SBI Offers Accounts For Minors: Interest Rate, Benefits And Other Details

State Bank of India (SBI), the country's largest lender, offers Pehla Kadam and Pehli Udaan savings accounts for minors. While the Pehla Kadam account can be opened in the name of an individual aged below 18 years, the Pehli Udaan account is meant for those are above 10 years of age, according to SBI's official website - sbi.co.in. Customers don't need to maintain a Monthly Average Balance (MAB) for both accounts. In other words, the...