Kids Advantage Account

Teach your child the value of money! A great way to accumulate savings for their future while teaching them to manage money.

Apply now for an HDFC Bank Kids Advantage Account.

Banking advantages

Kids

  • ATM/International Debit Card issued to children between 7-18 years of age, in the child’s name, with your permission.
    • ATM withdrawal limit: Rs. 2,500
    • Daily shopping limit: Rs. 10,000
 

Parents

  • Free Education Insurance cover of Rs. 1,00,000*
  • Monitor your child’s account with free quarterly statements and free Email alerts on account transactions

Know MoreApply Online

 

* Conditions Apply

Investment advantages

Build an investment pool by transferring Rs 1000 every month for a minimum of 1 year (mandatory) to the Kid’s Advantage Account. You also have the option to invest in:

Fixed Deposit

Choose to invest your savings in a Fixed Deposit, in your child's name, if you sign up for our "MoneyMaximizer" (sweep-out) facility.

Average Monthly Balance Calculator

Click here to calculate the Average Monthly Balance (AMB) required to be maintained in your account.

Know More

Contact Us

Apply online
Contact Number
Ahmedabad
6160 6161

What are the features and benefits of a Kid’s Advantage account?

Features

You will get some exclusive features and benefits with your HDFC Bank Kids Advantage Account

  • 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 the child
  • ATM/International Debit Card will be issued for children between 7-18 years of age in your child's name with your permission. Your child can withdraw Rs. 2,500 at ATMs and spend Rs. 10,000 at merchant locations per day.
  • Free cash withdrawals on any other Bank's ATM*
  • 1 free PAP cheque book for your child at the time of account opening.
  • Free e-mail statements / passbook facility for all account holders (individuals)
  • Free NetBanking for you to monitor your child's account.
  • Bank conveniently with facilities like NetBanking, Phonebanking and MobileBanking – check your account balance, pay utility bills or stop cheque payments all via SMS.

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 to a Fixed Deposit for 1 year and 1 day, in your child's name, if you sign for our "MoneyMaximizer" (sweep-out) facility.
    What's more, all the above facilities come absolutely FREE.

*Conditions Apply

What are the eligibility criteria to open a Kid’s Advantage account?

Get details on eligibility criteria & documents required for HDFC Bank Kids Advantage Account

Kid’s Advantage Account can be opened for your child as long as your child is a minor (up to 18 years of age) and you have a Savings Account with HDFC Bank.

If you do not have a savings account with HDFC Bank then you will need to open one, before you open a Kid’s Advantage account. Click here to open an HDFC Bank Savings Account.

How do I open a Kid’s Advantage account?

To open a Kid’s Advantage account you have to follow certain criteria:

  • Maintain a minimum Average Monthly Balance requirement of Rs. 5,000/-
  • The penalty for non-maintenance of an Average Monthly Balance is Rs. 100/- per month

What are the fees and charges of Kids Advantage Account ?

Click here to view charges applicable effective 1st December 2014

Enclosed below are HDFC Bank Kids Advantage Account fees and charges

There are certain fees and charges to a Kid’s Advantage account depending on your requirement:

Description of ChargesKid's Advantage Account
Minimum Balance (Average Monthly Balance) Rs. 5,000/- in Kid's Advantage savings account
Charges applicable on non-maintenance If AMB* of Rs 5,000 is not maintained - Rs 100/- per month would be levied.

*As per RBI circular inoperative accounts would not be charged for non-maintenance of minimum balances. Inoperative accounts are those where there has been no txn in last 2 years.
Cheque Book First PAP chequebook free of charge at the time of account opening. Subsequent cheque books will be charged at Rs. 2 per leaf
Issue of duplicate / adhoc statements Branch - Rs 100/-
PhoneBanking ( Non IVR) - Rs.75/-
NetBanking, Mobile Banking, PhoneBanking - IVR & ATM - Rs 50/-
For Senior Citizen

