This Product Paper states and defines process/procedures relating to Bal Surakshya Bachat.
This product has been designed to encourage guardian to save money in the name of their Kids/Children for the future. This helps bank to enhance Individual Deposits by offering attractive and competitive interest rate. The product will primarily target to Kids/Children.
This saving helps parents to provide better education to their child that helps to secure their future. When the child grows up and starts his/her higher education, the cost tends to become expensive. So, saving from the early days will reduce the burden of the cost in future.
Type of Deposit
Purpose of the Deposit
This is a Personal Individual Deposit Account opened on behalf of children below 15 years of age by their parents/guardians..