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Product Details
Bank Name

Bank of Maharashtra

Account Name

Account Type

Saving

Interest Rate

2.75%

Free Debit Card

Classic Contactless Card: NIL
Platinum Card:Rs.100/-

Yuva Yojana
Account Opening Fees

Annual Maintenance Fees

Nil

Minimum Account Balance

No minimum balance criteria applicable (minimum balance criteria will be made applicable after the age of 18)

Debit Card Charges

Platinum Card:Rs.100/- Annual
Maintenance - General Public Ist year Free
Rs. 200 from second year onwards

NEFT Charges

Digital Mode : FREE

IMPS Charges

Not mentioned

Fees and Charges
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Yuva Yojana

Special Features
Account to be operated by him/her (Child). Sanction of education loan at suitable time ( holding account for more than 6 months). The account will be opened and operated in the name of child simply by accepting deposit of Rs.10/-.
Eligibility Criteria
10 year and upto 18 years
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Free transfer of funds from parent’s account Under deposit Schemes for intercity for course fee, educational fee, hostel fee etc,. Free standing instruction for transfer of money from parent’s account in the same branch. Free standing instruction for transfer of money from Child’s account to RD account in the same branch. Facility for free service for payment of utility bills like mobile phones wherever available.
Cons
Very low interest rate
Application Procedure

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