Minor Savings Account (Under Guardian)

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Minor Savings Account (Under Guardian)

Secure your child’s future with the IDFC Minor Savings Account. A guardian-managed account with great benefits and easy banking.

  • cheque availibilty
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Details for Minor Savings Account (Under Guardian)

The IDFC Minor Savings Account (Under Guardian) helps parents manage savings for their child's future. With seamless digital access, attractive interest rates, and a secure banking experience, it ensures financial growth and smart money management under the guardian’s supervision.

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Interest Rate

7.25%

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Withdrawal Limit

Not available

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Transaction Limit

Not available

Eligibility Criteria for Opening an Account

  • You can open a children savings account for children below the age of 18 years.

Additional Benefits

  • Free and unlimited ATM transactions at any bank, anywhere in India
  • Complimentary domestic airport lounge access, once every quarter
  • Free Personal Accident Insurance Cover of Rs. 35 lakhs and Air Accident Insurance Cover of Rs. 1 crore
  • Available with the ₹25k variant
  • Unlimited Free Fund Transfers – Make hassle-free transfers with your IDFC FIRST Bank Minor Savings Account.
  • Free Visa Debit Card – When you open a savings account for your child, you also geta free Visa Debit Card which is valid for life.

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