NEW DELHI: SBI has a great scheme for children if you have a home and you want to open a bank account in its name. Under the scheme 'First Step' and 'First Flight', you can open a savings account for children. This account provides all the facilities needed for the future of the children. Along with this, it has also been kept in mind that the child can not abuse this account. Under this plan, parents can open an account of under 18 years of age.
In this bank account, the child is given all facilities like internet banking, mobile banking, ATM card and check book facility. There are two types of this account. In this one account is for a 10-year-old child and the other account is for children older than 10 years. This account opens with a joint account with children and parents.
The special points of this account
This is a Zero Balance Account. There is no charge even if there is zero balance in it.
More than Rs. 10 lakhs Can be kept. No more money is allowed from this.
With this account only Rs. 5000 / - per day Can be deleted only, but the bill payment, Opening e-Term Deposit (e-TDR) / e-Special Term Deposit (e-STDR) / e-Recurring Deposit (e-RD), Inter-Bank funds transfer (NEFT only) Can be used.
In this check book, 10 checks are given at the time of account opening.
The ATM-cum-Debit Card facility has also been given to this account.
