| Zenith Children's Account |
| Features: |
Savings account for children 0-18 years |
Competitive interest rate |
The number of withdrawals allowed is four times in a year. |
Account can be opened at birth |
Withdrawals can be made using customized slips |
Child takes over when ready after 18 years and may operate as current or Savings account |
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| Benefits |
Encourages parents to save for their children |
Inculcates a savings habit in children at an early age. |
Helps parent plan for children’s education |
Use of account balance as collateral for credit from bank. |
Larger deposits earn more interest |
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| Mode Of Operation |
Basically a savings account that will be operated through passbook on behalf of the child |
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| Requirements |
Means of Identification ( Passport or Drivers License of parent/guardian who will operate the account on behalf of the beneficiary) |
Two passport photographs of parent/guardian and that of children |
Mandate cards completed by parent/guardian |
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