Savings Account for Youth by PSBs – ‘YUVA Connect’
| S. No. | Parameter | Details |
|---|---|---|
| 1 | Eligibility | All Resident individuals in the age group 16–29 years. |
| 2 | Minimum Balance Requirement | Nil |
| 3 | Debit Card Type | RuPay Card |
| 4 | Debit Card Issuance Charge | Nil |
| 5 | AMC of Debit Card | Nil until the age of 29 |
| 6 | Mobile Banking / Internet Banking | Free |
| 7 | NEFT / RTGS / IMPS / UPI / DD | Unlimited free via both online and branch-channel. |
| 8 | Cheque Book | 25 leaves free per annum |
| 9 | SMS Alerts | Free |
| 10 | ROI Concession for Education Loan | Additional interest rate and processing fees concession on education loans as per Bank policy. |
| 11 | ATM Cash Withdrawal Limit | ₹40,000/- per day |
| 12 | POS Limit | ₹50,000/- per day |
| 13 | Personal Accident Insurance | ₹2,00,000/- |
| 14 | Mode of Account Opening |
|
| 15 | Offers | Offers available on RUPAY Debit Card designed for youth are enclosed as Annexure. |
Note: Any other terms & conditions may be as per Bank's approved policy in compliance with RBI Guidelines. KYC guidelines of RBI to be followed.
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