| For their Growing
Needs |
 |
Free Education Insurance
cover of Rs. 1,00,000/- in the event of death of the parent / guardian
through vehicular accident by road, rail or air to safeguard the future
of your child. |
|
ATM/International Debit Card will be
issued for children between 7-18 years of age in the child's name with
your permission. The amount your child is able to withdraw is Rs. 1,500/-
at ATMs or spend Rs. 1,000/- at merchant locations. |
|
Free cash withdrawals on any other Bank's ATM*
|
|
Free Personalised cheque book for your
child. |
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Monitor the transactions of your child's
account with the free quarterly physical statement of account or free
monthly Email Statement of account. |
|
Free NetBanking for you to monitor your
child's account. |
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Free SMS/Email alerts informing you
about the account transactions. |
For their Secured Future |
|
Standing Instruction to transfer any
amount from your account to your Kid's Advantage Account every month
(Minimum value = Rs. 1,000/- & Minimum tenure = 1 year) (Mandatory). |
|
Once the balance in the Kid's Advantage
Account reaches/exceeds Rs. 35,000/-, the amount in excess of Rs. 25,000/-
will automatically be transferred into a Fixed Deposit for 1 year 1
day, in your child's name, by signing in for our sweep-out facility. |
|
You can also opt for systematic investments
in mutual funds from the Kid's Advantage Account in your child's name. |
What's more, all the above facilities come absolutely FREE.
*Conditions Apply
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