Do I need to maintain a monthly average balance for the ICICI Bank Young Stars account?
The minimum Monthly Average Balance (MAB) to be maintained for the ICICI Bank Young Stars Account is Rs.2, 500. The account comes with a free Young Stars Debit Card allowing both cash withdrawals and point of sale service. ICICI Bank Young Stars Account is available for children in the age group of 1day-18 years. The guardian can open and operate the account on behalf of the minor.
Yes, for the ICICI Bank Young Stars Account you need to maintain a minimum monthly average balance of Rs. 2,500. In case this balance isn’t maintained, a charge of 5% of the shortfall in required monthly average balance will be levied.