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Dhanam Yuvak Savings Account

The Dhanam Yuvak Savings Account by Dhanlaxmi Bank is exclusively designed for customers in the age group of 18 years to 35 years. Dhanlaxmi Bank offers an interest rate of up to 4% p.a. on its Dhanam Yuvak Savings Account. This new entry is the latest product for the bright future of youth in the country. This Dhanam savings account comes with superior banking features making it a hassle-free experience.

Bank Dhanlaxmi Bank
Account Name Dhanam Yuvak Savings Account
Category Savings Account
Initial Deposit Requirements Nil
Average Monthly Balance (AMB) Rs.1,000
Eligibility Should be a major and within the age group of 18 years to 35 years
Debit Card Issued for free
Credit Card Issued for free, based on eligibility
Accidental Death Insurance Coverage of up to Rs.4 lakh for one year provided the customer maintains a minimum AMB of Rs.5,000.

Interest Rate

Balance Rate of Interest (p.a.)
Up to Rs.1 lakh Between Rs.1 lakh to Rs.5 lakh Between Rs.5 lakh to Rs.50 lakh Above Rs.50 lakh
Up to Rs.1 lakh 3.00%
Between Rs.1 lakh to Rs.5 lakh 3.00% 3.25%
Between Rs.5 lakh to Rs.50 lakh 3.00% 3.25% 3.75%
Above Rs.50 lakh 3.00% 3.25% 3.75% 4.00%

Services Offered by Dhanam Yuvak Savings Account

The following services are offered to customers having a Dhanam Yuvak Savings Account:

Passbook Issued for free
Cheque Book Issued for free
Debit Card limit Rs.30,000 in a day
POS limit Rs.50,000 in a day
NEFT and RTGS Facility Available – Branch and Internet Banking
NEFT (Branch) Free
RTGS (Branch) Free
Cash deposit at home branch No charge
Number of other Bank ATM Withdrawal 5 free per month
Cheque leaf First 20 cheque leaf are free
Isurance Cover
  • Rs.4 lakh worth accidental death insurance cover without any premium, provided for 1 year.
  • The above feature can be availed only if AMB in the account is maintained at Rs.5,000.
Personalised Debit card USP ATM Card which can be personalised with a photo for a onetime cost of Rs.200.
Insurance Cover
  • Rs.4 lakh worth accidental death insurance cover without any premium, provided for 1 year.
  • The above feature can be availed only if AMB in the account is maintained at Rs.5000.
Personalised Debit card USP ATM Card which can be personalised with a photo for a onetime cost of Rs.200.

Fees and Charges for Dhanam Yuvak Savings Account

Debit Card ATM pin generation Free
Mobile Banking Free
Internet Banking Free
Phone Banking Free
e-mail Alerts Free
E-mail statement of account Free

GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.

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