top of page
Product Details
Bank Name

Indian Bank

Account Name

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

ATM/Debit card eligible for minors of age10 years or more to those who maintain the prescribed minimum balance and subject to consent by parents / guardian for issue of ATM debit card.

IB Smart Kid
Account Opening Fees

Annual Maintenance Fees

Minimum Account Balance

Rs.100/- average monthly balance for non cheque book operated savings bank accounts
Rs.250/- average monthly balance for cheque operated savings bank accounts

Debit Card Charges

NEFT Charges

SB customers are waived from charges of NEFT online transactions

IMPS Charges

Fees and Charges
Apply Now

IB Smart Kid

Special Features
INSURANCE COVER ON DEBIT CARD Rs.2 LAKHS/
Eligibility Criteria
For children of age 1 day to less than 18 years. Single only for minor – by Father/Mother and guardian OR In the case of court appointed guardian – by guardian NO JOINT ACCOUNT CAN BE OPENED UNDER THIS SCHEME
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
MAXIMUM WITHDRAWAL AT OUR BANK Unlimited counts with a per day limit of Rs.50,000, Remittance by DD of school/college fees at par.
Cons
Very low interest rate
Application Procedure

Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.

Add a Title

Add paragraph text. Click “Edit Text” to update the font, size and more. To change and reuse text themes, go to Site Styles.

Product Review
Account Opening and Procedure
How to open an Account?
Application Procedure
bottom of page