School Banking Account

This is special type of saving account, meant for inclusion of unaddressed portion of the society with the financial system. In this scenario, these are students, the future generations, who are to be introduced to financial institution, to grow their saving habit and to make them provident.

Features

• 1. Special Savings Account
  2. Minimum initial deposit
  3. Higher interest rate
  4. Students age below 18 years can open the account
  5. Interest is paid twice a year
  6. Debit card/Cheque book are issued
  7. SMS alert service
  8. No charge will be deducted from this account except Govt. charge

Benefits

• 1. Any amount can be deposited in the account
  2. Interest is accrued on daily basis
  3. Round the Clock ATM access across the country
  4. The students can pay school-fees & monthly installment of any deposit/loan account through balance transferring from their account
  5. Convertible to normal savings account at the age of 18

Required documents

• 1. Student ID card and 02 copies of photograph
  2. Guardian/Father or mother’s 02 copies of photograph and NID
  3. Birth Registration Certificate or testimonial stating DOB of the student

Restrictions

• 1. Must be a student
  2. Has to be operated jointly by the student and Guardian/Father or mother