Home > Young Savers Account
Overview
To revamp the existing minor account and to attract more young savers of the kingdom, we revamp product of minor account as young savers account.
Eligibility
- Young savers account are opened on behalf of minors under the guardianship of natural/court appointed guardians.
- Parents may also open a joint account with their minor child/children.
Difference
Existing | Revamped |
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Name of the Product – Minor Account | Name of the product-Young savers Account |
Features: | Features: |
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Required Documents:
Eligibity | Documents Required |
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DORMANT ACCOUNT
Savings Deposit Accounts are treated as dormant in case there is no operations i.e. debit or credit entry for 1 Year or more. Manual deposit will have to be made in order to activate the account.
ACCOUNT CLOSING
A depositor wishing to close his account can do so by surrendering the passbook and unused cheque leaves along with a written application to the Bank.
For further information, please contact our nearest branch.