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Dhanam Yuvak Savings Account

Savings Account
  • Instant money transfer
  • 24x7 ATM withdrawals
  • Attractive rate of interest

The Dhanam Yuvak Savings Account by Dhanlaxmi Bank is exclusively designed for customers in the age group of 18 years to 35 years. 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.1000
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
Type of Debit Card Classic Debit Card

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) 2 NEFT transactions are allowed for free per month, beyond that the following charges are levied per transaction:
  • Upto Rs.10,000 – Rs.2.50
  • Rs.10,001 to Rs.1,00,000 – Rs.5
  • Rs.1,00,001 to Rs.2,00,000 – Rs.15
  • Above Rs.2,00,000 – Rs25
RTGS (Branch) 2 RTGS transactions are allowed for free per month, beyond that the following charges are levied per transaction:
  • Upto Rs.2 lakh – Nil
  • Above Rs.2 lakh to Rs.5 lakh – Rs.25
  • Above Rs.5 lakh – Rs.50
Cash deposit at home branch No charge
Cash deposit at non base branch Up to Rs.50,000 per day Third party form must be submitted
Cash withdrawal at non base branch Cash withdrawals of up to Rs.30,000 and POS at Rs.50,000 per day without any charge Third party withdrawal above Rs.50,000 is charged at Rs.1 per 1000.

Features of Dhanam Yuvak Savings Account

The key features of Dhanam Yuvak Savings Account are given below:

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.
  • If minimum AMB is not maintained, the bank deducts a onetime fee of Rs.150.
Personalised Debit card USP ATM Card which can be personalised with a photo for a onetime cost of Rs.200.
Project Work at Bank Account holders are given preference for carrying out a project at the bank as a part of education. However, it depends on the availability of seats.

Fees and Charges for Dhanam Yuvak Savings Account

Debit Card ATM pin generation Free
Penalty for not maintaining AMB Depends on the difference between the actual AMB from the required AMB. The charges based on shortfall are:
  • Shortfall of upto 10% - Rs.40
  • Greater than 10% to 30% - Rs.80
  • Greater than 30% to 60% - Rs.120
  • Above 60% - Rs.160
Add-on card charges Rs.100
Mobile Banking Free
Internet Banking Free
Phone Banking Free
e-mail Alerts Free
SMS Alerts 50 paisa for every SMS (Minimum – Rs.5, Maximum – Rs.250 every quarter)
E-mail statement of account Free
Stop payment charges Cheque leaf – Rs.50 Series – Rs.100

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

Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

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Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

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