stars Debit Card, which will help your child to withdraw money or shop at any store with a POS machine.

Spend Limits

Young Stars Debit Card comes with daily spend limits that range from Rs 1,000 to Rs 5,000

Transfer Cash

It also has a Standing Instructions Feature to transfer cash from the guardian’s account to the Young Stars Account.

Money Multiplier Facility

Earns you more interest than a regular savings account, and you may also use your money anytime.

Young Stars Account
Smart Star Account

Eligibility

Anyone below age 18

Documentation

Identity and address proof of guardian
Photograph of guardian
Birth proof of minor
Declaration from guardian

Eligibility

Children between age 10 and 18.

Documentation

Identity and address proof of guardian
Photograph of guardian
Birth proof of minor
Declaration from guardian

Service Charges & Fees

Available to	All cities
Eligibility	Young Stars Account - Minors < 18 years Smart Star Account - 10 years to 18 years
Minimum monthly average balance (MAB)*	Rs.2500
Charges for non maintenance of minimum monthly average balance (NMMAB)	6% of the shortfall in required MAB or Rs. 500 whichever is lower.
Cash Transaction Charges (Cumulative of Deposit and Withdrawal)	1) Number Limit (Sum total of deposits and withdrawals) 4 free cash transactions per month. Charges above free limits: Rs 150 per transaction. 2) Value Limit (Sum total of deposits and withdrawals) The value limit is inclusive of both Home and Non home branch transactions. a) Home Branch (Branch where account is opened or ported) Rs 1 lakh free per month per account. Above Rs 1 lakh – Rs 5 per Rs 1,000, subject to a minimum of Rs 150 b) Non-Home branch – No charges for cash transactions value up to Rs 25,000 per day. Above Rs 25,000 – Rs 5 per Rs 1,000 subject to a minimum of Rs 150 3) Third party Cash transaction (Sum total of deposits and withdrawals) - Up to a limit of Rs 25,000 per transaction – Rs 150 per transaction. For Senior Citizen customers, Young Star / Smart Star accounts, while the limit of Rs 25,000 per transaction will be applicable, the accounts will not be charged.
Additional Cash Transaction Charges	All free cash transactions at ICICI Bank branches or cash deposits done at ICICI Bank Cash Recycler Machines will be charged at Rs 100 (per transaction) for the first two transactions and Rs 125 (per transaction) for any subsequent transaction in case of non-maintenance of applicable minimum Monthly Average Balance (MAB) stipulated in the terms and conditions applicable to your account. This charge will be levied over and above the non–maintenance of MAB charges stipulated in terms and conditions applicable to the account.
ATM Interchange (Transactions at Non ICICI Bank ATMs)	First 3 transactions (financial and non financial) in 6 metro locations (Mumbai, New Delhi, Chennai, Kolkata, Bengaluru and Hyderabad) in a month - Free First 5 transactions (inclusive of financial and non financial) in all other locations in a month - Free Maximum of 5 trxns free in a month with a cap of 3 free trxns in 6 metro locations Thereafter, Rs.21 per financial transaction and Rs. 8.50 per non financial transaction
Transactions at ICICI Bank ATMs / Cash Recycler Machines (cash withdrawals)	First 5 Financial transactions free in a month; thereafter, Rs.21 per financial transaction All Non-Financial transactions free. (Financial transaction includes - Cash Withdrawal; Non Financial transactions include - Balance Inquiry, Mini statement & Pin change)
Issue of DD drawn on ICICI Bank by cheque/transfer	Rs.50 per D.D. up to Rs.10,000;Rs.5 per thousand rupees or part thereof for DD of more than Rs.10,000, subject to a minimum of Rs.75 and maximum of Rs. 15,000
Statement	Free Monthly e-mail statement Free Monthly statement to be collected from branch
Statement	Passbook facility available at base branch free of cost View and download statement facility available on the website
Debit Card Fees for Account Holder	Nil
Debit Card Cash spend / withdrawl limit	Daily limit upto Rs.2500 / 5000
Cheque Books	Nil for 25 payable-at-par cheque leaves in a year; Rs. 20 for every additional cheque book of 10 leaves
Charges for Multicity cheque payment	Nil
Value Added SMS alert facility (For transactions other than specified by regulatory guidelines, sms alerts will be triggered only if the transaction value is greater than Rs.5,000)	Rs. 15 per quarter
Outstation cheque collection –through ICICI bank branch locations	Upto Rs. 5,000 – Rs. 25 per instrument Rs. 5,001 to Rs. 10,000 - Rs. 50 per instrument Rs. 10,001 to Rs. 1 lakh – Rs 100 per instrument Above Rs. 1 lakh - Rs. 200 per instrument
Outstation cheque collection –through non ICICI bank branch locations	Upto Rs. 5,000 - Rs. 25 per instrument Rs. 5,001 to Rs. 10,000 - Rs. 50 per instrument Rs. 10,001 to Rs. 1 lakh - Rs 100 per instrument Above Rs. 1 lakh - Rs. 200 per instrument

Note:

Common service charges applicable to all Savings Account variants except for Wealth Management / ICICI Bank Private Banking and the ones mentioned above. Click here.
Taxes at prevailing rates as per Govt rules shall be applicable over and above the mentioned charges.The charges indicated above are subject to periodic revision.
*With effect from April 1, 2015:In the event of non-maintenance of minimum MAB, the bank will notify the customer by SMS/e-mail/ letter etc. that in the event of the minimum balance not being restored in the account in the subsequent month, non-maintenance of MAB charges will be applicable.
In case the customer has not maintained MAB for any consecutive month, non-maintenance of MAB charges shall be applicable for all consecutive months. The Bank will notify the customer in the initial month only in case of non-maintenance of MAB in consecutive months.It will be the responsibility of the customer to have a valid e-mail ID, mobile number and address updated with the Bank at all times,failing which,customer may not receive the notification(s).