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Product Details
Bank Name
Indian Bank
Account Name
IB Kishore
Account Type
Savings
Interest Rate
Up to Rs.10 lakh - 2.75%
More than Rs.10 lakh to less than Rs.200 Cr - 2.80%
Rs. 200 Cr and above - 2.90%
Free Debit Card
Yes. RuPay Classic ATM Card only with 1st year AMC free.
Account Opening Fees
Annual Maintenance Fees
Minimum Account Balance
NIL
Debit Card Charges
Waived for the first year
NEFT Charges
SB customers are waived from charges of NEFT online transactions
IMPS Charges
Fees and Charges
IB Kishore
76
Special Features
A provision will be made for conversion to GenX Saving Account on attainment of 18 years of age on submission of upto date KYC documents
Eligibility Criteria
Accounts introduced for Minors who have attained the age of 10 years upto 18 years and can put their signature.
· The account should be fully KYC compliant.
· PAN/ Form-60 to be obtained
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Would be provided with maximum transaction limit of Rs.10,000/- per day, Rs.10000/- with 3 withdrawals free in Metro ATMs & 5 withdrawals if in Non-Metro including non-financial transactions
Cons
Very low interest rate
Application Procedure
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Product Review
Account Opening and Procedure
How to open an Account?
Application Procedure
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