Dena Bank Children’s Savings Accounts

Note: Dena bank along with Vijaya Bank has been merged with Bank of Baroda, effective from April 2019, and all details of products and services referred to here are for the original Dena Bank, prior to the merger.

Originally called Devkaran Nanjee Banking Company Ltd., the bank was supposedly the first to offer a saving scheme for minors, among other things. It offers the Dena Minor Savings Scheme for children and its basic standard savings account (from a generic reading of the website).

Dena Minor Savings Scheme

The account can be opened by literate children above the age of 10 years in their own name.


  • The Dena Minor Savings Scheme can be opened jointly or under the child’s own name
  • No chequebook is issued and the kid has to withdraw money using withdrawal slips

Basic Saving Bank Account

From a generic reading of the web page, it seems the savings account is available to all Indian residents, which by its very definition should include minors below the age of 10 years also. There is no mention of a standard savings account in the bank’s website and as a reader, one can presume that this may be the only standard savings account they offer, which in practical sense, seems highly unlikely as this account seems more like the ones opened for non-banked masses under Government directive.


  • This account has no minimum balance requirements
  • Customers get the facility of chequebooks and a debit card
  • The bank allows only four withdrawals every month though there is no limit on the number of deposits
  • If the account is opened under simplified KYC norms, then the accountholder has to show KYC documents or show application for such a document
  • A person having a Basic Saving Bank Account cannot have any other savings bank deposit with the bank

Reference Facts

  • Dena Bank Website:
  • Headquarters: Mumbai, Maharashtra
  • Call Centre Number: 1800 233 6427