SBI Savings Account for Minors - Pehla Kadam and Pehli Udaan,
- Both the Savings Accounts are fully loaded; replete with banking features like Internet Banking, Mobile Banking, etc. which will not just acquaint children with the different channels of modern-day banking but also teach them the nuances of personal finance. All these features come with 'per day limits' to ensure that they spend the money wisely.

Monthly Average Balance (MAB) requirement not applicable
Maximum Balance Rs. 10 lakh
Interest rate 2.70% p.a. (Upto 1 lakh)
Monthly Average Balance (MAB) requirement not applicable
Maximum Balance Rs. 10 lakh
Cheque book
PehlaKadam : Cheque-books are available
Where Mobile No. Of the account holder is recorded.
Specially designed Personalised chequebook (with 10 cheque leaves) will be issued to the Guardian in the name of minor under guardian.PehliUdaan : Cheque-books are available
Where Mobile No. Of the account holder is recorded. Specially designed Personalised chequebook (with 10 cheque leaves) will be issued if the minor can sign uniformly.
Photo ATM-cum-Debit Card
PehlaKadam : Child's photo embossed ATM-cum-Debit Card with withdrawal/POS limit of Rs. 5,000/-.
Card will be issued in the name of the minor and Guardian.PehliUdaan: Photo embossed ATM-cum-Debit with withdrawal/POS limit of Rs. 5,000/- will be issued in the name of the minor.
The verdict
- The SBI Pehla Kadam account represents the initial step in the financial world, as its name suggests. This account can be opened by anyone over 18 with a parent or guardian's assistance. SBI Pehli Udaan, on the other hand, can be opened and managed by a minor over the age of 10 years.
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