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Product Details
Bank Name
Indian Overseas Bank
Account Name
IOB SB Little Star
Account Type
Saving
Interest Rate
Balance Upto Rs. 25 Lacs-2.75 ,Balance Above Rs. 25 Lacs upto Rs. 1 Crore-2.75 and Balance Above Rs. 1 Crore: 2.90%
Free Debit Card
Yes
Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
100
Debit Card Charges
NEFT Charges
Free
IMPS Charges
Free
Fees and Charges
IOB SB Little Star
73.2
Special Features
Free collection of cheques / DDs gifted to the child up to Rs. 25,000/- per annum (In INR or FC).
Eligibility Criteria
Kids - 1 Day to 10 Years. (Opened as a Joint Account with Parent / Guardian). Above 10 Years and up to 18 Years - Minor Self Operated.
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Cheque Book Facility for parent's maximum withdrawal of Rs. 2,000/- per cheque leaf.,
Cons
Few value added future
IOB SB Little Star
The account comes with low interest rate and minimal value add features.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai
Product Review
Account Opening and Procedure
How to open an Account?
Application Procedure
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