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AB Kiddy Bank
Who can open
Children upto the age of 18 years (only minors) Minors who have completed 10 years i.e., children in the age group of 10-18 years can open these accounts in their names to be operated by themselves on production of proof of date of birth For minors who are below 10 years, the natural guardian should open and operate the account.
AB Kiddy Bank
Minimum balance - Rs.100/ ACCIDENT Insurance Accident Insurance Coverage - Accident Insurance coverage for the child and the parent with M/s.United India Insurance Co. Ltd., RS.52/premium for a cover of Rs.1.00 lakh Life Insurance Coverage - Life Insurance coverage to the parent in the age group of 18-55 years. The sum assured is Rs.1.00 lakh in case of natural death or for accidental death.
AB SAVINGS - NRE
FEATURES Low minimum balance requirement- DONT KNOW 'Multicity' cheque book which will permit you to make payment via cheque across multiple locations Mandate or Power of Attorney facility available so that in your absence from the country you can authorize your relative or friend to operate conduct banking transactions on your behalf
Free i-Connect-NOT AVAILABLE Online shopping mall and utility bill payment facility by using our internet based Internet Banking login Free personal accident cover of Indian Rupees 1,50,000 on our Debit Card (The insurance cover will come in force only after you make your first successful payment transaction at any merchant establishment.)* NRE Savings Account is Tax-free