June 21, 2024

Minor Account for Children

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 BankName of Savings Account
Axis BankFuture Stars Savings Account
Andhra BankAB Kiddy Bank AB Little Stars AB Teens
Canara BankCanara Junior Saving Account
ICICI BankYoung Stars Savings Account Smart Star Savings Account
IDFC BankMinor Saving Account
IDBI BankPower Kidz Account
HDFC BankKids Advantage Account
Kotak BankJunior- Savings Account for Kds
PNB BankPNB Junior SF Account PNB Vidyarthi SF Account
SBIPehla Kadam and Pehli Udaan
South Indian BankJunior Savings
UCO BankUCO Smart Kids Savings Bank Scheme