Junior Account

My Junior Account - The Savings Account for Kids

Kotak Junior Account is designed to inculcate the habit of savings in children from an early age and help parents build a corpus for their child's future.

It comes with a first of its kind personalized Junior ID card for children bundled with host of exclusive privileges across dining, edutainment and shopping on kids brands.

The Junior Proposition is a bundled offering that includes:

Junior Savings Account - an NMC waived Nova Account (NMC waiver is subject to conditions some and conditions apply in T&C)

Guardian Savings Account - You can choose from a host of our Savings Account variants designed to give you a worry-free banking experience

Invest in Recurring Deposit / Systematic Investment Plan as little as 2000^ per month (minimum tenure of 36 months)

^ 1000 or above for Semi-Urban & Rural Branches

Special Introductory offer just for your Junior

Our exciting introductory offer for the first year of account opening, gives you the option to choose from either Movie Tickets (PVR) or Book Vouchers (Landmark), by simply investing regularly in RD or SIP.

Monthly Investment Plan	No.of. Movie Tickets or Book Vouchers
RD / SIP of 5,000 < 10,000	4
OR
RD / SIP of 10,000 and above	8

Junior account also offers...

Up to 6% interest p.a. on Savings Account balance
Tax free interest up to 1,500 on Savings Account
Personalized Debit Cards on request for kids above 10 yrs of age
(daily withdrawal limit of 5,000)
Discounts on dining, edutainment and shopping

Please note:

6% rate of interest not available on NRE and NRO accounts

NMC - Non Maintenance Charges

Kotak Junior introductory offer is available under two plans, namely Movie Ticket vouchers & Book vouchers both to be used for online purchase. The Movie Tickets or Book Vouchers will be sent as per the discretion of the bank within the 1st year from the date of account opening for new accounts opened & from the date of conversion for existing account holders upon uninterrupted execution of monthly RD/SIP installment. RD(s) and SIP(s) setup /registered within 15 and 45 days respectively from the date of opening of/conversion into Junior Account will be considered to determine the applicability of the Plan under the introductory offer. The Book Voucher allows you to make a purchase up to Rs. 250. Movie ticket voucher(s) is/are subject to availability of tie up with theatres in customer's location & is subject to change. Please contact the branch to know the availability of this option in your branch / city

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