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
0
Annual Maintenance Fees
0
Minimum Account Balance
Zero
Debit Card Charges
0
NEFT Charges
0
IMPS Charges
0
Fees and Charges
Junior Saving Account
Special Features
Eligibility Criteria
Benefits
Features, Eligibility and Benefits
Pros & Cons
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
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
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