How to open online savings an account in SBI for children, Read Full Story

 An account opened for children in a bank is called a minor account.

SBI Kids Online Account: You can also open your children's account in the bank. If you learn the habit of saving from now, it will be very important. Today's parents can also open their children's bank accounts. This will make it easier for them to get acquainted with the banking system from now on. They can soon be taught to be financially independent. It is very important to have an account with a bank. Any financial benefits are available in the bank account only.

If you want to open your children's online account, then the country's largest bank, State Bank of India - SBI offers for minors in the first step (Pehla Kadam) and first flight (Pehli Udaan) Online facility has been provided for opening a savings account. Which nowadays comes with banking products and will help children to understand buying power. In this account, the limit for children to withdraw money daily has also been fixed so as not to spend more money.

First Saving Account in SBI for Minors

1. Parents with minor children of any age or can open a Guardian Joint account. It can be operated by parents or guardians or singly.
2. Mobile banking facility is available on a saving account, in which all types of bills can be paid. It has a limit to transact up to Rs 2,000 daily.
3. ATM-debit card the facility is also available when a bank account is opened in the name of children. This card will be issued in the name of the minor and guardian. It can withdraw up to Rs 5,000.
4. Internet banking facility is also available in it. There is a limit to transact up to Rs 5,000 daily. With this, you can collect all types of bills.
5. Checkbook is also available in which the mobile number of the account holder is entered. This specially designed check is 10 pages. Which is issued under the name of the minor under the guardian.
6. Personal Accident Insurance Cover is also available for parents.

First flight saving account in SBI for minors

• Children over 10 years old who can sign their own can open a Savings Account under SBI's first flight (Pehli Udaan).
• This account will be completely in the name of a minor. Only he can operate it alone.
• ATM debit card the facility is also available in this and you can withdraw money up to Rs 5000 daily. Along with this, a mobile banking facility is also available. In which you can transfer up to Rs 2000 daily. You can also do all kinds of payments with this.
• Internet banking facilities are also available and projects can transfer up to Rs 5,000. It provides the same facility of checkbook as found in the first step.
• In the first flight saving account, the minor does not get any facility of overdraft.

 Some special features in both accounts

1. There is no limit to how much monthly balance should be kept monthly. That is, monthly the average balance is not required.
2. The maximum you can keep a balance of up to 10 lakh rupees.
3. The calculation is done on the interest rate daily in the savings account.
4. The account can be transferred to any SBI branch without changing the account number.
5. Nomination of the facility is also available for both the first step and first flight account.
6. Get a branded passbook designed in a special way that is not charged.
7. Auto sweep facility with a limit of at least Rs 20,000 will be given. The first step will be the facility of parent or guardian overdraft in the account.
8. Children can also open an RD account, for which there will be no charge of any kind.

These documents will be required to open an account

The date of birth certificate of the minor will be required. Guardian's KYC Aadhaar and PAN card will be required. Signature of Guardian and Aadhar Card of minor will be also required.

How to open an online account like this?

First of all, you should visit the bank's official website www.sbi.co.in or www.sbi.co.in/web/personal-banking/home. After this, click on Personal Banking and select Saving Account for Minors. After this, click on Apply Now. Digital Savings Account and Insta Savings Account will appear, start the process in which you have to go. Now you have to click in the tab of Open a Digital Account. After this, click Apply now and go to the next page. Enter your complete information to open an account. Note here that it is necessary to visit the branch of SBI once to complete this process. You can also open an account by going to the SBI branch in an offline way.