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Bank Account for Kids - HDFC Bank offers Kids Advantage Savings Account to accumulate savings for your child's future. Know more about savings accounts for kids.
Apr 16, 2024 · What is the minimum balance for HDFC Bank minor account? The minimum balance required to be maintained in a minor account is Rs. 1000. Accounts falling below this minimum balance amount are charged a penalty as per bank rules.
A under 18 Savings Account requires a certain minimum balance like any regular Savings Account, but it comes with certain options and limitations which allow you, the parent/guardian of the child, to help the child develop an ability to manage their finances.
Minimum Account Balance. Why do you need to maintain a minimum balance in your account? It is important to keep a balance in your account that is above the minimum balance requirement, to avoid getting charged unnecessarily. The charges for not maintaining the minimum balance in your account depend on your account type.
Open a Kids Advantage Account today itself! GST of 18% is applicable on all banking products and services from July 1, 2017 onwards. Apply for Kids Savings Account Online with HDFC Bank and Get Free Education Insurance of one Lac with free monthly e-statements & Online Net Banking.
Super Kids 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 Super Kids account.
Jun 5, 2024 · The minimum balance requirement for HDFC Bank savings accounts differs depending on the area and account type. However, the minimum balance typically varies between Rs. 10,000 and Rs. 2,500. What are the consequences of not maintaining the minimum balance in my HDFC bank savings account?
May 28, 2023 · The minimum balance requirement for maintaining a savings account at HDFC Bank varies based on the account type and the account holder’s location. HDFC Bank’s savings accounts come with features such as a debit card, internet banking, mobile banking, and mobile banking services.
The Kid’s Saving Account also has other features associated with a Regular Savings Account such as passbook facility, email statements, balance inquiry at branches etc. However, a Kid’s Saving Account becomes inoperable once the child turns 18 years of age.
ACCOUNT OPENING RULES" All necessary documentation as mandated by the Regulatory/Bank authorities should be provided for opening the accounts." All accounts should maintain the stipulated average quarterly balance based on the product and branch in which the account is opened.
