Idbi Bank Power Kids Account, Idbi Bank Children's Saving Account

Features

  • No charges for non maintenance of MAB
  • Exclusive designed Kids ATM Card
  • Withdrawal limits up to Rs 2000 at ATM / POS
  • Personalized Cheque Book
  • Free monthly statements via mail on request
  • Free Passbook
  • Demand Drafts and Pay orders on request
  • Free five ATM transactions at other Bank ATMs at Non Metro Locations

Average Monthly Balance

Rs. 500

Eligibility

  • Minors of any age can open the account
  • Account to be operated jointly with parent/guardian
  • Minor above 10 years of age can open and operate the account indipendently

Documents Required

  • ISA of Guardian
  • Minor Declaration to be signed by the Guardian
  • Guardian's photograph and signature required on AOF
  • Only natural guardians as per law are acceptable, otherwise guardian should be a person appointed by a court of law
  • Two Minors or two guardians not allowed in a minor account
  • Date of birth proof of minor
  • If Minor above 10 years and he himself operates the account, his/ her photo is required

Fees & Charges

  • Fees for non maintenance of Average Quarterly Balance: Nil
  • Number of free ATM transactions at other bank ATMs: 5 free ATM transactions at other bank ATMs located in non metro locations
  • Chequebook charges: Free
  • Passbook charges: Free

Find More Useful Links