It is a saving account with time deposit features.
- The account is opened by parents/ guardians for a specific benefit of the children under 18 years of age to deposit money for their future career.
Features & Benefits
- It is operated with pass book only.
- If the customer saves for more than a year the system will calculate incremental interest rate based on the life cycle of the account (account maintained for 8 years, 14 years, and 18 years).
- The Bank will provide attractive account opening gift deposit for accounts opened at early childhood age (from birth to age eight).
- The Bank will provide tangible incentive at key stages in the lifecycle of child’s account which directly benefits the child.
- The parent/guardian can provide money through children’s account for the child’s birthday or any other ceremonials. Then, the bank will prepare a special gift certificate.
- Smart Children’s account opening procedures and formalities of the Bank will be followed.