At IndusInd Bank, we understand your varied needs as a parent in providing the best education for your children, saving for their future and ensuring their good health and habits. We feel a strong responsibility in securing your financial future. We therefore offer you a balanced portfolio of savings and investment solutions for your child.
This Savings account is a great tool which teaches young kids to manage money wisely and also inculcates the habit of saving.
Indus Young Saver Account
IndusInd Bank offers its unique Gold Debit Card which can be issued on the child’s name (for children above 12years). You can add a personal touch to your child’s Debit Card by customising it with a fun image
Get a cheque book on your child’s name, and guide them on handling and saving money wisely
Secure the future of your child with a Free Education Insurance cover (PA) of Rs.1,00,000. You can do this by opening a savings account for yourself and link it to your child's account
The Indus Young Saver Account can be opened in the minor's name, either-
Average Monthly Balance to be maintained
Monthly balance requirement: 5000**
Balance Non-Maintenance charges
Refer Schedule of Charges
**Note: Your child is entitled to a monthly balance waiver on his/her account as per below:
You can open an Indus Young Saver Account online. Click on the Apply Now button on this page, fill in your details and submit it. We will get back to you for further KYC process. Alternately, you can visit a branch and submit the Savings Account form.
The following documents will be needed to open the Indus Young Saver Account:
Passport or driving license or Voter's ID or Photo Debit/Credit Card
Passport or driving license or Voter's ID or utility bill (not older than 3 months) The above list is indicative. For a more detailed list, please contact your nearest branch or call our contact center.
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