Power Kids Account

 Power Kids Account  Power Kids Account

IDBI Bank, smart choice
of the smartest kids
in the world

Presenting the Power Kids Account
from IDBI Bank

Overview

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

Features

Personal Accidental Insurance cover

  • Free Insurance of Rs.2 lakh, on accidental death of guardian operating account on behalf of Minor.
  • The free accidental cover offered to customers will be withdrawn on Primary Account Holder attain Major Status as per bank records.
Documentation

List of documents required for Power Kids Accounts

I S A of Guardian

Minor Declaration to be signed by the Guardian

Guardian's photograph and signature required on AOF

Only natural guardians as per law are acceptable, otherwise guardian should be a person appointed by a court of law

Two Minors or two guardians not allowed in a minor account

How To Apply

Get a Power Kids Account in 3 easy steps.

01. Get In Touch

Call on our Phone Banking numbers Toll Free -
1800-209-4324

1800-22-1070
(24x7 service)

02. Visit Our Branch

Visit the nearest branch.

Find the Nearest Branch
03. Receive a Call Back

Our representative will contact you at the earliest.