South Indian Bank Children’s Savings Accounts

South Indian Bank Children’s Savings Accounts

South Indian Bank offers children and youth-centric accounts as well as savings accounts for women and senior citizens in addition to general savings accounts.

Junior Savings Account

This account is primarily meant for students.

Features

• Children above the age of 10 years can open the account
• All they need is an introduction from the principal, head of department (for college) and a photo ID card. Other standard introduction measures also work
• The minimum amount needed to open this account is Rs. 10 though the minimum balance needed is Rs. 150. The bank gives a time of three months to take the balance to this level
• Chequebooks and online banking are made available when the child reaches the age of 18 years and keeps an average balance of Rs. 1,000
• The bank offers a complimentary ATM-debit card to kids having the Junior Savings Account
• Children with this account are eligible to apply for education loans from South Indian Bank

Reference Facts

• South Indian Bank Website: southindianbank.com
• Headquarters: Thrissur, Kerala
• Call Centre Number: 1800 425 1809, 1800 102 9408