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Smartkid Account

Overview :

Secure your child's future by investing /opening account with us.

Savings Accounts can be opened in the names of children with a view to inculcating the habit of thrift in them at an early age. Such accounts in the names of minors can be operated by their Natural Guardian, Mother, or Father. On the child attaining the age of majority the account can be converted to a regular savings account by providing the necessary KYC documents.

Highlights :

1) Withdrawal Limit : Withdrawals are limited to 50 in a year

2) Interest Rate : Interest is provided @ 3 %, calculated on the balances in their account on a daily basis, and is credited to the account twice a year, in March and in September.

Documents Required :

1) Latest Passport size photographs (2) and copy of PAN card.

2) Officially Valid Documents for :
a) Address Proof – Passport / Aadhaar Card / Voter ID / Job card issued by NREGA / Letter issued by National Population Register (Any One of the above)
b) Identity Proof - Passport / Driving License / Aadhaar Card / Voter ID Card (Any one of the above)