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Kumar Bachat


KUMAR SAVINGS ACCOUNT
Purpose

To cultivate the habit of saving and learn banking at a young age.

Interest is paid on the balance maintained at the rate specified by the Bank from time to time

Product Features

Features:

  • Any branch banking facility at all the branches
  • Passbook

Eligibility:

A Minor who has completed the age of 8 years upto 18 years can open an account and operate it independently

Minimum Balance : Rs.100/-

(Account is restricted to cash transactions only) 

 

Rate of Interest 2.65%
Documents required
  • Duly filled Account opening form
  • K.Y.C form to be filled and signed by Parent / Guardian
  • 2 nos Photographs (Passport Size)
  • Copy of School Identity card / Letter from school
  • PAN Card of Parent / Guardian
  • Residential Proof any one of the following
    • Ration card
    • Electricity Bill
    • Passport (Bring Originals for verification)