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Young Star Savings Account

A guardian operated Account
For children below 18 years

Smart Star Savings Account

A self-operated Account
For children aged between 10 years and 18 years

Young Star Savings Account

  • Family Banking

  • Wealth & Private Banking Savings Account

family banking

Family Banking

  • Guardian-operated Account on behalf of the Minor
  • Complimentary Titanium Debit Card
  • Minimum Balance requirement of ₹1,00,000 which can be flexibly maintained by family accounts after linking
  • iWish Goal-Based Savings to achieve your child’s future milestones
  • Manage Transaction Limit with the iMobile Pay app
  • Unlimited complimentary Cheque leaves

Young Star Wealth & Private Banking Savings Account

  • A Guardian operated Account on behalf of the Minor
  • Complimentary MasterCard World Debit Card for Wealth Management and Visa Infinite Debit Card for Private Banking
  • iWish goal-based savings to achieve your child’s future milestones
  • Manage transactions limit with iMobile Pay app
  • Unlimited complimentary cheque leaves 
  • No minimum Monthly Average Balance required.

Smart Star Savings Account

  • Wealth Savings Account Wealth Savings Account

    Wealth Savings
    Account

Wealth & Private Banking

Smart Star Wealth Savings Account

  • A self-operated Account with Guardian consent 
  • Enjoy seamless UPI Payments on iMobile Pay
  • Complimentary MasterCard World Debit Card
  • Annual debit transaction limit of ₹ 5,00,000 for a financial year 
  • Manage transactions limit with iMobile Pay app
  • Unlimited complimentary cheque leaves
  • Children can independently issue their cheques (will have to comply with the cumulative limit for Debit Card transactions.)
  • No minimum Monthly Average Balance required 

Bank Anytime Anywhere

  • iMobile Pay

  • Retail Internet Banking

  • WhatsApp Banking

  • 01. Seamless transfer of money anytime, anywhere
  • 02. Pay bills from the comfort of your home
  • 03. Manage Credit Card limits, Block/Unblock Cards, change PIN and more
  • 04. Check your Pre-approved Loan offers and get instant sanctions
  • 05. Apply, track and manage your investments
  • 01. Real time access to all your Accounts with 350+ services
  • 02. Feature-rich dashboard with a seamless user interface for convenient banking
  • 03. Track and manage all your finances, anytime, anywhere
  • 04. Customisable dashboard for setting-up shortcuts for frequently used features
  • 05. Targeted features for your unique requirements
  • 06. Set your own transaction limits and experience an added level of security
  • 01. Available – 24x7 x 365 days (even on holidays)
  • 02. Say ‘Hi’ on +91 86400 86400 and begin WhatsApp Banking
  • 03. Check Account balance & mini statement
  • 04. Avail services like manage Card Limit, Block/Unblock Cards, view EMIs, set Auto-Debit and much more
  • 05. See all your Pre-approved Loan offers and apply instantly!

Eligibility & Documentation

Young Star Savings Account

Eligibility:

  • Children below the age of 18 years

Documentations:

  • Identity proof and address proof of the Guardian
  • Age proof of the Minor
  • Photograph of the Guardian
  • PAN card of Guardian

Smart Star Savings Account

Eligibility:

  • Children between the age of 10 years and 18 years

Documentations:

  • Identity proof and address proof of the Minor
  • Age proof of the Minor (if ID does not confirm the Minor’s Date of Birth)
  • Photograph of the Minor
  • Declaration from Minor
  • PAN card of Guardian and Minor
  • Identity proof and address proof of Guardian
  • Declaration from the Guardian
Read More

Schedule of Charges

Click here to view the Schedule of Charges for Young Star Savings Account.

Click here to view the Schedule of Charges for Smart Star Savings Account.

Kids Savings Account FAQs

What are the eligibility criteria for opening an ICICI Bank Young Star Savings Account and Smart Star Savings Account?

Young Star Savings Account is available for children in the age group of 1 day-18 years. The Guardian can open and operate the Savings Account on behalf of the Minor.

The Smart Star Savings Account is available for Minor customers above 10 years of age. Minor can independently open and operate the Savings Account.

What is the objective of an ICICI Bank Young Star Savings Account and Smart Star Savings Account?

Young Star Savings Account will help you plan for your child’s needs, right from their young age.

While with the Smart Star Savings Account, Minors above the age of 10 years can open and operate the Account all by themselves. This will inculcate a habit of saving and help them spend wisely.

What are the debit transaction limits applicable for the ICICI Bank Smart Star Savings Account?

Smart Star Savings Account with Guardian Consent – has a debit transaction limit of up to ₹ 5,00,000 in a financial year.

Smart Star Savings Account without Guardian Consent – has a debit transaction limit of up to ₹ 50,000 in a financial year.

In case of a breach of the debit transaction limit, the Account is freeze marked.

What is the minimum balance required to be maintained in the ICICI Bank Young Star Savings Account?

The minimum Monthly Average Balance (MAB) to be maintained in the Young Star Savings Account is ₹ 2,500.

Charges for Non-maintenance of Minimum MAB (NMMAB): 6% of the shortfall in required MAB or ₹ 500, whichever is lower.

What is the debit transaction limit for the ICICI Bank Young Star Savings Account?

There is no debit transaction limit for the Young Star Savings Account, as the Account is opened and operated by the Guardian. 

What happens when the debit transaction limit in the ICICI Bank Smart Star Savings Account is breached?

When the applicable debit transaction limit is breached, the Account is freeze marked.

To remove the freeze mark, the customer (Minor) along with Guardian will be required to visit the Branch and upgrade the Account variant. 

Higher limits are available with Smart Star - Guardian Consent Account and Young Star Savings Account - under Guardianship (no debit transaction limit).