The Smart Star will offer a personalized cheque book and a debit card with a picture of the child’s choice.
In addition, account holders will also be allowed to make various banking transactions such as issuing cheques, paying bills, recharge mobile phones, open fixed deposits and recurring deposits.
They will also have access to banking channels such as ATM, mobile and internet banking.
ICICI Bank executive director Rajiv Sabharwal said: "We are pleased to offer the ‘Smart Star’ account, which is specially designed keeping in mind the requirements of minors today.
"The unique proposition allows minors to operate their accounts independently. This will help to inculcate a habit of saving and responsibility of spending wisely."
Early this month, the country’ largest lender State Bank of India also launched two new savings bank accounts for children, Pehla Kadam and Pehli Udaan.
