Karur Vysya Bank Jumbo Kids Savings Account, Karur Vysya Bank Children's Saving Account

Features

For children upto the age of 12 years
Account opened in the name of the child with the natural guardian as the authorized signatory
Free cash remittance of Rs. 50000 per day at base branch as well as non-base branches
Internet and Mobile Banking is not permitted
POS transactions are permitted
Interest rate at 4% p.a. and ia equal to the interest on Regular Savings Bank account on daily balance method
No minimum balance requirement
Issue of VISA Debit card. No charge on issue as well as no AMC
Free attractive Jumbo Doll

Nil

Children upto the age of 12 years. Account will be opened in the name of the minor with the natural guardian as Authorized Signatory.

Charges for cash remittance: Exceeding the ceiling will not be permitted and hence not applicable
Internet and Mobile Banking charges: Not permitted hence not applicable
Closure of Account: upto 14 days Nil; less than 1 year: Rs. 150 and more than or equal to 1 year: nil
Debit Card: No issuance charges and no AMC
Cheque Book: Not permitted. Withdrawal only through ATMs