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Home » Personal Services » NDB Bank Children's Savings
NDB Bank Children's Savings

Above all things you value in life, children are the most precious. From the time they are born, you want to give them the best that life has to offer. Protect them from the unseen adversities of life. Guide them through life's little hurdles. When you begin to build a beautiful future for your child, be sure that there is somebody who supports your effort with equal dedication.

A Bundle of Benefits

  • Attractive rates of interest, above the standard savings rate, calculated on the daily balance and credited to the account monthly.
  • Free life insurance and permanent disability cover of Rs.50000/- for the parent/guardian, When the account balances reaches Rs.20,000/-, doubling to Rs.100,000/-when the balance reaches Rs.50,000/-.
  • Free hospitaisation cover for children over one year of Rs.500/- per day from the third day of hospitalisation, when the account balance reaches Rs.20000/-. This amount doubles to Rs.1000/- per day for treatment in the intensive care.
  • Standing order payments from your account to your child's account, free of charge.

Special Treats

  • A colourful passbook, so you can watch your savings grow.
  • An attractive Minor Savings Gift Scheme. Click Here.

A Secure Future

  • At 18, your child's account will be converted into a regular savings account, and your child will receive a ATM/Debit card and full access to the savings in his/her account.

To open an account, you will need

  • A minimum opening balance of Rs.1,000.
  • A copy of the child's birth certificate

Click here to view Interest Rates