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Power Kids Account
Features and Benefits
Simple Documentation
How to Apply
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Home > Saving Accounts > Power Kids Account

Children Saving Account - IDBI Bank Power Kids Account


IDBI Bank realized the importance of introducing a product specifically catering to this market. These days, parents' start saving money for their children right from the day they are born and by supporting this thought IDBI Bank has designed the “POWERKIDZ” account, cut for the needs of children.

It is a piggy bank for the Kids that will not just keep their money safe but provide an interest on the same, allow them to take out money when required, make smart purchases by way of exclusive debit card, teach them to operate their account in a better and convenient way and also advise them from time to time about better investment options.

Kids at a young age can start saving the amount received from parents/guardian into these account which will not just inculcate the habit of saving but also act as an instrument in guiding them into financial sector. Coupled with various training programs and with insight to various other products children can make better investment decisions in future. They can even have the benefit by availing education loan from IDBI Bank at a competitive interest rate for funding their higher education in India and Overseas.

IDBI Bank Power Kids Account Features and Benefits

  • Bullet MAB of Rs. 500
  • Bullet No charges for non maintenance of AQB
  • Bullet Exclusive designed Kids ATM Card*
  • Bullet Withdrawal limits up to Rs. 2,000 at ATM / POS
  • Bullet Personalized Cheque Book
  • Bullet Free monthly statements via mail on request
  • Bullet Free Passbook
  • Bullet Demand Drafts and Pay orders on request
  • Bullet Free five ATM transactions at other Bank ATMs at Non Metro Locations

  • *Not available to Under Guardianship minor account.



Simple Documentation

List of documents required for Power kids accounts

  • Bullet I S A of Guardian
  • Bullet Minor Declaration to be signed by the Guardian
  • Bullet Guardian's photograph and signature required on AOF
  • Bullet Only natural guardians as per law are acceptable, otherwise guardian should be a person appointed by a court of law
  • Bullet Only natural guardians as per law are acceptable, otherwise guardian should be a person appointed by a court of law
  • Bullet Two Minors or two guardians not allowed in a minor account


  • Bullet For Minor Date of Birth proof
    • Birth Registration certificate
    • Passport
    • Report card showing DOB
    • School ID card with Photo and DOB mentioned


  • Bullet Authentication and Certification
    • Minor Declaration to be signed by the Guardian
    • All supporting documents to be signed by the customer i.e. self-attestation and the officer verifying the original documents
    • If Minor above 10 years and he himself operates the account, his/her photo is required
    • On attaining majority, the accounts will be frozen and the freeze will be removed only after submission of documents



How to Apply

To open Power Kids Account is very simple. Just call Phone Banking numbers or visit your Nearest Branch. Our representative will contact you at the earliest.

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