Junior - The Savings Account for Kids

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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 a host of exclusive privileges across dining, edutainment and shopping on kids' brands like Domino's, Jabong.com, Baskin Robbins, Reliance Footprint, Funcity and more.

Early To Save. Early to Earn.

Kotak Junior Account helps inculcate a saving habit in the child and helps parents build a corpus for their child's future. It is a bundled offering which includes:

Junior Savings Account - NMC waived Nova Savings Account
Guardian Savings Account - One of our Savings Account variants designed to give you a worry-free banking experience
Investment in a Recurring Deposit / Systematic Investment Plan with as little as Rs. 2,000^ per month (minimum tenure of 36 months)

^ Rs. 1000 or above for Semi-Urban & Rural Branches

Recurring Deposit

A Recurring Deposit (RD) allows you to park a pre-defined amount in a long term deposit every month. You can sign up for an RD with a simple standing instruction and save for your child's future.
For e.g., If you were to invest Rs. 10,000/- per month for 10 years at an interest rate of 8.25% p.a., your child would receive Rs. 18.62 lakhs on deposit maturity.*

Systematic Investment Plan

Seasoned financial planners tell you it is never too late to start investing. What they also tell you that it is better to start early. So what better way to invest in your child's future than with a Systematic Investment Plan?
Choose the amount and the duration that you wish to invest and start building that Ivy League education corpus that your child deserves.

Standalone Junior Account

While we recommend the bundled offering which ensures your child learns to save, Junior Account is also available in our regular Savings Account variants as mentioned below, without the separate Guardian Account and investment options (RD or Mutual fund SIP).

Platina | Ace | Pro | Classic | Edge | Nova

Note: *Conditions apply. NMC waiver is available with Nova variant of Junior Account with RD or SIP and Guardian's Savings Account only. Minimum average monthly balance is not required for Kotak Privy League and Wealth programme customers. Classic and standalone Nova savings account (No linked RD/MF SIP and guardian's savings account) is available in Rural & Semi-Urban branches only.


With Kotak Mahindra Bank you can avail great offers round the year from our key partners. Choose from offers across categories, including restaurants, travel, shopping, electronics, health & wellness, entertainment and more.

Click here to know more about the latest offers

Offline OffersOnline Offers
US PizzaFirst Cry
Baskin RobbinsEntertainment Store
Cookie ManRedlily
Reliance FootprintYoureka
BaristaShop all day kids
Fire FoxZoffio
Papa JohnsJabong.com
Domino'sPen and Pencil
BBCLighthouse Arts

Know more about other Kotak Savings Account by clicking here

Our exciting introductory offer for the first year of Junior account opening gives you the option to choose from either Movie Tickets or Book Vouchers.

Introductory offer PlanTotal No. of Movie Tickets or Book Vouchers
RD / SIP of Rs. 5,000 < Rs. 10,000 with Nova Junior Account
Uninterrupted maintenance of average monthly balance in Pro/Classic Junior account.
(1 Per Quarter)
RD / SIP of Rs. 10,000 and above with Nova Junior Account
Uninterrupted maintenance of average monthly balance in Platina/Ace Junior account.
(2 Per Quarter)


Kotak Junior introductory offer is available under two plans, namely Movie Ticket vouchers & Book vouchers, both to be used for online purchase from respective alliance partners only. The Movie Tickets or Book Vouchers will be sent as per the discretion of the bank within one 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 the theatres in customer's location & is subject to change. Please contact the branch to know the availability of this option in your branch/city. Only Nova savings account is available as NMC waived Junior account.
  • Up to 6%* interest p.a. on Junior and Guardian’s Savings Account balance
  • Get rewarded for saving regularly with our introductory offer
  • NMC waived^ Junior Account available as part of bundled offering
  • Personalized Junior Debit Card#
  • Exclusive discounts and privileges across brands for kids Click here


*Earn 6% interest p.a. on savings account balance over Rs. 1 Lakh and 5.0% interest p.a. on balances up to Rs, 1 Lakh on Resident Accounts only.
#Debit Cards will be issued to children above the age of 10 years and it will have a daily withdrawal limit of Rs. 5,000/- only.
^NMC waiver is available on bundled offering only (Nova Junior account), as long as the Recurring Deposit or Systematic Investment Plan (SIP) is active, else Average Monthly Balance (AMB) of Rs. 5,000/- is to be maintained and standard charges will be debited on non-maintenance of AMB.
The waiver will not be applicable in case of failure in execution of the SI set towards RD/ SIP, due to insufficient funds in the Junior Account.

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