PSB Smart Yuva SB Account

PSB Smart Yuva SB Account

Smart Yuva SB Account

A specialised Savings Account for the Students, which promotes Financial literacy and encourages them to become a part of the formal banking system.

S.N.	Features	Neo Yuva	Pro Yuva
1	Eligibility Criteria	Students above 10 years and up to 18 years of age	Students above 18 years and up to 25 years of age
2	Minimum Quarterly Average Balance (QAB)	Rs. 1,500/-	Rs. 1,500/-
3	Initial Deposit Required	Rs. 1,500/-	Rs. 1,500/-
4	Maximum Deposit Allowed	Max account balance Rs.50,000/-; Total credit per FY max Rs.1,00,000/-	No Limit
5	Primary Health Care Services	• Free primary care at e-clinics or DIY app • Unlimited Tele-consultation with doctors • Unlimited assisted tele-consultation with nurse support
6	Personal Accidental Death Cover (with PSB Platinum Debit Card)	Rs. 2 Lakh
7	Mode of Operation	Singly (with guardian undertaking) or jointly with parent/guardian	General Savings Account guidelines apply
8	Charges for non-maintenance of QAB	Nil	Nil
9	Cheque books	Free up to 30 leaves/year (self-withdrawal only)	Free up to 30 leaves/year
10	Demand Draft issuance Charges	Unlimited Free
11	RuPay Platinum Debit Card Issuance/Renewal Charges	Rs. 200/- per year
12	NEFT/RTGS/IMPS (Branch with Cheque)	Unlimited Free
13	NEFT/RTGS/IMPS (Online)	Unlimited Free
14	ATM Cash Withdrawal Limit	Up to Rs. 5,000/- per day	Up to Rs. 40,000/- per day
15	POS + ECOM Transaction Limit	Up to Rs. 5,000/- per day	Up to Rs. 1,50,000/- per day
16	SMS Charges Waiver	Full waiver
17	Flexi Deposit Sweep Facility	Not Available	Available Amount in excess of Rs 25,000/- will be converted to Flexi Fixed Term Deposit Min. FFD Tenure- 46 Days Max. FFD Tenure- 5 years Sweep Amount & Reverse Sweep : In multiple of Rs 1000/- for both sweep in and sweep out.
18	Nomination Facility	Yes, only if operated by guardian	Yes, as per extant guidelines
Note: Customers may opt for free PSB RuPay Classic Debit Card instead of Platinum.