Open Child Bank Account Online India

Standing instructions facility to debit money from parents account to the youngstars account.

Open child bank account online india.

For instance icici bank has its young stars account state bank of india has pehlakadam and pehliudaan hdfc bank has kids advantage account and union bank of india has its youth banking accounts. Axis bank asap account has almost the same features and facilities like kotak 811 account. The kotak mahindra bank junior account is specifically designed to teach your children the benefits of saving while also providing a host of privileges across dining edutainment and shopping on kids brands. Joint account risks.

Here are a few important things to consider while zeroing in on such an. Free passbook facility for all individual account holders. Open a new bank account online today at dbs digibank. State bank of india has two accounts specially designed for kids called pehlakadam and pehliudaan.

You will also get your axis bank netbanking login id just after opening the account by email. Any resident individual and do not have complete kyc is eligible to open a bsbda small account. You can open your zero balance axis bank asap digital account with a valid pan and aadhaar card and instantly get your account number and virtual debit card number. You can even open minor accounts for children below the age of 10 years.

Manage your child s savings account from anywhere anytime using internet banking imobile app and atms. You can open a minor account on the child s name if he is above 12 years. Junior the savings account for kids. Free payable at par multi city cheque book.

Through phone call smses e mails. In the event of the parent guardian not holding an icici bank savings account both the accounts parent s saving account and the young star s account can be simultaneously opened. Keep that in mind before you set your child loose with a large available balance. Any such phone call smses e mails asking you to reveal credential or one time password through sms could be attempt to withdraw money from your account never share these details to anyone.

Icici bank young stars account is a banking service for children in the age group of 1day 18years it is essential for the parent guardian to also hold an account with icici bank. Axis bank asap comes second in this list. State bank of india never ask for your user id password pin no. I accept that the bank reserves the right to close the other savings account s if any as applicable under the regulatory guidelines if such account s is are not closed by me within 30 days of opening the basic savings bank deposit account.