City Union Bank Children’s Savings Accounts

City Union Bank offers a dedicated savings account for children called Junior India and another for young adults aged 18-25 years called Young India

City Union Bank Children’s Savings Accounts

Tamil Nadu-headquartered City Union Bank is the oldest private sector bank in the country having been established in 1904. It offers a dedicated savings account for children called Junior India. It also offers an account for young adults between the ages of 18 and 25 years called Young India.

Featured Content

Help your child understand and master complex subjects like Maths, Science, Software Dev, Data Science and more with educators from MIT, Caltech, Cambridge, Carnegie Mellon and other top colleges

Super fun and easy interactive gamified platform. Courses Recommended by experts

FD Recommended: We have seen no better site in gamified teaching of science and math subjects.

Junior India

The account can be opened for children with ages ranging from 1 day to 18 years

Features

  • The account is operated by the parent or guardian
  • Children above the age of 12 years can undertake transactions at the bank or through ATMs on their own
  • Account holders above 12 years also get access to internet banking (CUB Net) and mobile banking (CUB Mobile) facilities
  • School and college fees can be made free of cost under the Junior India account
  • Online transfer to other City Union Bank accounts through NEFT, RTGS or IMPS is free too
  • The standard KYC documents and proofs are needed for both the child and the parent or guardian to open the account

Reference Facts

  • City Union Bank Website: cityunionbank.com
  • Headquarters: Kumbakonam, Tamil Nadu
  • Call Centre Number: 044 7122 5000