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*Debit transaction limit for Self Operated Account

  • Savings Account (without guardian consent) : Rs 50,000

  • Savings Account (with guardian consent): Rs 2,00,000

  • Select Banking: Rs 3,00,000

  • Wealth Management: Rs 5,00,000

  • Private Banking: Rs 6,00,000

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Savings Account for Kids FAQs

What is the eligibility criteria for opening an ICICI Bank guardian operated or Self-operated savings account?

  • Guardian operated 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.
  • Self-operated 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 guardian operated and self-operated Savings Account?

  • Guardian operated savings account will help you plan for your child’s needs, right from their young age.
  • While with the self-operated 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 is the debit transaction limit for the ICICI Bank Guardian operated savings account?

There is no debit transaction limit for guardian operated savings account.

What happens when the debit transaction limit in the ICICI Bank self-operated 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.