Equitas Small Finance Bank to launch kids savings account - ENJOI

16 Jun 2022 , 06:15 PM

Equitas Small Finance Bank is all set to launch the kids savings account called ENJOI, on the occasion of Fathers Day – 19 June 2022. ENJOI will allow kids of 0-18 years to open savings account under the supervision of their parents. Minors aged 10 & above will also get an option for personalized Debit Card. To promote higher growth in savings, the account offers best-in-class 7% interest for savings balances between Rs.5 lakh to Rs.2 crore. Upon written consent from parents, minors aged 10 & above can also avail self- operating account with limited transaction limit. The account offers flexibility to choose the mode of savings either as Savings Account, balance starting as low as Rs 1,000; RD (Recurring Deposit) for Rs 500 monthly; FD (Fixed Deposit) for Rs 10,000. Kids can deposit their own pocket money into the account and watch their savings grow with best-in-class interest rate. Powered by Capital Market – Live News