Hdfc Bank Kids Advantage Fund, Hdfc Bank Children's Saving Account

Features

An ATM/Debit card can be issued to the child having age above 10 years
The child will get a free Education Insurance cover of Rs.1,00,000 in the event of death of the parent/ guardian through vehicular accident by road, rail or air to safeguard his/her future
Standing Instruction can be given to transfer any amount from your account to your Kid's Advantage account every month (Minimum value Rs. 1,000 & Minimum tenure 1 year) (Mandatory)
If MoneyMaximizer (sweep-out) facility is availed then the balance in the Kid's Advantage Account the amount in excess of Rs. 25,000 will automatically be transferred to a Fixed Deposit for 1 year and 1 day, in the child's name once the balance reaches/exceeds Rs. 35,000
Child can withdraw Rs. 2,500 at ATMs and spend Rs. 10,000 at merchant locations per day
Free Payable-at-Par cheque book, having 25 cheque leaves per financial year, will be issued to the child at the time of account opening
Free passbook facility
Free e-mail statements
NetBanking, PhoneBanking and MobileBanking facailities are available

Rs. 5000

Account can be opened for a child who is minor(up to 18 years of age)
Parent of the child should have a Savings Account with HDFC Bank
Minors above the age of 10 years are eligible to open self operated minor account

Non-maintenance of MAB: Between Rs 2500 to Rs 5000: Rs 150 & Less than Rs 2500: Rs 300
Cheque Book: First Payable Ae Par cheque book of 25 leaves is for free. After that cheque books will be charged at Rs 3 per leaf
Issuance of duplicate statements: Rs 100 from the nearest branch
Duplicate Passbook: Rs 100
Interest Certificate: Rs 50
TDS Certificate: Free
Issuance of Passbook: Free
Account Closure: Upto 2 weeks from account opening: Nil & from 3 weeks to 1 years: Rs 500
Photo Attestation: Rs 100
Stop Payment Fees: Rs 50 per cheque
Phone banking (IVR): Free
Local Cheque deposited for outstation accounts: Free