Product Features/Benefits :
- Minimum Account Balance: Zero
- Interest Payment Frequency: Quarterly
- This is a personal saving account for minors.
- The account will be automatically converted to the Normal Saving Account once account holder turns major legally.
- Free subscription of Internet Banking.*
*Charges are free for the first year only. Charges as per Standard Tariff of Charges shall be levied from second year onwards.
Documents Required :
- Duly filled Personal Account Opening Form
- Birth Certificate of Account Holder
- Legal Identification documents such as Citizenship Certificate /Valid Passport of the Parents/Guardians (Signatory)
- Two recent Passport (PP) size photographs of the account holder/ Parents/Guardians
- Identification documents of Nominee along with PP size photograph of the Nominee
- Duly filled KYC form of Parents/Guardians (Signatory)
- Any other documents specified by NRB from time to time