FIRST Prodigy (Minor Self-Operated Savings Account)

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FIRST Prodigy (Minor Self-Operated Savings Account)

Secure your child's future with the IDFC First Prodigy Minor Savings Account—easy, self-operated, and packed with smart banking benefits!

  • cheque availibilty
  • penalty for nonmaintenance
Apply Now Terms & Conditions Apply

Details for FIRST Prodigy (Minor Self-Operated Savings Account)

IDFC First Prodigy is a self-operated savings account for minors, offering financial independence with secure banking, digital access, and exclusive benefits. With easy transactions, parental oversight, and smart savings features, it’s the perfect way to instill financial responsibility in young savers.

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Interest Rate

7.25%

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Withdrawal Limit

10,000/

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Transaction Limit

10,000/-

Minimum Balance Required

  • 10,000/-

Eligibility Criteria for Opening an Account

  • FIRST Prodigy Savings Account is a minor self-operated Savings Account which can be opened by resident Indian minor above 10 years and below 18 years of age.

Additional Benefits

  • Monthly Interest Credit on Savings
  • Auto Sweep facility
  • Self Operated Account for minors above 10 and below 18 years of age
  • Earn interest on interest with IDFC FIRST Bank
  • Monthly interest credits versus the industry norm of quarterly interest credit
  • Daily Total Debit Limit - Rs. 40,000
  • Free Personal Accident Insurance Cover of Rs. 35 lakhs and Air Accident Insurance Cover of Rs. 1 crore
  • Free and unlimited ATM transactions at any bank, anywhere in India
  • Complimentary domestic airport lounge access, once every quarter

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