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HDFC Kids Savings Account

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    HDFC Bank also offers Savings Account for Minors via its HDFC Bank Kids Advantage Account. This account can help your children develop a habit of money management.

Free Education Insurance cover of Rs.1,00,000/- in the event of death of the parent/ guardian through vehicular accident by road, rail or air to safeguard the future of the child

Standing Instruction to transfer any amount from your account to your Kid's Advantage account every month (Minimum value Rs. 1,000 & Minimum tenure 1 year) (Mandatory)

"MoneyMaximizer" (sweep-out) facility: Once the balance in the Kid's Advantage Account reaches/exceeds Rs. 35,000, the amount in excess of Rs. 25,000 will automatically be transferred to a Fixed Deposit for 1 year and 1 day, in child's name

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