ANDHRA BANK Kiddy Bank Account
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ANDHRA BANK Kiddy Bank Account
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- Account Type
- Saving Account
- Minimum balance
- Rs.100/-
- Daily withdrawal limit
- N.A.
- Free debit card
- Free
- Funds transfer facilities
- Free
- Auto sweep FD facility
- N.A.
Features and Benefits of ANDHRA BANK Kiddy Bank Account
Salient Features of Kiddy Bank Account
| Name of the Account | AB Kiddy Bank | ||||||||
| Who can open |
Children upto the age of 18 years (only minors) Minors who have completed 10 years i.e., children in the age group of 10-18 years can open these accounts in their names to be operated by themselves on production of proof of date of birth For minors who are below 10 years, the natural guardian should open and operate the account. |
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| Doll |
At the time of opening the account, an attractive doll will be given free of cost to each account holder for pul1ing their savings in the doll. Doll contains a secret lock which can be opened only at the branch where the account is held. |
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| Minimum balance | Rs.100/- | ||||||||
| Options available |
1) Accident Insurance Coverage - Accident Insurance coverage for the child and the parent with M/s.United India Insurance Co. Ltd., RS.55/- premium for a cover of Rs.1.00 lakh 2) Life Insurance Coverage - Life Insurance coverage to the parent in the age group of 18-55 years. The sum assured is Rs.1.00 lakh in case of natural death or for accidental death and the premium payable is as below.
Service Charges @ Rs.20/- plus Service Tax @12.36% shall be collected separately. |
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| Interest Payable | Interest on the amounts are payable as per the rates applicable to Savings Bank account which is at 3.50% p.a. | ||||||||
| Deposits to the account | Can be made from any branch of Andhra Bank |
Documents Required for ANDHRA BANK Kiddy Bank Account
Identity proof :
* Passport
* PAN card
* Voter ID card
* Driving licence
* Government ID card
* Photo ration card
* Senior citizen ID card
Address proof :
* Passport
* Telephone bill
* Electricity bill
* Bank Statement with Cheque
* Certificate/ ID card issued by Post office
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