Utkarsh Small Finance Bank Children’s Savings Accounts

Utkarsh Small Finance Bank offers a dedicated minor savings account, making it one of the very few small finance banks that does so

Utkarsh Small Finance Bank Children’s Savings Accounts

Utkarsh Small Finance Bank was initially set up in 2009, and became a small finance bank in 2016-17. The bank offers a range of loan and saving products for consumers and various business-focussed accounts and solutions for commercial ventures. The bank has a dedicated minor savings account.

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Minor Savings Account

The minor account is eligible for all children below the age of 18 years.

Features

  • The account has a minimum average quarterly balance requirement of Rs. 5,000 in metro and urban locations and Rs. 1,000 in semi-urban or rural locations
  • The bank offers a Classic Rupay Debit Card with the Minor Savings Account
  • Accountholders get unlimited free ATM access at both the bank’s own branches or other bank branches
  • The ATM withdrawal and POS limits is Rs. 5,000, with a single transaction limit (ATM withdrawal or POS) also set at Rs. 5,000
  • Accountholders get a complimentary chequebook of 20 leaves every quarter
  • In addition, Utkarsh offers a free SMS facility

Reference Facts

  • Utkarsh Small Finance Bank Website: utkarsh.bank
  • Headquarters: Varanasi, Uttar Pradesh
  • Call Centre Number: 1800 123 9878, 1800 208 1788