Children’s or minor’s accounts are for people under the age of eighteen. The goal of these types of savings accounts is to instil in youngsters a feeling of investment and to enable parents to save for their children. The Regular savings account has the same characteristics as the Children and Minor savings account. A Children’s or Minor account does not require a minimum balance.
Children Savings Account offered by different Banks
The following is a list of banks that provide savings accounts to minors and youngsters.
| Name of Bank | Name of Savings Account |
| Axis Bank | Future Stars Savings Account |
| Andhra Bank | AB Kiddy Bank AB Little Stars AB Teens |
| Canara Bank | Canara Junior Saving Account |
| ICICI Bank | Young Stars Savings Account Smart Star Savings Account |
| IDFC Bank | Minor Saving Account |
| IDBI Bank | Power Kidz Account |
| HDFC Bank | Kids Advantage Account |
| Kotak Bank | Junior- Savings Account for Kds |
| PNB Bank | PNB Junior SF Account PNB Vidyarthi SF Account |
| SBI | Pehla Kadam and Pehli Udaan |
| South Indian Bank | Junior Savings |
| UCO Bank | UCO Smart Kids Savings Bank Scheme |