Branch - Rs 50/- per statement
• PhoneBanking ( Non IVR) - Rs.50/- per statement
• NetBanking , MobileBanking, PhoneBanking – IVR & ATM - Rs 30/- per statement
( w.e.f 1st July'13 )
Hold Statement Rs. 400 per year
Passbook issuance* Free
Duplicate passbook issuance* Rs 100/-
Managers Cheques/Demand Drafts- Issuance/Re-issuance - On HDFC Bank Locations
DD request through Branch
Upto Rs. 10000 Rs.50
Rs. 40 (Senior Citizens / Individuals in Rural areas)
Rs. 30 through Phonebanking
Above Rs.10,000 & upto Rs. 50,000 Rs. 75** (Rs. 30 through Phonebanking)
Rs. 60 (Senior Citizens / Individuals in Rural areas)

**Only DD amount upto Rs 100,000 for Preferred/Imperia & Rs 50,000 for other customers accepted at Phonebanking
Above Rs. 50,000 & upto Rs. 1 Lakh Rs. 2.50 per 1000 or part thereof (Min Rs. 150)
Above Rs. 1 Lakh Rs. 2 per 1000 or part thereof (Max Rs 10,000/-)
DD request through Netbanking
Upto Rs. 1 Lakh Rs .30+(Correspondent Bank charges if applicable)
Third party DD* upto Rs. 1 Lakhs Rs .30+(Correspondent Bank charges if applicable)
Effective 1st December'14: DD's booked through Net banking will be charged at Rs. 50/- + (Corr. Banks charges as applicable)
(*Third Party Registration required.Customers registered for Third Party Transfers have a maximum limit of 10 lacs per cust id and hence can issue multiple DDs of 1 lacs upto 10 lacs and send it to the beneficiary address)
Managers Cheque/Demand Drafts - Cancellation / Revalidation Rs. 50
Rs. 40 (senior citizens/individuals in rural areas)
( Nil charges for Managers cheque/demand drafts - Cancellation/revalidation up to Rs.100/-)
( w.e.f 1st July'13 )
Demand Drafts- Issued - On Non HDFC Bank Locations
Rs. 50 plus charges as outlined below:
Upto Rs. 500 Rs. 10
Above Rs. 500 to Rs. 1000 Rs. 15
Above Rs. 1000 to Rs. 5000 Rs. 25
Above Rs. 5000 to Rs. 10,000 Rs. 30
Above Rs. 10,000 to Rs. 1 Lakh Rs. 3 per 1000 or part thereof
Above Rs. 1 Lakh Rs. 6 per 1000 or part thereof (Min Rs 300 - to Max Rs 10,000/-)
Cheque Collection - Local Clearing Zone Free
Collection of outstation cheques - our bank locations
Charges for cheques drawn on Branch locations Kid's Advantage Account
Upto Rs 5,000 Rs. 25/-,
(Rs. 20/- for Rural branches / Senior Citizens Account)
Rs. 5,001/- to Rs. 10,000/- Rs. 50/-,
(Rs. 40/- for Rural branches / Senior Citizens Account)
Rs. 10,001/- to Rs. 1,00,000/- Rs. 100/-
Rs. 1,00,001/- and above Rs. 150/-
Cheques drawn on Speed Clearing Branches - at non CTS locations Kid's Advantage Account
Upto Rs. 1,00,000 No charges
Rs. 1,00,001/- and above Rs. 140 /- per instrument
Cheques drawn on Speed Clearing Branches - at CTS locations No Charge
Effective 1st December'14 "Charges on FD receipts / Govt challans/Treasury bills-challans / Refund orders/Vouchers/Instruments (not in cheque form) deposited for collection would be levied as per correspondent bank charges
Collection of outstation cheques - other locations
Charges for cheques drawn on Non-Branch locations Kid's Advantage Account
Upto Rs 5,000 Rs. 25/-,
(Rs. 20/- for Rural branches / Senior Citizens Account)
Rs. 5,001/- to Rs. 10,000/- Rs. 50/-,
(Rs. 40/- for Rural branches / Senior Citizens Account)
Rs. 10,001/- to Rs. 1,00,000/- Rs. 100/-
Rs. 1,00,001/- and above Rs. 150/-
Cheques drawn on Speed Clearing Branches - at non CTS locations Kid's Advantage Account
Upto Rs. 1,00,000 No charges
Rs. 1,00,001/- and above Rs. 140 /- per instrument
Cheques drawn on Speed Clearing Branches - at CTS locations No Charge
Effective 1st December'14 "Charges on FD receipts / Govt challans/Treasury bills-challans / Refund orders/Vouchers/Instruments (not in cheque form) deposited for collection would be levied as per correspondent bank charges
Cheque return charges drawn on us - Local
Due to Insufficient funds -
First cheque return in a quarter - Rs 350/-
From second cheque return in the same quarter – Rs 750/- per return
Charges due to Funds transfer cheque return - Rs. 350/-
Due to technical reasons ( eg. - Date not mentioned, post dated, sign mismatch, etc ) - No charge
Cheques deposited - outward Rs. 50
Balance Enquiry - at Branch Free
Balance Certificate Current year - Free, Previous year - Rs. 50
Interest Certificate Rs. 50
TDS Certificate Free
Account Closure

