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NRI Smart Star Savings Account
Save for your child’s future with the NRI Smart Star Savings Account which helps them to learn how to plan, budget and handle money in everyday life.
Features of NRI Smart Star Savings Account
Debit Card
- Silver Chip Debit Card with enhanced withdrawal limits.
- Earn ICICI Bank Reward Points on Debit Card purchases
- Features such as zero liability protection that protects against unauthorised purchases on loss, theft or misplacement.
- There is a debit transaction limit of INR 5,00,000 in a financial year. In case of breach of this limit total freeze will be marked in the account.
- To remove the freeze NRI Smart Star Account has to be converted into NRI Young Star Account.
- For detailed card features, Click here
Bank Convenience
- Convenient access to your account with Debit Card, Net Banking access and Cheque book.
- For Net Banking access user ID and Password will be given to the minor
Eligibility
- NRI minor between 10 to 18 years of age can open the account.
- ICICI Bank Smart Star Savings Account stipulates a minimum monthly average balance of INR 10,000 at account level or INR 25,000 at customer ID level.
- Non-maintenance charges: 6 % of the shortfall in required monthly average balance or INR 500 whichever is lesser.
- Customer ID level: Monthly average balance in NRE/NRO Savings/Non-interest bearing account + Month end balance in Fixed deposit/s and Recurring deposit/s within the same customer ID.
Documents
When you submit an application for account opening at ICICI Bank Branch in India or overseas you will need photocopies of:
- Passport of minor: First and last four pages of the passport (pages with name, address, date of birth, date and place of issue, expiry date, photograph and signature). The signature/thumb impression should be clearly visible and match the signature/thumb impression on your registration form.
- Passport of guardian: First and last four pages of the passport (pages with name, address, date of birth, date and place of issue, expiry date, photograph and signature). The signature should be clearly visible and match the signature on your registration form.
- NRI status proof of minor: Foreign Passport/Visa (Dependent Visa)
- NRI status proof of guardian: Foreign Passport/Visa
- If place of birth of minor/guardian is not India: Person of Indian Origin (PIO) Declaration of minor/guardian with a documentary evidence supporting India connection.
- Address proof of minor and guardian: View complete list of permanent <address proofs here>.
- If minor does not have address proof in his/her own name: Guardian’s address proof along with relation proof with the minor.
- PAN/Form 60 of guardian
- PAN/Form 60 of minor (if available)
- FATCA declaration as applicable
Forms to download for the application
- Existing Customer - Upgrade form
- Family Banking - Family ID Creation form
- The NRI Premia Program can be opened under both NRO & NRE Account variants.
- For Product term and condition Click here
Service & Penal Charges
To explore ICICI Bank's complete list of service & penal charges, please click here for detailed information and transparency.
Click here for product terms and conditions.
NRI Smart Star Savings Account FAQ's
With Young Star Account you can open and operate the account to plan your child’s need, right from a young age.
With Smart Star Account, minors above the age of 10, can open and operate the account all by themselves. This will inculcate habit of savings and a responsibility to spend wisely.
Smart Star Savings Account with Guardian Consent – has a debit transaction limit of Rs. 2 Lacs in a financial year.
Smart Star Savings Account without Guardian Consent – has a debit transaction limit of Rs. 50000 in a financial year.
In case of breach of debit transaction limit account is frozen
