SBI offers a saving accounts for youth with a bunch of relevant services like net banking, mobile banking, IMPS, variety of debit cards, etc. the account can be opened with zero balance and is paid with 4% interest calculated on daily basis. The age eligibility for 'SBI Yuva' saving account is 18 to 30 years and it also has a facility of nomination. Along with basic facilities, bank offers auto sweep facility to the customers and standing instructions, which can be ordered via internet banking.
The mobile banking attached with the account renders a variety of services like fund transfer, cheque book request, utility bills, IMPS, etc ,that take care of need of the hour in youth. The bank offers free collection of one cheque per month with a ceiling limit of Rs 20,000 for this account. Also, one DD/ bankers' cheque is issued free of cost (per calendar year) favoring educational institution or job application.
With a few free basic services like issuance of passbook, balance enquiry, fund transfer and operating an inoperative account, SBI Yuva account has some chargeable services too:
401, Lakhani Centrium, Sector 15, CBD Belapur, Navi Mumbai, Maharashtra 400614