My Junior Account - 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, Baskin Robbins, Kool Skool, Gini & Jony and more.

Early To Save. Early to Earn.

The Kotak Junior Account helps inculcate a saving habit in the child and in their parents, which helps build a corpus for the child's future needs like education.

It is a bundled offering that includes:

Junior Savings Account which is an NMC waived Nova Account
With a Guardian Account you can choose from a host of our Savings Account variants designed to give you a worry-free banking experience
You may also invest in Recurring Deposit / Systematic Investment Plan 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% p.a., your child would receive Rs.18.36 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!


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 etc., as well as special EMI offers.

To find out the latest offers available on My Junior Account - The Savings Account for Kids, Click here.

Check out additional Kotak Bank Savings Account products by clicking here

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 PlanNo. of Movie Tickets or Book Vouchers
RD / SIP of Rs.5,000 < Rs.10,0004
RD / SIP of Rs.10,000 and above8


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.
  • Up to 6%* interest p.a. on Savings Account balance
  • Investment avenues like Recurring Deposit and Systematic Investment Plans
  • Investment based NMC waiver^
  • Personalized Debit Cards#
  • Discounts on partner brands


*Earn 6% interest p.a. on savings account balance over Rs. 1 Lakh. Balances up to Rs. 1 Lakh will earn 5.0% interest p.a. with effect from 1st November 2014. Up to 6% interest p.a. not applicable on NRE/NRO Accounts..
#Debit Cards will be issued on the request of the guardian to children above the age of 10 years and it will have a withdrawal limit of Rs.5,000/- only.
^This is 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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