Eligibility Students above 10 years and up to 25 years of age and are pursuing regular courses can open these accounts. The account will be automatically converted to normal SB once account holder attains the age of 25 years. Cheque book can be issued after student becomes major. Accounts of students who are minors below the age of 10 years will be operated by Parents/guardian. Quarterly Average Balance Nil Type of ATM/Debit card Classic card Debit Card charges Issue charge – Free Annual Maintenance Charge –As per applicable charges Access to own Bank ATM 5 transactions (financial and non-financial) per month Free. Access to other bank ATM 3 transactions (financial + non-financial) per month at Metro or 5 transactions(financial + non-financial) per month at other centres are Free ATM Cash Withdrawal Limit Rs.25,000/- Per day ATM POS Limit Rs. 50,000/- Per day Free Personal Accident Insurance (Death) cover with debit card* Rs 2 Lakhs Withdrawal at branch through withdrawal slip. Number of free withdrawals will be restricted to 10 per half-year. Beyond the limit Rs 25/- per transaction to be charged. SMS Banking Charge As per applicable charges Cheque Book Cheque Book not allowed NEFT Free DD/RTGS/IMPS As per applicable charges Account closure -within 14 days or after 12 months Nil Account closure -Between 15 days to 12 months As per applicable charges. Passbook/Statement No Passbook will be provided. Monthly Statement of Account will be given. Non-Maintenance of QAB NIL *Personal Accident insurance with debit card is subject to terms and conditions of debit card policy and usage which may change from time to time.
Savings Bank Account for Students(SBZER)
