Minor Savings Account

Minor Savings Account

For the apple of your eye

Teach your children the basics of banking and make sure to give them a comfortable and secure future. Start investing and saving early for your children and empower your children financially.


Enjoy the flexibility to use the savings without worrying about maintaining a minimum balance. We believe that a financially literate young generation goes on to achieve financial empowerment. We applaud your choice to encourage your children to start saving early!

Our Minor Savings Account is the perfect start to their banking journey. This account can be opened for children in the age group of 1 day to 18 years on the availability of necessary documents. You can start an account for your child, which is held jointly by you. With access to savings through a Debit Card (on request for children above 10 years only), you can guide your child’s transactions until the age of 18.



No average monthly balance criteria

No charges on non-maintenance of minimum balance

An account can be opened jointly with the guardian only

Operated by the parent/guardian until the minor becomes a major

Can be converted into a regular savings account when your child turns into a major (18 Years)

Provision of Debit card for minors above 10 years (upon request)



Transaction Facilities

  • Free SMS alert facility to your registered mobile number
  • Free quarterly statement on your registered email ID
  • NEFT, RTGS and IMPS available, standard charges apply

Channel Access

  • 5 free transactions per month at any other bank’s ATM

    5 free transactions per month at any other bank’s ATM

  • Speak directly

    Speak to our 24*7 phone banking services in your preferred language at 1800 208 2121

Rate Of Interest

Rate of Interest

For Rate of Interest, please click here.


Interest is calculated daily (on the end-of-the-day) balances


Interest is credited to your account at the end of every quarter

Maximize your savings! Earn up to 8.75% p.a. on our Fixed Deposits!

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