Attractive interest rates.
Rewards / vouchers at the time of opening the account and as the balance grows ( the option is available to get a cash deposit to the account for the equivalent value)
Automatic conversion of the Kidz Saver to a Savings Account soon after the child reaches 18 years.
Kidz Saver can be opened for all minors below 18 years
The accounts should be opened for children on or before they reach 13 years to be eligible for the gift scheme
Initial deposit Rs.1000/- to start the account.
Documents Needed
A duly completed application form.
Birth Certificate / Passport of the child.
National Identity Card /Passport /Driving License or acceptable ID of parent / guardian / benefactor.
Copy of a recent utility bill/bank statement to establish residence address.
Parents, guardians and / or benefactors can open an account on behalf of children.