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Product Details
Bank Name

Kotak Mahindra Bank

Account Name

Account Type

Saving

Interest Rate

The customers get up to and 4.5% p.a. on Junior Account and Guardian’s Savings Account.

Free Debit Card

Yes

Junior Saving Account
Account Opening Fees

0

Annual Maintenance Fees

0

Minimum Account Balance

Zero

Debit Card Charges

0

NEFT Charges

0

IMPS Charges

0

Fees and Charges
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Junior Saving Account

Special Features
The junior account can be converted to zero balance account and non maintenance charges are waived. It is available with Nova Junior account and if the customer has an active Recurring Deposit or Systematic Investment Plan (SIP).
Eligibility Criteria
Child should be below 18 years(Minor) and a resident of india.
Benefits
Features, Eligibility and Benefits
Pros & Cons
Pros
Customers are offered the flexibility to choose the amount and duration of the SIP investment , get personalized Debit Card,Junior Foodie provides offers and discounts on all kinds of delicious treats and rewards, including pizza and cookies, you can get junior Day Out offer in which will get chance to do rare, fun activities, like playing with snow or go karting and Junior Learner offer in which learning can become fun, with discounts on subscriptions to BBC Knowledge, National Geographic, Tinkle and more.
Cons
Low intreast rate
Application Procedure

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Product Review
Account Opening and Procedure
How to open an Account?
Application Procedure
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