Baby deposit is a unique savings deposit scheme for minors (under the age of 18 years), that is managed by guardians. The primary goal of this savings account is to help parents/guardians to accumulate savings for their kids' future. This account also encourages kids' savings habits from an earlier age.
Features
Cheque book facility
Attractive interest rate
Any Branch Banking (ABB)
RTGS/NEFT
Mobile passbook/ Printed passbook
Mobile banking application
Transaction alerts
Documents Required
Indian citizens under the age of 18 years can open a baby deposit account. The following are the documents required.