State Bank of India is an Indian multinational, public sector banking and financial services company.

It is a government-owned corporation with its headquarters in Mumbai, Maharashtra

Pehla Kadam and Pehli Udaan', two new savings bank products for children, was launched by Arundhati Bhattacharya, Chairman, State Bank of India (SBI) and Vice Admiral AR Karve, Chief of Staff at the Navy Children School, Mumbai

About Pheli Udaan plan:

Pehli Udaan' is a 'single' operated savings bank account for a minor aged 10 years and above who can sign uniformly.

Other features:

* Internet Banking with limited transaction facilities like bill payment, opening of fixed deposit, recurring deposits, etc. with per day transaction limit of Rs. 5,000.

* Mobile Banking with limited transaction facilities like bill payment, top-ups with per day transaction limit of Rs. 2,000.

* Auto sweep with a minimum threshold of Rs. 20,000 and in multiple of Rs 1,000 with a minimum of Rs. 10,000.

Contact:

State Bank of India
State Bank Bhavan, Madam Cama Road
Mumbai-400021.

SBI Office Phone Number: +91-22-22029456
SBI Office Fax Number: +91-22-22742431