Minor & Student Bank Accounts in India

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15of 15 profiles shown

AU Small Finance BankSavings account

AU Small Finance Bank Kids Savings Account

AU Small Finance Bank's under-18 Kids Savings Account with no account-balance non-maintenance charge, digital access and a Visa Gold Debit Card option for children above 10.

First-party checked3 bank sourcesReviewed September 9, 2026

Balance ruleNo account-balance non-maintenance charge on the child's account under the current AU Kids proposition.

Best fitFamilies wanting a child account without account-balance non-maintenance charges and with a bank-published low daily card limit for older children.

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Axis BankSavings account

Axis Bank Future Stars Savings Account

Axis Bank's kids savings account for under-18s, with guardian operation below 10, self-operation above 10 with guardian consent and a child-limited Visa Platinum Debit Card.

First-party checked2 bank sourcesReviewed September 9, 2026

Balance ruleCurrent product page displays ₹2,500 minimum average balance and ₹3,000 initial funding in non-rural locations; it also advertises a no-AMB route when the stated ₹25,000 FD or ₹2,000 RD relationship is maintained.

Best fitFamilies wanting a clearly documented transition from guardian operation to self-operation and a named debit card with low child-specific limits.

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Bank of BarodaSavings account

Bank of Baroda bob Champ Account

Bank of Baroda's zero-MAB child savings account for ages 0-18, with self-operation above 10, age-specific balance rules and a named bob Champ RuPay debit-card option from age 10.

First-party checked2 bank sourcesReviewed September 9, 2026

Balance ruleZero MAB. Bank of Baroda states a ₹1 lakh maximum balance for self-operated minors aged 10-14; the current page says the ceiling does not apply in the same way above age 14, subject to extant bank guidelines.

Best fitFamilies wanting a zero-minimum-balance public-sector child account with explicit self-operation, digital-access and child-card limits.

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Canara BankSavings account

Canara Champ Deposit Scheme

Canara Bank's savings scheme for children below 12, using a ₹100 opening amount, minimum half-yearly credit activity and automatic conversion to regular savings after majority.

First-party checked1 bank sourceReviewed September 9, 2026

Balance ruleNo conventional minimum-balance penalty is stated; the scheme instead uses a small opening amount and minimum periodic credit activity.

Best fitParents/guardians of younger children who want a simple bank savings habit product rather than child-operated digital/card access.

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Canara BankSavings account

Canara Junior Savings Account

Canara Bank's self-operated account for minor students above 10 with a debit card, student-ID requirement and tightly defined balance, annual-credit and monthly-debit ceilings.

First-party checked1 bank sourceReviewed September 9, 2026

Balance ruleBalance must not exceed ₹50,000 at any point under the current product page; the account must always remain in credit.

Best fitMinor students above 10 who can operate independently and need a low-limit account with education-payment support.

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Canara BankSavings account

Canara NSIGSE Savings Bank Deposit Account

Canara Bank's no-minimum-balance NSIGSE schoolgirl savings account for specifically identified eligible students under the government-backed secondary-education incentive scheme.

First-party checked1 bank sourceReviewed September 9, 2026

Balance ruleNo minimum balance requirement under the scheme-specific account terms.

Best fitEligible SC/ST or Kasturba Gandhi Balika Vidyalaya girls entering qualifying Class IX schools under the NSIGSE implementation rules.

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Federal BankSavings account

Federal Bank FedFirst Kids Savings Account

Federal Bank's under-18 FedFirst account with guardian operation below 10, independent operation above 10, ₹1,000 AMB and a low-limit Visa FedFirst contactless debit card.

First-party checked2 bank sourcesReviewed September 9, 2026

Balance rule₹1,000 Average Monthly Balance under the current FedFirst product page, subject to the bank's current scheme/waiver rules.

Best fitFamilies wanting a clearly age-tiered kids account with very low card limits and a bank-published debit-card fee-waiver threshold.

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Federal BankSavings account

Federal Bank Yuvamitra Student Savings Account

Federal Bank's no-minimum-balance student account for ages 18-25, with digital banking, a Mastercard Crown Debit Card and automatic scheme conversion at age 25.

First-party checked3 bank sourcesReviewed September 9, 2026

Balance ruleNo minimum balance under Yuvamitra while the customer remains eligible; at age 25 the account converts to a current Pride/Delite/Club scheme and the new scheme's balance/service-charge rules apply.

Best fitStudents beyond matriculation, including eligible professional degree/diploma students, who want a student-specific zero-minimum-balance account and understand the age-25 conversion economics.

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HDFC BankSavings account

HDFC Bank Kids Advantage Account

HDFC Bank's child savings account with a ₹5,000 AMB, guardian-permission debit card, controlled daily card limits and optional sweep-style MoneyMaximizer savings.

First-party checked2 bank sourcesReviewed September 9, 2026

Balance rule₹5,000 Average Monthly Balance under current Kids Advantage Debit Card/account material; optional MoneyMaximizer can sweep excess above ₹25,000 once the account reaches ₹35,000.