Upto 14 days - Nil
15 days upto 12 months - Rs 500/- ( Rs 300/- for Senior Citizens)
Beyond 12 months - Nil
( w.e.f 1st July'13 )

Photo Attestation Rs 100/- per instance ( Nil for Senior Citizens )
( w.e.f 1st July'13 )
Address Confirmation Rs 50/- per instance
Stop Payment Charges Particular Cheque - Rs. 50 (Free through Phonebanking and NetBanking), Range of Cheques - Rs. 100 (Free through Phonebanking and Net banking)
Standing Instructions Rs. 25 per transcation plus remittance charge
( w.e.f 1st July'13 )
Unarranged overdraft NA
Old records/copy of paid cheques Upto 1 year - Rs. 50 per record, Above 1 year - Rs. 100 per record
Activation of dormant account No charges
Branch transactions (Includes only Cheque deposit/Cheque issuance/Funds Transfer Debit/NEFT/RTGS)
- In case the AMB in the previous month account is equal to or above Rs 50000/- No charges would be levied
- In case the AMB is below Rs 50,000/- 15 txn free/month would be permitted and charge of Rs 75/txn would be levied 16th transaction onwards. ( w.e.f 1st July'13 )

Cash transactions (Cash deposits & withdrawals) by self at home & Non-home branches

Value Cap will be applicable along with Number Cap on Cash Txns on Non Home branch
Number Cap 5 free cash transactions per month would be permitted and Rs 100/- per txn would be levied 6th transaction onwards (plus taxes)
Cash transactions (Cash deposits & withdrawals) by self at home & Non-home branches
Value Cap Home Branch - No limit
Non Home branch:
- Cash transaction value upto Rs. 49,999/ per day - No charge
- Above Rs. 49,999/- Rs 5/- per 1,000/- on the full amount (plus taxes)
Cash handling for cash deposit at home branch For non-managed customers

- Cash deposit value upto Rs 1 lakh/day - No charge
- Above Rs 1 lakh - Rs 25/- per Rs 50,000 or part thereof.

Charge will be levied for the full amount.
Third Party Transactions at Home & Non - Home branch
Value Cap Upto a limit of Rs.49,999 per day - Rs.100 (plus taxes). Rs.50,000 & Above - Not allowed
(w.e.f 1st September'13)
For Senior Citizen customers, Kids / Minor accounts, while the current limits will be applicable, the accounts will not be charged
Local Cheque deposited for outstation accounts No Charge
Phonebanking - IVR Free
Phonebanking - Non IVR
Free
Rs. 50 per call on non maintenance of Min balance for transactions that are available on IVR but are done through the PhoneBanking executive
ATM Card Free
ATM Card - Replacement charges Rs. 100 (plus taxes)
Kid's Advantage Debit Card (Maestro) - Annual Fee Free
Kid's Advantage Debit Card (Maestro) - Renewal Fee Free
Debit Card - Replacement charges Replacement of a damaged card - No charges & Replacement of a lost card - Rs. 100 (plus taxes) (for all card types)
Debit Card - Transaction Charge - HDFC Bank ATMs Free
Debit Card - Transaction Charge - Non HDFC Bank International ATMs Rs. 15 per balance enquiry & Rs. 110 per cash withdrawal (plus taxes)

