Home» Indusind Bank Children's Saving Account

Indusind Bank Young Saver Savings Account, Indusind Bank Children's Saving Account

Features

  • Offers Gold Debit Card which can be issued on the child's name (for children above 12years)
  • Get a cheque book on your child's name
  • You have an option in debit card where you can add a personal touch to your child's Debit Card by customizing it with a fun image

Average Monthly Balance

Rs. 5000

Eligibility

  • You can open a minor account on the child's name, if he is above 12 years.
  • If your child is above 12 years, then it should be opened as an "Under Guardian" account, where the parent shall be operating the account. The account will be changed once the child's age crosses 12.

Documents Required

  • Identity proof of guardian
  • Address proof of guardian
  • Age proof of minor
  • Declaration from guardian

Fees & Charges

  • Charges for non maintenance of minimum monthly average balance: 5% of the balance shortfall
  • Statement: Free Monthly e-mail statement
  • DD/ PO Cancellation/ Duplicate Instrument Issuance: Rs. 100 per instrument
  • Debit Card Fees: Nil
  • DD/ PO Revalidation: Rs. 50 per instrument
  • Local Clearing: Free

Find More Useful Links

 

Children Saving Account

Banks Providing Children Saving Account