Compare SBI Pehla Kadam Minor Savings Account and PNB GROW Saving Scheme using the controlling cost, balance, rate, tenure, liquidity, limits, eligibility and current first-party bank evidence for this product type.
Compare the two source-backed records without collapsing unlike conditions into a winner score.
Parents or guardians who want an SBI minor account before the child is ready or eligible to operate an account independently.
PNB families wanting a zero-MAB minor account with explicit child card limits and a documented transition to independent operation above age 10.
bankingreference.info · Comparison research sheet
Prepared 14 Sep 2026 · Source page: https://bankingreference.info/compare-banking/sbi-pehla-kadam-minor-savings-account-vs-pnb-grow-minor-savings-account/
General product research only. Recheck the listed first-party sources before acting because product terms can change after the recorded review dates.
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Source review: September 11, 2026
Maintenance: Within the scheduled review window
3 attached sources. A review date is not a guarantee that terms have stayed unchanged.
Source review: September 9, 2026
Maintenance: Within the scheduled review window
2 attached sources. A review date is not a guarantee that terms have stayed unchanged.
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| Decision factor | SBI Pehla Kadam Minor Savings Account | PNB GROW Saving Scheme |
|---|---|---|
| Cost / charges | SBI'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. | Minimum Average Balance is zero. PNB's GROW leaflet states free issuance of the Master Grow Platinum Debit Card; annual maintenance is waived when yearly average balance of ₹5,000 is maintained, otherwise current AMC rules apply. |
| Balance / relationship | Maximum balance ₹10 lakh in the minor's Savings Account and ₹20 lakh aggregate deposit on the minor CIF under the current Pehla Kadam dispensation. | Zero Minimum Average Balance under the current PNB GROW leaflet; the guardian must hold a PNB Savings Account for guardian-operated opening. |
| Core benefits | Guardian/joint operation, enquiry rights plus limited internet-banking transactions, deposit access and a Photo ATM-cum-Debit Card. | Master Grow Platinum Debit Card, free 25 cheque leaves per year, nil SMS alert charges and unlimited-free online RTGS/NEFT under the reviewed leaflet, plus scheme rewards/offers subject to change. |
| Limits / allowances | Current 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. | Master Grow Platinum: ₹10,000 daily ATM withdrawal, ₹10,000 combined POS/e-commerce and ₹5,000 contactless daily limit under the current GROW leaflet. |
| Eligibility | A minor of any age can open Pehla Kadam with a parent or guardian under current SBI minor-account rules. | Minor of any age through natural/legal guardian; guardian must hold PNB Savings Account. Minors above 10 can open and operate independently on satisfactory proof of age under current terms. |
| Ongoing relationship rule | The 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. | PNB explicitly names the Master Grow Platinum Debit Card and its child limits for the GROW scheme. |
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Reviewed September 11, 2026 · 3 attached first-party sources
Reviewed September 9, 2026 · 2 attached first-party sources