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.
Table of Contents
| 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 |
|
| Personalised Debit card | USP ATM Card which can be personalised with a photo for a onetime cost of Rs.200. |
| Insurance Cover |
|
| 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 |
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GST of 18% is applicable on all banking products and services from July 1, 2017 onwards.
