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.

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 Saving Account (Nova Variant)
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
# Non Maintenance Charge.

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.

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Enjoy offers under shopping, dining, edutainment & more with Junior Account. Here's what your Junior can look forward to:

Junior Foodie
Who doesn't deserve a delicious treat once in a while?
Junior Foodie provides offers and discounts on all kinds of delicious treats and rewards, including pizza and cookies. Yum!

Junior Day Out
You know what they say about all work and no play.
All kids need to enjoy themselves once in a while. Junior's day out gives them a chance to do rare, fun activities, like playing with snow or go karting.

Junior Shopper
Clothes. Toys. Arts & crafts. Footwear. Room Decor.
Junior Shopper has offers & discounts on all of these and more. Sometimes, a new pack of crayons makes us all feel better.

Junior Learner
There's so much to learn beyond textbook.
Junior learner helps make learning fun, with discounts on subscriptions to BBC Knowledge, National Geographic, Tinkle and more.

Junior Angel
What's more fun than having fun? It's the joy of helping others, doing a good deed and being a good human being. Every time we support a good cause, we become an Angel.

Click here to know more about the latest offers

Know more about other Kotak Savings Account by clicking here

  • Up to 6%* interest p.a. on Junior and Guardian's Savings Account balance
  • 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 up to 6% p.a. interest on savings account balance over Rs 1 lakh and up to Rs 1 cr. Earn 5% p.a. interest on savings account balance up to Rs 1 lakh and 5.5% p.a. interest on savings account balance above Rs 1 cr. Applicable for Resident Accounts only. Interest rates are subject to change from time to time.
#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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