Best fitHDFC Bank parents or guardians who want a structured child account with low card limits, digital viewing/access and automatic savings features.

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Kotak Mahindra BankSavings account

Kotak Mahindra Bank Junior Savings Account

Kotak's resident-minor Junior Savings Account with a personalised debit card for eligible older minors, variant-based AMB treatment and a ₹5,000 child debit-card limit.

First-party checked1 bank sourceReviewed September 9, 2026

Balance ruleAMB requirement follows the Savings Account variant selected for Junior; qualifying RD/SIP standing-instruction conditions can affect maintenance-charge treatment under current terms.

Best fitFamilies that want a Kotak minor account and can evaluate the underlying savings-account variant and any RD/SIP-linked fee-waiver conditions rather than assuming one universal zero-balance structure.

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Punjab National BankSavings account

PNB GROW Saving Scheme

PNB's zero-MAB GROW savings scheme for minors, with guardian operation at younger ages, independent operation above 10 and a specifically named Master Grow Platinum Debit Card.

First-party checked2 bank sourcesReviewed September 9, 2026

Balance ruleZero Minimum Average Balance under the current PNB GROW leaflet; the guardian must hold a PNB Savings Account for guardian-operated opening.

Best fitPNB families wanting a zero-MAB minor account with explicit child card limits and a documented transition to independent operation above age 10.

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State Bank of IndiaSavings account

SBI Pehla Kadam Minor Savings Account

SBI's guardian-operated minor savings proposition for children of any age, with limited internet-banking transactions and a Photo ATM-cum-Debit Card.

First-party checked3 bank sourcesReviewed September 11, 2026

Balance ruleMaximum balance ₹10 lakh in the minor's Savings Account and ₹20 lakh aggregate deposit on the minor CIF under the current Pehla Kadam dispensation.

Best fitParents or guardians who want an SBI minor account before the child is ready or eligible to operate an account independently.

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State Bank of IndiaSavings account

SBI Pehli Udaan Minor Savings Account

SBI's self-operated minor savings proposition for minors above 10 who can sign uniformly, with limited internet banking and a Photo ATM-cum-Debit Card.

First-party checked3 bank sourcesReviewed September 11, 2026

Balance ruleMaximum balance ₹10 lakh in the minor's Savings Account and ₹20 lakh aggregate deposit on the minor CIF under the current Pehli Udaan dispensation.

Best fitChildren above 10 who meet SBI's signature/KYC conditions and are ready for a self-operated savings account with deliberately limited digital transaction rights.

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Union Bank of IndiaSavings account

Union Bank of India Savings Bank Account for Students (SBZER)

Union Bank's zero-minimum-balance student savings scheme for regular-course students above 10 and up to 25, with parent/guardian operation below 10 and published debit-card transaction limits.

First-party checked2 bank sourcesReviewed September 9, 2026

Balance ruleNo minimum balance requirement while the customer remains eligible for SBZER.

Best fitStudents who want a public-sector zero-balance account with explicit age/course eligibility and a defined age-25 conversion point.

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Union Bank of IndiaSavings account

Union Bank of India Union Muskaan (SBMUS)

Union Bank's dedicated minor savings product with a ₹1,000 minimum QAB, a Platinum debit card issued to the parent/guardian and separate child-account transaction limits.

First-party checked1 bank sourceReviewed September 9, 2026

Balance rule₹1,000 minimum QAB for the core account. A separate ₹5,000 AQB condition applies only to the stated term-insurance-on-RD benefit, not as the base account balance requirement.

Best fitFamilies comfortable with a modest QAB who prefer guardian-held debit-card control and education/investment-linked benefits.

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How to compare

Check the terms that can change the decision.

Category membership alone does not make products interchangeable. Recheck the bank's current controlling agreement, tariff or effective-rate table before acting.

Age state first

Separate guardian-operated minor accounts, self-operated minor accounts and adult student accounts before comparing fees or perks.

Self-operation is not universal

Banks use different age/signature/guardian-consent rules; being above 10 can enable self-operation at one bank without making every child account equivalent.

Child card limits

Use the limit published for the exact child-account relationship. A familiar card name such as Visa Gold or Visa Platinum can carry a much lower minor limit than the general adult version.

Balance versus card cost

Account AMB, opening funding, debit-card issuance/AMC and a card-fee waiver threshold are separate requirements and should not be collapsed into one “free” label.

Digital rights

Minor internet/mobile access can be enquiry-only, limited-transaction or fuller self-operated access; compare the actual bank-published rights and caps.

Majority / age-out

Check what happens at 18 or the student scheme age limit: re-KYC, fresh signatures, debit blocks, automatic conversion and new balance/service-charge rules can materially change the account.

Maintained comparisons

Head-to-head research where the trade-off is meaningful.

Pairs are curated rather than generated automatically. Each product retains its own conditions, dates and evidence.

State Bank of IndiaSBI Pehla Kadam Minor Savings AccountState Bank of IndiaSBI Pehli Udaan Minor Savings AccountOpen comparison