Product Details
Bank Name
AU Small Finance Bank
Account Name
AU Kids Account
Account Type
Saving
Interest Rate
Upto 1 Lakh - 3.5% Above 1 Lakh And Upto 10 Lakh 5.% Above 10 Lakh And Upto 25 Lakh 6% Above 25 Lakh And Upto 1 Crore 7%
Free Debit Card
No
Account Opening Fees
0
Annual Maintenance Fees
0
Minimum Account Balance
0
Debit Card Charges
150
NEFT Charges
Free if done online
IMPS Charges
Free if done online
Fees and Charges
AU Kids Account
Special Features
You can deposit money in your child's account without filing deposit slip.
Eligibility Criteria
If child is a resident of India, is under 18 years of age, and has the necessary government-issued KYC document
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
There is no account balance, non-maintenance charge on the child’s account.
All your banking transactions & other services with the help of Video Banking facilities.
You can deposit money in your child's account without filing deposit slip.
Decent interest rate.
Cons
AU Kids Account Review
The account offers decent interes rate. The account comes with a number of features tailored for kids and parents of kids. Overall it is a decent account for kids.
Abhijeet Saxena
Abhijeet Saxena
Nalsar University of Law
Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi
Ex - Khaitan & Co. Bengaluru,
Ex - National Stock Exchange, Mumbai,
Ex - Argus Partners, Mumbai