The State Bank of India (SBI) has introduced the SBI Pehli Udaan Debit Card, an innovative solution designed specifically for young customers. This card aims to promote financial inclusion by providing children and students with their first experience of managing money through a bank card.
To obtain the SBI Pehli Udaan Debit Card, children need to open an SBI Pehli Udaan savings account, which grants them access to the card’s benefits. This blog will explore the features, benefits, eligibility criteria, and application process of this unique debit card, helping young users take their first steps toward financial literacy.
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What is SBI Pehli Udaan Debit Card?
The SBI Pehli Udaan Debit Card is a kind of debit card that is designed to meet the financial needs of young account holders, offering a personalized photo ATM-cum-debit card. This card has mobile banking access, and an auto sweep facility to promote smart saving habits in students.
The SBI Pehli Udaan Debit Card is designed for minors who are over 10 years old and can sign consistently. This card is issued with the SBI Pehli Udaan savings account, which is opened in the child’s name. It helps kids learn important financial skills and encourages them to manage their money wisely from a young age.
Physical Appearance of the SBI Pehli Udaan Debit Card
The front side of the SBI Pehli Udaan Debit Card features the cardholder’s name, card number, card validity date, and the logos of SBI and Pehli Udaan.
On the back side, you’ll find the magnetic strip, signature panel, CVV/CVD/CVC number, and emergency helpline number. The image of the SBI Pehli Udaan Debit Card is provided below for better clarity.
Image source: scribd.com
Also Read: Check out this blog if you are planning to take an SBI education loan. Know the application process in our blog on how to apply for an education loan in SBI.
Key Features of SBI Pehli Udaan Debit Card
The SBI Pehli Udaan Debit Card is packed with key features specifically designed to cater to the needs of young users, making it an ideal choice for first-time banking experiences. Each feature is carefully crafted to enhance the learning journey while ensuring safety and ease of use. Below are the key features of the SBI Pehli Udaan Debit Card, providing a better understanding:
- Photo ATM-cum-Debit Card: The SBI Pehli Udaan debit card is photo-embossed, providing a personalized touch for minors. It comes with a withdrawal and Point of Sale (POS) limit of INR 5,000 per day.
- Mobile Banking: With SBI Pehli Udaan debit card and savings account, minors can enjoy viewing rights and limited transaction capabilities like bill payments, mobile top-ups, and IMPS transfers. The per-day transaction limit is set at INR 2,000.
- Auto Sweep Facility: This feature helps automate savings by transferring amounts exceeding INR 20,000 into a fixed deposit in multiples of INR 1,000, with a minimum sweep amount of INR 10,000 on this debit card.
Benefits of SBI Pehli Udaan Debit Card
Beyond basic banking functionalities, the SBI Pehli Udaan Debit Card offers numerous benefits that can significantly impact a child’s understanding of finances. This card is not just about spending; it’s about instilling values of saving and responsible financial behaviour. Below are the benefits of the SBI Pehli Udaan debit card, providing a better understanding:
- Promotes Financial Literacy for Students: The SBI Pehli Udaan Debit Card introduces minors to the importance of saving and managing finances from an early age, helping build a strong foundation for financial responsibility.
- Controlled Spending & Responsible Decision-Making: With built-in daily transaction limits and a withdrawal cap of Rs. 5,000, minors can develop responsible spending habits, ensuring they stay within their budget and make thoughtful financial decisions.
- Ease of Transactions: The debit card simplifies transactions, helping children understand the basics of banking and money transaction limits and ways.
- Parental Oversight: Parents can easily monitor their child’s spending through net banking and mobile banking features, ensuring proper use of the card and providing peace of mind.
- Learning Opportunity: The card offers hands-on experience with digital banking tools through online and ATM transactions, equipping children with essential skills for managing money in the modern financial world.
Eligibility Criteria SBI Pehli Udaan Debit Card
Understanding the eligibility criteria for the SBI Pehli Udaan Debit Card is important for parents who want to introduce their children to banking. To avail of the SBI Pehli Udaan Debit Card, certain eligibility criteria must be met, focusing on the minor’s age and capability. To be eligible for the SBI Pehli Udaan Debit Card, the following criteria must be met:
- Age: Minors aged 10 years and above are eligible to get the SBI Pehli Udaan Debit Card with an SBI student account.
