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Gen-Next Junior (Saving Account)

Product Nature

  • This is a Special kind of Savings Bank Deposit product for children to be made available in Gen-Next Pune branch.

Target Group

  • Children upto 18 years of age.

Minimum Amount & Balance

  • QAB: Rs 500/-

  • Charges for non-maintenance of QAB is Rs 50/ per quarter only.

Maximum Amount

  • In case of joint accounts with parent and minors (with sole account) above 14 years, there is no ceiling on the maximum amount.

  • An account in the sole name of minor above 10 years and below 14 years, maximum limit is Rs 1 lakh.

Single / Joint Accounts

  • In case of minor below 10 years the account shall be opened jointly with parents / guardian.

  • Minors above 10 years (below 18 years) can open the account in their sole name subject to :
    Minor is able to read and write any of the recognized languages, and

  • Capable in the opinion of the Bank officials of understanding the what he / she is doing and SB account rules and regulations.

For detailed information on the benefits you can avail of, and terms and conditions to follow for the same, CLICK HERE.

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