Overview
Lakshmi Vilas Bank’s Savings Youth Power account has been specifically crafted to inculcate the practice of savings in children from an early age. Parents can use the easy-to-operate features of the account to build a sizeable corpus for their children and plan wisely for their future.
The account comes with a Debit Card having variable limits that allow teenagers to access their Savings account in an easy and hassle-free manner.
Interest Rates and Charges
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Terms and Conditions |
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Minimum Balance
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Rs. 100/-
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Other Charges
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As per regular SB A/C levies
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Funds Transfer
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Free between LVB Branches.
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Standard Age proof documents
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Xerox copy of any one document
1. Birth certificate from competent authority
2. School/College certificate
3.Passport
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Cash Remittance charges
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i) Base branch
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Free
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ii) Non Base Branch.
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Free - Up to Rs.50,000/- per day and Re.1 per 1000 thereafter
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DD/PO Issue
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No Service Charges are levied for remitting of school fees, college fees and hostel fees. Other Services will be charged as per Surcharge rates.
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Cheque Book Facility
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1. No Cheque Book facility for account holders in the age group of 12-17 years. They can avail loose leaf Cheque facilities.
2. Normal Cheque Book issued to account holders of 18 years and above Age 18 & above: Normal Cheque Book is permitted
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Rupay Debit card
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Free for first Year with Daily Withdrawal Limit of Rs.5000/-per day. Charges of Rs.100/- charges applicable from 2nd year onwards.
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Internet Banking
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1. No internet Banking facility for account holders in the age group of 12-17 Years
2. Internet banking facility available for Age 18 Years & above: Net Banking facility available.
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SMS/Mobile Banking
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Charges Applicable
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Non-Maintenance of Minimum Bal.
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Penalty of Rs.50/- per month for all account holders.
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