- Signature Capability: The minor must be able to sign uniformly.
- Account Ownership: The account will be operated solely by the minor.
Also Read: Learn about the SBI education loan repayment plan here and repay your loan efficiently. Check the various online payment methods.
How to Apply for SBI Pehli Udaan Debit Card?
The application process for the SBI Pehli Udaan debit card is straightforward with the right guidance. When opening the SBI Pehli Udaan savings account, make sure to select the option of debit card, to receive it along with the account during the account opening process.
If you miss this step, here’s a simple guide to help parents assist their children in applying for the SBI Pehli Udaan debit card and starting their banking journey.
- Visit the Nearest SBI Branch: Parents or guardians should visit the nearest SBI branch along with their child and the required documents.
- Submit Necessary Documents: Provide the minor’s Date of Birth proof, Photo, Aadhaar, and PAN or Form 60. If an Aadhaar or PAN is unavailable, an application for an Aadhaar or an Officially Valid Document (OVD) can be submitted.
- Complete the Application Form: Fill out the Pehli Udaan savings account application form for debit card and submit it along with the required KYC documents.
- Card Issuance: Once the application is processed, the minor will receive the photo-embossed SBI Pehli Udaan debit card.
To apply for an SBI Pehli Udaan debit card online, you can:
- Go to the SBI website or the YONO app
- Select Personal Banking
- Select Accounts
- Select Savings Account for Minors
- Select Apply Now
- Fill out the application form with the minor’s details
- Upload the required documents
- Verify the details and submit the application
- Visit the nearest SBI branch to complete the process and activate the account
The SBI Pehli Udaan Debit Card is an excellent initiative by the State Bank of India that empowers minors with essential financial skills while ensuring safety and parental oversight.
It is linked to an SBI zero-balance account, known as the SBI Pehli Udaan Savings Account, making it an accessible option for young users. This card lays the foundation for responsible financial behaviour, benefiting them throughout their lives.
This was all about the SBI Pehli Udaan Debit Card for Minors. To learn more about the best bank accounts for students, education loans, forex, banking experience for global students, or international money transfers, reach out to our experts at 1800572126 to help ease your experience with studying abroad.
FAQs on SBI Pehli Udaan Debit Card
The SBI Pehli Udaan Debit Card is a personalized ATM-cum-debit card designed for minors aged 10 and above. It helps young users manage finances, with features like mobile banking access and an auto sweep facility to encourage smart saving habits.
The card is available for minors aged 10 years and above who can sign consistently. The minor must also have a Pehli Udaan savings account in their name, and the account will be operated solely by them.
Parents or guardians can apply by visiting the nearest SBI branch with the required documents, such as the minor’s Date of Birth proof, Aadhaar, and PAN or Form 60. The application can also be submitted online through the SBI website or the YONO app.
Documents required include the minor’s Date of Birth proof, Aadhaar, PAN or Form 60, and a passport-sized photo. If an Aadhaar or PAN is unavailable, an Officially Valid Document (OVD) can be submitted.
Key features include a personalized photo-embossed debit card, mobile banking access, a daily withdrawal limit of Rs. 5,000, a per-day transaction limit of Rs. 2,000, and an auto sweep facility for savings.
The auto sweep facility automatically transfers amounts exceeding Rs. 20,000 into a fixed deposit in multiples of INR 1,000, promoting savings in a structured way.
Yes, parents can monitor their child’s transactions using net banking or mobile banking features, providing oversight and ensuring responsible use of the card.
The card has a daily withdrawal limit of INR 5,000 and a per-day transaction limit of INR 2,000 for activities such as bill payments, mobile top-ups, and IMPS transfers.
The front side of the card displays the cardholder’s name, card number, and validity date, along with the logos of SBI and Pehli Udaan. The back side includes the magnetic strip, signature panel, CVV/CVD/CVC number, and emergency helpline number.
The card promotes financial literacy, controlled spending, and responsible decision-making, and provides hands-on experience with banking tools. It also encourages savings and allows for parental oversight, making it a great learning tool for young users.
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