Jumbo Savings for Kids
It is never too early to start the Savings Habit. That’s why KVB offers the KVB Jumbo Kids SB Account. It provides an ideal start for your children not only to understand the value of money but also ways to handle it responsibly.
- For children up to the age of 12 years.
- Account opened in the name of the child with the natural guardian as the authorized signatory.
- No minimum balance requirement.
- Free Visa backed ATM Card.
- Free attractive Jumbo Doll.
To check Interest rate: Click here
|Who can open||Children up to the age of 12 years. Account will be opened in the name of the minor with the natural guardian as Authorized Signatory.|
|Minimum Balance||No Stipulation|
|Interest Payable||As applicable to Savings Bank account on daily balance method.|
|Cash Remittance||Free cash remittance of Rs. 50,000/- per day at base branches as well as non-base branches.|
|Charges for cash remittance||Exceeding the ceiling will not be permitted and hence not applicable.|
|Withdrawals||Permitted only through ATM.|
|ATM Card||Issue of VISA Debit card. No charge on the issue as well as no AMC.|
|Internet and Mobile Banking||Not permitted|
|Cheque Book||Not permitted. Withdrawal only through ATMs.|
|Doll||Free on opening account|