- 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:
|
| RTGS (Branch) | 2 RTGS transactions are allowed for free per month, beyond that the following charges are levied per transaction:
|
| 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 |
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| 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:
|
| 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.
