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Develop a goal based saving habit for your child with the NRI Young Star Savings Account.
Teach children to save their allowance or gift money in a Savings Account to help them become financially responsible in future.
Features of NRI Young 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.
- 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 guardian can link his/her User ID with minor account through Net Banking.
Eligibility
- NRI minor between 1 day and 18 years of age can open the account under guardianship.
- ICICI Bank Young Star Savings Account stipulates a minimum monthly average balance of INR 10,000 at account level or INR 25,000 at customer ID level.
- 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.
- Non-maintenance charges: 6% of the shortfall in required monthly average balance or INR 500 whichever is lesser.
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 documentary evidence supporting India connection.
- Address proof of minor and guardian: View complete list of permanent <address proofs here>.
- Understanding minor will 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 Young 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
