Kotak Mahindra Bank Junior Account, Kotak Mahindra Bank Children's Saving Account
Features
- It is specifically designed to teach your children the benefits of saving
- Host of privileges across dining, edutainment and shopping on kids' brands are provided
- Offers upto 6% p.a. interest
- Zero balance account
- Junior Debit Card is provided
Average Monthly Balance
Nil
Eligibility
- Account can be opened for a child who is minor(up to 18 years of age)
- Minors above the age of 10 years are eligible to open self operated minor account
Documents Required
- Identity proof
- Address proof of guardian
- 4 latest passport size photographs
- Signature proof
Fees & Charges
- NEFT / RTGS / Fund Transfer: Nil Charges
- IMPS Transfer: Rs 5 to Rs 15
- Cash Transactions: Nil Charges upto 4 transactions or 2 lakhs/ month , whichever is earlier. Post these limits,charged at Rs 3.5/
- 1000 (Minimum Rs 150)
- Debit Card / ATM Charges (Kotak Bank's ATM): Nil
- Debit Card / ATM Charges (Other than Kotak Bank's ATM): Nil Charges upto 5 Transactions; thereafter Rs. 20 per cash withdrawal & Rs. 8.5 per Non Financial Transactions
- Home Banking charges: Rs 150 per visit
Find More Useful Links
- Eligibility to Open a Savings Account in Kotak Mahindra Bank
- Saving Account Document Required in Kotak Mahindra Bank
- How to Open Saving Account in Kotak Mahindra Bank
- How to Close Saving Account in Kotak Mahindra Bank
- How to Transfer Saving Account in Kotak Mahindra Bank
- How to link Aadhaar Card to Kotak Mahindra Bank
- How to change Address in Kotak Mahindra Bank
- How to Change Signature in Kotak Mahindra Bank