New Born’s Deposit Account
Every child is special to the parents. New Born’s Deposit Account is the account for parents who wish to open account in the name of their new born baby. The account comes up with a (mandatory) unique facility of Insurance Backed DPS, which will help the parents/legal guardian to save and raise fund for the new born baby's future.
Standing instruction will be given in the Savings Account that, installment of Insurance Backed DPS will be collected automatically from Savings Account.
|Interest paid System||Half yearly interest payment|
|Other Features||1.Interest on monthly average balance.2. Insurance coverage.3. Auto installment transfer facility to the DPS account.4. Flexibility to choose the installment date.|
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