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The Kotak Mahindra Bank Junior Account is specifically designed to teach your children the benefits of saving, while also providing a host of privileges across dining, edutainment and shopping on kids’ brands.
Earn 2.50%* interest on Junior Savings and Guardian's Savings Account balance and manage finances efficiently for the future
Get a Personalized Debit Card#
for your child with your Junior Savings Account
Avail ^NMC waivers and zero balance benefits with your Junior Savings Account
Enjoy exclusive discounts and privileges on Junior Savings Account including exciting offers across brands for kids
1. Effective July 9th, 2025, daily balances in Savings Account across all account balances will earn 2.50% interest p.a. These interest rates are applicable for both Resident and Non-resident Accounts (NRE/NRO).
2. #Debit Cards will be issued to anyone below 18 years and it will have a daily withdrawal limit of Rs. 5,000/- only.
3. ^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.
4. 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.
Learn more about Kotak Junior Proposition of the Junior Savings Account.
Explore more savings account options that best suit your needs.
JUNIOR Savings account can be opened with account variants: Everyday , Savings account for minor operated by guardians , *Edge,* Nova, *pro, *classic, * Ace *only for existing bank customers
Check the documents required for opening the Junior Savings Account.
Explore more savings account options that best suit your needs.
Click Here to know the fees and charges applicable for respective product scheme opted
Sr. No. | Name of the Document (valid) | Identity Proof | Address Proof |
---|---|---|---|
1 | Passport | Yes | Yes |
2 | Driving Licence | Yes | Yes |
3 | Aadhaar (Post e-KYC authentication by Bank) | Yes | Yes |
4 | Voter Id | Yes | Yes |
5 | Job Card issued by NREGA | Yes | Yes |
6 | Letter issued by National Population Register | Yes | Yes |
Explore more savings account options that best suit your needs.
To apply for Kotak Mahindra Junior Savings Account, the child should fulfill below criteria:
The Kotak Mahindra Bank Junior Savings Account is best for a child as it is specifically designed to teach your children the benefits of saving, while also providing a host of privileges across dining, edutainment and shopping on kids’ brands.
Yes, you can open a child savings account for your children. Age of the child should be below 18 years(Minor) and he/she should be a resident whereas guardian can be resident or NRI.
Sr. No. | Name of the Document (valid) | Identity Proof | Address Proof |
---|---|---|---|
1 | Passport | Yes | Yes |
2 | Driving Licence | Yes | Yes |
3 | Aadhaar (Post e-KYC authentication by Bank) | Yes | Yes |
4 | Voter Id | Yes | Yes |
5 | Job Card issued by NREGA | Yes | Yes |
6 | Letter issued by National Population Register | Yes | Yes |
Yes, a 1 year old child can have a minor savings account. This account needs to be operated jointly by the guardians / parents until the child is 18 years old.
A child can open only one Junior Savings Account
NMC waiver is available on bundled offering applicable only for Kotak Junior proposition as long as the Recurring Deposit or Systematic Investment Plan (SIP) is active, else Average Monthly Balance (AMB) basis account variant need to be maintained to avoid charges of 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
The Junior Savings Account Debit card limit is Rs.5000 for POS and ATM for juniors who are above 10 years of age
To apply for Kotak Mahindra Junior Savings Account, the child should fulfill below criteria:
Age of the child should be below 18 years(Minor)
Minor should be resident
Guardian can be resident or NRI
Click here to know the eligibility for kids savings account
Personalized Debit card, exclusive offers and discounts on dining, edudainment, and shooping, access to extraordinary workshops and events, RD/SIP based annual maintenance charge waiver and a cheque book are some of the exclusive benefits of Junior Savings Account
The minimum Average Montly Balance requirement of the Junior Savings Account will be applicable as per Savings Account Variant
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