Dnyanlaxmi Bachat Thev Yojana

At Suvaranyug Bank, we aim at providing the best end-to-end financial solutions to help students achieve their dreams and goals. The Suvarnayug Dnyanlaxmi Bachat Tev Yojana is focused on supporting career growth through education. The Suvarnayug Dnyanlaxmi Bachat Tev Yojana gives a highinterest rate among other benefits to students. As a student, you now have an opportunity to open your Dnyanlaxmi Bachat Tev Yojana account with Suvaranyug Bank and plan for a better future. The account opening process is simple.

Dnyanlaxmi Bachat Tev Yojana

Eligibility :

  Students above 14 years and up to 25 years of age and are pursuing regular courses can open these accounts. The account will be automatically converted to normal SB after 25 years. Cheque book can be issued after student becomes major. Accounts of students who are minors below the age of 14 years will be operated by Parents/guardian.

Minimum Balance for account opening :

  Rs 100/- Balance account opening.

Average Balance :

  Rs 100/-

Debit Card :

  Free. No annual maintenance charges.

Withdrawal at branch through withdrawal slip :

  Number of free withdrawals will be restricted to 10 per half-year. Beyond the limit Rs 25/- per transaction to be charged.

Free ATM Transactions :

  Total 5 per month Free ATM transactions is for other Bank (financial & non- financial) For own Bank All transaction free.

ATM Cash Withdrawal Limit :

  Max One Time Rs.10,000/- & Total Rs.20,000/- Per day

ATM POS Limit :

  Rs. 35,000/- Per day

Cheque Book :

  No Cheque Book



DD :

  As per applicable charges.


  As per applicable charges.


  As per applicable charges.

Account closure -within 14 days or after 12 months :

  As per applicable charges.

Account closure -Between 15 days to 12 months :

  As per applicable charges.

Passbook/Statement :

  Passbook will be given. No Monthly Statement of Account will be provided.

Interest :

  As applicable to Normal Savings Deposit Account.
  Account to be opened in the name of minor.
  Account should not be opened / converted in joint names.
  No cheque book to be issued.
  Withdrawal alongwith Passbook only.
  Declaration cum no objection letter should obtain from natural guardian that minor has acquired sufficient knowledge about opening / operating the bank account.
  Account should be introduced by head of institution where the student is studying or by the guardians who are having account with us.
  Mobile no. of the natural guardian to be obtained for sending SMS alert.
  Overdrawing should not be allowed.
  Once the minor becomes major all items & conditions for normal Saving Bank Account become applicable.
  For RuPay Card Holder Students, NPCI Covers Accident Insurance Rs.100000/-