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State Bank of IndiaSavings account

SBI Pehla Kadam Minor Savings Account

SBI's guardian-operated minor savings proposition for children of any age, with limited internet-banking transactions and a Photo ATM-cum-Debit Card.

First-party evidencePublished researchReviewed September 11, 2026Active
Open primary bank source ↗Bank dossierCompare alternatives
Balance / relationshipMaximum balance ₹10 lakh in the minor's Savings Account and ₹20 lakh aggregate deposit on the minor CIF under the current Pehla Kadam dispensation.
Cost / chargesSBI's current deposit policy says non-maintenance charges for average balance are presently waived across Savings Bank Accounts; other service and card rules remain product-specific.
Limits / allowancesCurrent SBI policy sets a ₹5,000 per-day limit for the listed internet-banking transactions; the account is guardian/joint operated and the minor-account deposit ceilings remain separate controls.
Ongoing relationship ruleThe account can be jointly operated with the parent/guardian or singly by the parent/guardian. SBI names only a generic Photo ATM-cum-Debit Card here, so no invented named-card relationship edge is created.
Research processPublished by bankingreference.info

Structured from first-party bank/issuer evidence. This page does not claim personal hands-on product use unless that experience is explicitly stated.

3 first-party sources
Last checkedSeptember 11, 2026

Recorded source review date, not a claim that the product changed that day.

Maintenance stateWithin scheduled review window

Target recheck: January 9, 2027.

Critical decision facts

Start with the ongoing account relationship, then price the access layer.

Balance or salary conditions, charges, allowances and downgrade rules can matter more than a promotional benefit.

01 · Balance / relationshipMaximum balance ₹10 lakh in the minor's Savings Account and ₹20 lakh aggregate deposit on the minor CIF under the current Pehla Kadam dispensation.
02 · Cost / chargesSBI's current deposit policy says non-maintenance charges for average balance are presently waived across Savings Bank Accounts; other service and card rules remain product-specific.
03 · Limits / allowancesCurrent SBI policy sets a ₹5,000 per-day limit for the listed internet-banking transactions; the account is guardian/joint operated and the minor-account deposit ceilings remain separate controls.
04 · Ongoing relationship ruleThe account can be jointly operated with the parent/guardian or singly by the parent/guardian. SBI names only a generic Photo ATM-cum-Debit Card here, so no invented named-card relationship edge is created.
Maintained terms

Fees, balances, benefits, limits and eligibility without a single-score shortcut.

These six fields are the cross-product layer. The specialist section above controls whenever a type-specific field is more precise.

Cost / chargesSBI's current deposit policy says non-maintenance charges for average balance are presently waived across Savings Bank Accounts; other service and card rules remain product-specific.
Balance / relationshipMaximum balance ₹10 lakh in the minor's Savings Account and ₹20 lakh aggregate deposit on the minor CIF under the current Pehla Kadam dispensation.
Core benefitsGuardian/joint operation, enquiry rights plus limited internet-banking transactions, deposit access and a Photo ATM-cum-Debit Card.
Limits / allowancesCurrent SBI policy sets a ₹5,000 per-day limit for the listed internet-banking transactions; the account is guardian/joint operated and the minor-account deposit ceilings remain separate controls.
EligibilityA minor of any age can open Pehla Kadam with a parent or guardian under current SBI minor-account rules.
Ongoing relationship ruleThe account can be jointly operated with the parent/guardian or singly by the parent/guardian. SBI names only a generic Photo ATM-cum-Debit Card here, so no invented named-card relationship edge is created.
Fit & cautions

Who this record appears designed for—and what can break the fit.

Best-fit wording summarizes the published proposition. It is not individualized financial advice or an approval prediction.

Potential fit

Parents or guardians who want an SBI minor account before the child is ready or eligible to operate an account independently.

Verify before relying
  • The ₹5,000 digital limit applies to the limited internet-banking transaction set, not every possible banking channel.
  • The minor CIF/account deposit ceilings are separate from card technical limits.
  • On attaining majority, SBI requires updated majority/KYC formalities; debits can be blocked until those formalities are completed.
Maintained comparisons

Compare this product only where the pair is deliberately maintained.

Both sides keep independent review dates, exact conditions and first-party evidence. No winner score is generated.

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First-party source ledger

Complete evidence set for this maintained profile.

Each source remains independent. A product page, tariff, KFS/MITC, rate schedule or programme document is not silently treated as interchangeable evidence.

01
Primary product / service sourcesbi.bank.in
Open source ↗02
Additional first-party evidencesbi.co.in
Open source ↗03
Additional first-party evidencesbi.co.in
Open source ↗
Current-use rule

When the bank changes a term after the recorded review, the current agreement, tariff, KFS/MITC or effective rate table controls.

Research boundary

This page organizes dated public evidence; it does not guarantee eligibility, availability, approval, service quality or future pricing.