Kids Savings Account Online

Minimum Balance Required

• AMB for Metro / Urban / Semi Urban / Rural -5,000/-

Eligibility Criteria for Opening an 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.

Additional Benefits

• 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
• 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.
• My Passion Fund: A deposit experience giving a child the flexibility to deposit money whenever it is available and make his/ her dreams a reality with small timely savings starting from Rs.1,000
• Systematic Investment Plan: Invest small amounts on a weekly or monthly basis in Mutual funds from a young age through our Investment Services account which is linked to the Kids Savings Account
• Free MoneyMaximizer facility
• ATM/International Debit Card will be issued 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
• Free cash withdrawal and balance enquiries at all HDFC Bank ATMs and non-HDFC Bank domestic ATMs
• Free Payable-at-Par cheque book at the time of Bank Account opening
• Free passbook facility for all individual account holders
• Free e-mail statements
• Easy banking with facilities like NetBanking, PhoneBanking and MobileBanking that allow you to check your account balance, pay utility bills, or even stop cheque payments via SMS
• FREE Education Insurance cover of Rs.1,00,000/- incase of of death of the parent or guardian in a road, rail or air accident.
• Set up regular transfers to your kids account using Standing Instructions.
• FREE monthly electronic statements
• InstaAlert: Instant transaction alerts through SMS and email
• Exciting Offers on Forex & GiftPlus Card