SBI Child Account: If you are also the parent of a child, then start planning for their future from now itself. Yes, now that time has gone when you start saving when he grows up.
You can gift a bank account with special features on your child’s birthday or on any special occasion. An account with special features has been introduced by the State Bank of India (SBI) for small children. Under this, you can save for the child by opening an account.
The limit for transfer of payment is also fixed.
The limit for transfer of payment to this account opened in SBI will also be fixed. With this feature, the child will not be able to spend unnecessarily. Let us tell you that SBI provides two types of accounts for minor children. Under this, you can open first step (Pehla Kadam) and second first flight (Pehli Udaan) account.
Pehla Kadam Bank Account
SBI provides many types of features in this account. In this, parents or guardians can open joint accounts with minor children of any age. The account can be operated by the parent, guardian or the child himself. ATM is also given on opening the account. The ATM card is in the name of the minor child and guardian. Can withdraw up to Rs 5,000 from the account. Apart from this, you can transact up to Rs 2,000 daily in this.
First Flight Account Benefits
Under this scheme, the account of children above 10 years of age can be opened. It will be necessary for them to sign in this account. Children can operate this account themselves. Children also get the facility of ATM card in it. With this, you can withdraw up to Rs 5000 per day. Through mobile banking, you can transfer money to it up to Rs 2000 daily.
