Jana Small Finance Bank Children’s Savings Accounts
Jana Small Finance Bank was one of the ten banks to receive a small banking license from the RBI in 2015-16. The bank started operations in 2018 after receiving a capital investment of Rs. 2,000 crore. Jana Small Bank does not offer a dedicated minor savings account and though it does not mention clearly on its website if the regular savings account is open for minors, reading of the Terms and Conditions of the service charges file shows that the account can be opened by or on behalf of minors.
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Regular Savings Account
This is the standard savings account of the bank.
- The bank needs an average monthly balance of Rs. 2,500
- The Regular Savings Account comes with a RuPay Debit Card
- The bank has not put a cap on the number of withdrawals the accountholder can make though the bank’s ATMs, except for minors where it has been pegged at Rs. 10,000 per month
- The bank has put a limit on the amount that can be withdrawn from the ATM or be spent at POS transaction for minor accounts. The cash withdrawal limit is Rs. 5,000 and the POS limit is Rs. 10,000 per day
- The bank accountholder gets 3 complimentary cash transactions at other bank ATMs in metro locations and 5 at non-metro locations
- Accountholders get one complimentary chequebook for each quarter
- The company offers the customer the option of getting an SMS alert facility on payment of Rs. 15 per quarter
- Jana Small Finance Bank Website: janabank.com
- Headquarters: Bengaluru, Karnataka
- Call Centre Number: 1800 2080, 1800 4200