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|