Parents today are at their wits end trying to figure out a way to balance needs and demands without hurting the kids’ feeling. ICICI Bank Ltd, as the biggest private bank in the country, was one of the first to introduce the idea of ‘make them a part of it’. And Young Stars Savings Account is the result.
Everything you need to know about this is given below
|Category||ICICI Bank Young Stars Account|
|Minimum Monthly Balance Requirement||INR 2500|
|Interest Rate||4 percent annually|
|Debit Card||Personalized Pocket Debit Card with attractive offers|
|Eligibility Criteria for Young Stars Savings Account||For Young Stars Account – Anyone below age 18 For Smart Star Account – Children between age 10 and 18|
Features of Young Stars Savings Account
Features of Smart Star Savings Account, a variant of Young Stars
Fees & Charges of ICICI Bank Young Stars Account
|Penalty fee for non-maintenance of required Monthly Average Balance||INR 100 per month|
|Money transactions in the same city||First four transactions are free, after which it is INR 90 for each transaction.|
GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.