Smart Kid Account
Teaching kids the value of saving
Account Overview
Smart Kid Account is specially designed for children to learn the importance of saving money from an early age. This account helps parents teach their children financial discipline while offering attractive benefits and rewards.
Key Highlights
Special Rewards
Birthday gifts, educational rewards, and surprise bonuses for regular savings
Higher Interest Rate
Attractive interest rate of 4% per annum to encourage saving habits
Digital Learning
Kid-friendly mobile app to track savings and learn about money
Account Benefits
No minimum balance requirement
Birthday and festival gifts
Educational scholarships opportunities
Parent-controlled spending limits
Financial literacy workshops
Eligibility Criteria
Age Requirements
- Child age: 0 to 18 years
- Guardian must be 18+ years
- Single or joint guardianship allowed
- Account converts to regular savings at 18
Guardian Requirements
- Parent or legal guardian
- Valid identity and address proof
- Existing account holder preferred
- Income proof not mandatory
Documents Required
Child's Documents
- Birth Certificate
- School ID Card
- Aadhaar Card (if available)
- Passport size photographs
Guardian's Documents
- Identity proof (Aadhaar/PAN)
- Address proof
- Relationship proof with child
- Guardian photographs
Additional Requirements
- Account opening form
- Initial deposit ₹500
- Guardian consent form
- Nomination form
