Future Stars Savings Account

Inculcate the discipline

of savings in your children

Future Stars Savings Account

Get your Future Stars Savings Account

The Future Stars Savings account is an account designed specifically for children below the age of 18.This account is perfect if you want a safe and easy way to start saving for your child. If is also useful if you want to introduce your child to the basic principles of money management. (This account will be operated by a guardian and the Cheque book and ATM card will be issued in the guardians name if the child is below 12 years of age)

  • Low minimum opening deposit of Rs.2,500 in metros^
  • Automated money transfer facility for transfer of funds from Parents account to child’s account on a monthly/weekly basis
  • Unlimited free transactions at Axis Bank ATMs and 5 free transactions at other bank ATMs per month
  • Free SMS Alerts, Monthly e-statements/quarterly physical statements and Internet Banking Facility

Benefits

  • Low average quarterly balance requirements of Rs.2,500 in metros.
  • Free ATM card for children below 12 years with a daily withdrawal limit of Rs.1,500
  • Visa Classic Debit Card at a nominal fee of Rs.150 for issuance and Rs.150 annually thereafter in metro and urban locations

Extras

  • One free payable-at-par Cheque book per quarter in the child’s name
  • No average quarterly balance requirement if a Fixed Deposit (for 6 months) of Rs.25,000 or a Recurring Deposit of Rs.2,000 (for a year) is maintained.
  • For children above 12, an image of their can choice can be printed on the debit card

Debit Card

  • Avail of personal accident insurance cover of upto Rs.2 lakhs by swiping your card once every 6 months ^
  • Combined Lost Card Liability and Purchase protection liability of up to Rs. 50,000 to protect against fraudulent use of the debit card or damage/loss of articles purchased using debit card ^

Fees And Charges

*The basic account maintenance charges are

  • Balance (AQB) Threshold requirement/Non maintenance fees. What is AQB?
    • Metro Branch Rs 2,500 per quarter/Rs 250
    • Urban Branch Rs 2,500 per quarter/Rs 250
    • Semi Urban Branch Rs 2,500 per quarter/Rs 250
    • Rural Branch Rs 1,000 per quarter/Rs 250

  • Cash Transaction Charges

    The first 5 cash transactions (or Rs. 10 Lakhs worth in value, whichever is higher) in Metro & Urban locations and the first 10 cash transactions (or Rs. 10 Lakhs worth in value, whichever is higher) are free with this account. Beyond this, cash transaction will be charged Rs. 4 per Rs. 1000 or Rs. 100, whichever is higher

Please refer to the complete list of Service fees and charges

Downloads

Terms and conditions

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