With HDFC Kids Advantage Account, as a parent take the privilege to teach your child the value of money and save for their futuree as well.
Features
| Advantages | · Kids
1. The bank issues ATM/Debit card for children between 7-18 years of age if permitted by their guardian or parents. 2. The ATM withdrawal limit is Rs 2,500 3. You can spend a maximum of Rs 10,000 on daily shopping. · Parents 1. HDFC bank offers you free education insurance up to Rs 1 lac for your child under this saving account. 2. You can manage you child’s account with free quarterly statements and free e-mail alerts on account transaction. |
| MoneyMaximizer | By signing-up for the facility of HDFC Bank MoneyMaximizer you can choose to invest your savings in a Fixed Deposit, in the name of your child |
| Eligibility | · Individual should be Minor (maximum up to 18 years of age).
· Only HDFC account holders can open the Kids Advantage Account, and if you don’t have an account you can open one. |
| Minimum Balance Requirement | Rs 5000 |
