Junior Savings Account

Teach your children how to save money from a young age. The more they save, the more interest they will earn!

What you need to know
Open an account without a minimum balance

Interest is earned on balance as from Rs1

Benefit from high return on the account

Earn end-of-year bonus interest (paid in December)

No monthly fee

Easily access and manage your child’s account through our internet and mobile banking services

Exclusive offers at selected partners

Education Plan on offer

Eligible for preferential pricing on credit facilities up to three times of the Junior Savings Account balance (for the parent when the child turns 18)*

Upon the minor reaching the age of 18, the parent or legal guardian of the minor account holder may be entitled to a preferential interest rate on new credit facilities applied by the said parent or legal guardian in their name. The preferential interest rate will be based only on the portion of the total amount not exceeding three times the balance held on the Junior Savings Account as at a day before the minor’s 18th birthday. The parent/legal guardian should also meet the Bank’s credit requirements to be eligible. This offer is limited to only ONE parent/legal guardian and for a period of one year as at the minor’s 18th birthday.. The Bank may, at its discretion, revoke this offer at any time.
What's required to qualify
To qualify, the child:

Needs to be under the age of 18

Stay updated by checking the latest applicable interest rates available by calling our our 24/7 Service Centre or visit one of our branches
What to bring to the branch
Visit your nearest branch with the following documents:

Proof of identity

Birth certificate of child

Parent or legal guardian’s national identity card, or passport

Proof of address

Parent or legal guardian's proof of address not older than 3 months (e.g. utility bill)

Birth certificate or marriage certificate if relationship needs to be established

All documents are required in their original form. The list of required documents mentioned above is indicative only. The bank may at any time request additional documents or information to process your application(s).