Kotak Mahindra Bank| Junior Saving Accountaccount Interest Rates, Minimum Balance, Features

Product Details

Bank Name

Kotak Mahindra Bank

Account Name

Junior Saving Account

Account Type

Saving

Interest Rate

For balance upto INR 50 Lakhs: 2.75%. For balance between INR 50 Lakh and INR 300 Crore: 3.25%

Free Debit Card

Yes

Account Opening Fees

Debit Card Charges

Annual Maintenance Fees

NEFT Charges

Minimum Account Balance

Zero

IMPS Charges

Fees and Charges of

Junior Saving Account

Special Features

Eligibility Criteria

Benefits

Features, Eligibility and Benefits of

Junior Saving Account

Pros & Cons of

Pros

• 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.
• Junior Learner offer in which learning can become fun, with discounts on subscriptions to BBC Knowledge, National Geographic, Tinkle and more.

Cons

Junior Saving Account

Kotak Junior Saving Account

The account offers quite low interest rate. However, the account comes loaded with a number of value add features.

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

Review of

Junior Saving Account

Account Opening and Procedure of

How to open an Account?

Application Procedure

Junior Saving Account