SBI is running two schemes named First Step and First Flight to develop a sense of savings among children. In this, they get many other facilities including Internet Bank King.
SBI Schemes for Children
If the habit of saving money in children is put from the beginning, then their future can be better. Due to this, the country’s reputed bank SBI is running two schemes. Whose name is the first step (Pehla Kadam) And first flight (Pehli Udaan) is. Internet Banking, Mobile Banking and Overdroft are other facilities available in both savings accounts. In this, the maximum balance can be kept up to 10 lakh rupees. So what is the specialty of these schemes and how to open an account in them, know the whole process.
What is the first step scheme
In order to motivate children to save in modern times, the first step scheme was started by SBI. Personalized check book is available in it. An ATM cum debit card bearing the child’s photo is issued. In this, up to Rs 5,000 can be withdrawn under the POS limit.
These facilities are available including bill payment
In the first step, the facility of bill payment and top up is also available. Through this account you can do daily transactions up to Rs 2,000. In this, the parent or guardian gets the facility of overdraft against the fixed deposit. However, some rules need to be followed. Along with this, the benefit of Internet and mobile banking is also available.
Characteristic of the first flight scheme
Personalized check book facility is also available under the first flight scheme. In this also, the mobile number of the account holder is recorded. Through this account you can take advantage of bill payment, top up, IMPS etc. There is a daily transaction limit of Rs 2,000 available. Apart from this, auto swipe facility is available with a minimum initial limit of Rs 20,000, but overdraft facility is not available in it. In the first flight too, you can keep a balance maintenance of maximum 10 lakh rupees as the first step.
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