SBI Savings Bank Accounts For Minors: From Eligibility To Interest Rates

Customers can now acquaint their children with modern-day banking with State Bank of India (SBI) Savings accounts, Pehla Kadam and Pehli Udaan, mentioned country's largest lender in a tweet on its official handle @TheOfficialSBI. SBI's 'Pehla Kadam' and 'Pehli Udaan' are SBI's banking products launched specially for minors. According to SBI portal, these banking products will not only help children learn the importance of saving money but will also allow them to experiment with the 'buying power' of money. Both the savings accounts are fully loaded and replete with banking features like internet banking and mobile banking, added SBI.