Karur Vysya Bank Jumbo
 

Hi I want to open a Karur Vysya Bank Jumbo savings account for my child so can you please tell me some details for it so I can have an idea??

Re: Karur Vysya Bank Jumbo
 

Well the Karur Vysya Bank Jumbo savings account provides an ideal start for your children not only to understand the value of money but also ways to handle it responsibly.

Eligibility For the Account

Children upto the age of 12 years.

A/c will be opened in the name of the minor with the natural guardian as Authorized Signatory.

Minimum Balance

No Stipulation

Interest Payable

As applicable to Savings Bank account on daily balance method

Cash Remittance

No floor. Ceiling of ` 10000/- per day for remittance.

But remittance should be accepted at base branch only

Charges for cash remittance

Exceeding the ceiling will not be permitted and hence not applicable.

Withdrawals

Permitted only through ATM.

ATM Card

Issue of VISA Debit card; No charge on issue as well as no AMC

POS transactions

Permitted

Internet and Mobile Banking

Not permitted

Cheque Book

Not permitted.

Withdrawal only through ATMs.

Doll

Free on opening account.