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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

Advantage Kids Account
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

76
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
Low intreast rate
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.

Application Procedure
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