Bal Surakshya Bachat

0
6.75%

Bal Surakshya Bachat

0
6.75%

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. 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.

Eligibility/Target Group

  • This is a Personal Individual Deposit Account opened on behalf of children below 18 years of age by their parents/guardians.

 

Purpose of the Deposit

  • Enhances the saving habit of customers.
  • Increases Cross-Selling opportunities.
  • Increases total deposit mix of the bank.
  • To reduce concentration on corporate and call deposit (comparatively volatile in nature).

 

Benefits

  • Free ABBS Facility
  • Free On demand account statement ree On demand account statement

Required Documents :

  • As per Operation Manual/KYC& AML Policy/ NRB Directives.