This is a Special kind of Savings Bank Deposit product for children to be made available in Gen-Next Pune branch.
Children upto 18 years of age.
Minimum Amount & Balance
- QAB: Rs 500/-
- Charges for non-maintenance of QAB is Rs 50/ per quarter only.
- In case of joint accounts with parent and minors (with sole account) above 14 years, there is no ceiling on the maximum amount.
- An account in the sole name of minor above 10 years and below 14 years, maximum limit is Rs 1 lakh.
Single / Joint Accounts
- In case of minor below 10 years the account shall be opened jointly with parents / guardian.
- Minors above 10 years (below 18 years) can open the account in their sole name subject to : Minor is able to read and write any of the recognized languages, and
- Capable in the opinion of the Bank officials of understanding the what he / she is doing and SB account rules and regulations.
For detailed information on the benefits you can avail of, and terms and conditions to follow for the same,