| NAME OF SCHEME | SPB JUNIOR SAVING BANK ACCOUNT | |||
| TYPE OF DEPOSIT | SAVINGS BANK ACCOUNT | |||
| MIN REQUIREMENT | MIN. BAL Rs.250/- | |||
| MINIMUM BAL IN A/C | ||||
| KYC COMPLIANCE | IN FULL | |||
| NOMINATION FACILITY (INDIVIDUALS ONLY) | ||||
| OPERATION IN THE ACCOUNT ALLOWED ALONGWITH GUARDIAN | ||||
| CEILING OF DEP/WITHDRAWAL OF Rs. 5000/- PER DAY | ||||
| & BAL NOT ABOVE Rs.1.00 LAC IN A/C | ||||
| NO CHARGES IF AVERAGE QUARTERLY BAL. IS ABOVE Rs.20000/- | ||||
| CONVERSION OF MINOR A/C TO MAJOR ON ATTAINING MAJORITY | ||||
| IF THE A/C IS OPERATED FOR 5 YEARS & ABOVE, PRIORITY FOR | ||||
| LOAN FACILITY FOR EDUCATION LOAN/MARRIAGE PURPOSE LOAN | ||||
| @ 50% REBATE IN LOAN PROCESSING CHARGES | ||||