BMB Money Box Savings Account

Eligibility

  • All resident Indian children in the age group of 10 years to less than 18 years singly and also jointly with their parents/ natural guardian(s)

Features

  • Can be opened with Rs.100/
  • Total credits in such accounts should not exceed one lakh rupees in a year
  • Maximum balance in the account not to exceed Rs.50000/- at any time
  • The total no of debits by way of cash withdrawals and transfers will not exceed ten thousand rupees in a month
  • Foreign remittances not allowed
  • Number of withdrawals from all channels not to exceed 4 per month

Interest

  • Calculated on daily products basis
  • Interest on savings @ 4.5% p.a. -Up to Rs.1,00,000/-, @ 5% p.a.- on entire balance if exceeds Rs.1,00,000/- on daily product basis

Benefits

  • AQB Rs.500/-
  • Free transactions at Bank’s ATM
  • RuPay Card with limit of Rs.100/200/500/1000/2000 only with pre-authorization from parents
  • Free transfer of funds from parent’s accounts
  • Free account statement by e- mail to parents

more...

  • Lockers available at our Branches in Mumbai, Raipur, Dehradun, Kanpur, Kolkata, Thiruvananthapuram, Ranchi, Agra, Chennai, Jaipur, Agartala, Alwar, Bengaluru, Chandigarh, Panaji, Gurgaon, Lucknow, Hyderabad, Kochi, Panchkula, Indore, Bhubaneswar, Bhubaneswar, Thane, Najafgarh

  • Lockers available at our Branches in Agartala, Agra, Alwar, Bengaluru, Bhopal, Bhubaneshwar, Chandigarh, Chennai, Coimbatore, Dehradun, Goa, Gurgaon, Hyderabad, Indore