PNB allows your children to open a special account. The name of this account is PNB Junior SF Account. SF stands for Special Fund. Children get various facilities on this Junior SF account.
Punjab National Bank (PNB), the second largest government bank in the country, has brought special offers to secure the future of your children. Under this offer, PNB allows your children to open a special account. The name of this account is PNB Junior SF Account. SF stands for Saving Fund. Children get various facilities on this Junior SF account. PNB has given information about this account by tweeting.
PNB brought this special facility for your children, you will get many big benefits…!
PNB Bank wrote on its official Twitter handle, “Give your children a bright future with a PNB Junior Saving Fund Account!” To secure your child’s future, open a junior savings fund account. There is no need to keep minimum average balance in this account. Internet banking facility is also available in it.
Give a bright future to your kids with a PNB Junior Saving Fund account! 👶
To know more, visit: https://t.co/C4gjc49MKJ pic.twitter.com/TgJhNoNYTq
— Punjab National Bank (@pnbindia) February 19, 2021
Children can operate themselves
According to the PNB website, this savings account will be opened for children. Parents and guardians of children can open this account. Apart from this, children older than 10 years can open this account themselves and can also operate a savings bank account. There is no need to keep minimum balance in this account. The initial deposit in this account is zero.
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Free money transfer facility
National Electronic Funds Transfer (NEFT) transaction up to 10 thousand rupees can be made free from this account every day. Through this children’s account, a demand draft (DD) for school and college can be made for free. Apart from this, in this account the bank gives 50 check checks to the children. This happens for a year.
Free facilities will not be available when you are 18 years old
To prevent misuse of minor accounts, all concessions and free services under the scheme will be withdrawn after attaining the age of 18 years. After the child turns 18, this account will automatically be converted into a General Category Saving Fund account.
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