The Bank will charge cross-currency mark-up of 3.5% on foreign currency transactions carried out on Debit Cards. The exchange rate used will be the VISA/Master Card wholesale exchange rate prevailing at the time of transaction
PIN regeneration charge Rs. 50 (plus taxes)
Decline charge for insufficient balance Transactions declined at other Bank ATMs anywhere in the world or at a Merchant outlet outside India due to insufficient funds will be charged at Rs. 25 per transaction (plus taxes)
BillPay This service is free w.e.f 1st August'2011
InstaPay Rs. 10 (plus taxes) per transaction
InstaAlert Rs.15 per quarter, effective 1st April 2013 (excl of tax)
Customers who have selected only"Email" as the delivery channel for receiving InstaAlerts will not be charged
Visa Money Transfer Rs. 5 (plus taxes) per transaction
NEFT Charges - Inward NIL
NEFT Charges- outward
  • Amounts up to Rs. 10,000 - Rs.2.5 (exclusive of taxes) per transaction
  • Amounts from Rs.10,001 to Rs.1 lakh - Rs. 5 (exclusive of taxes) per transaction
  • Amounts above Rs. 1 lakh up to Rs. 2 lakh - Rs. 15 (exclusive of taxes) per transaction
  • Amounts above Rs.2 lakh – Rs.25 (exclusive of taxes) per transaction
NEFT Charges for Indo Nepal transactions Customers having NSBL*A/c - Rs 20/-
Customers having Non-NSBL* A/c:
Upto Rs 5,000 - Rs 70/-
Above Rs 5,000 - Rs 95/-
* Nepal State Bank Ltd
RTGS - Outward
  • Above Rs. 2 Lakhs to 5 Lakhs - Rs. 25 (inclusive of taxes) per transaction
  • Above Rs 5 Lakhs - Rs. 50 (inclusive of taxes) per transaction
RTGS - Inward NIL
IMPS (Immediate Payment Service) – Outward
Charges effective 10th May-14
  • Amount up to Rs. 10,000 - Rs.3.5 (exclusive of taxes) per transaction
  • Amount above Rs.10,000 to Rs.1 lakh - Rs. 5 (exclusive of taxes) per transaction
  • Amount above Rs. 1 lakh up to Rs. 2 lakhs - Rs. 15 (exclusive of taxes) per transaction
IMPS (Immediate Payment Service) - Inward NIL
Mobilebanking Free
Netbanking Free
ECS (Debit) Return Charges - Rs 350/- would be levied on first instance of ECS return in a quarter.
- Rs 750/- would be levied, second instance onwards in the same quarter.
Passbook facility available at home branch for account holders (individuals) Free
Any Deliverable returned by courier due to negative reasons (no such consignee/ consignee shifted and no such address) Rs 50/- per instance
TIN/IPIN Regeneration (requests received at the branch for physical dispatch) Rs 50/- per instance
Standing Instruction rejects Rs 200/- per instance
ATM / Debit Card - Transaction charge - non HDFC Bank ATMs Free for first 5 transactions in a month From 6th transaction onwards - Cash withdrawal - Rs. 20/transaction (inclusive of taxes) Non-Financial Transaction - Rs. 8.5/transaction (exclusive of taxes) per transaction

Click here to view charges applicable effective 1st September 2013

*at home branch for account holders (individuals)

Note : Service/Transaction charges will be applied in the current month based on the AMB maintianed in the account in the previous month
Service/Transaction charges based on non - maintainence of AMB (as specified above) do not apply to Preferred , Corporate Salary & SuperSaver customers
The PhoneBanking charges will apply on transaction that are available on the IVR but are done through the PhoneBanking Executive
Effective 1st April 2012, all fees and charges, mentioned in the Tariff of charges, will attract Service Tax @12% and Education Cess @3% of the Service Tax amount.

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