Product Details
Bank Name
IDBI Bank
Account Name
Advantage Kids Account
Account Type
Saving
Interest Rate
Upto Rs. 5 Cr -3.00% and Above Rs.5 Cr up to Rs.100 Cr-3.25%.
Free Debit Card
NIL
Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
MAB of Rs. 5000
Debit Card Charges
220
NEFT Charges
Free through Net /MobileBanking
IMPS Charges
Free through Net /MobileBanking
Fees and Charges
Advantage Kids Account
Special Features
None
Eligibility Criteria
Minor of any age - Account to be opened jointly with guardian.
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
No charges for non maintenance of MAB.
Exclusive designed kids ATM card.
Withdrawal limits up to Rs. 2,000 at ATM/POS.
Free monthly statements via mail on request.
Free passbook.
Free five ATM transactions at other bank ATMs at Non-Metro locations
Cons
Application Procedure
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Product Review
Account Opening and Procedure
How to open an Account?
Opening a savings account with IDBI Bank can be done through a couple of methods, primarily involving either online initiation or a visit to a physical branch. Here's a breakdown based on the information I found:
Key Methods:
Visiting a Branch:
This is a traditional and reliable method. You can visit your nearest IDBI Bank branch.Bank personnel will guide you through the process, help you fill out the necessary forms, and inform you about the required documents.
Online Initiation:
IDBI Bank does offer online options to initiate the process. You can start by:Visiting the official IDBI Bank website.
Looking for the savings account section.
You may find options to fill out an online form, and then a bank representative will contact you.