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)
In Metro, Urban & Semi-urban areas, Monthly Service Fees of Rs. 100 is waived off the Average Monthly Balance (AMB) of Rs. 2,500 is maintained.
In Rural areas, Half Yearly Service Fees of Rs. 500 is waived off if Half Yearly Average Balance of Rs. 1,000 is maintained.
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