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. 

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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

  1. Rs.4 lakh worth accidental death insurance cover without any premium, provided for 1 year.
  2. 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

  1. Rs.4 lakh worth accidental death insurance cover without any premium, provided for 1 year.
  2. 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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