Kids Advantage Savings Account

To open a Kids Advantage Account for your child, you must have a Savings Account with HDFC Bank. If you don't have one, you will need to open a Savings Account first. Once you meet the eligibility criteria, you can apply for a Kids Advantage Account by providing the required details and documents. As this is a minor account, it cannot be opened digitally and requires a branch visit.

The Kids Advantage Account offers several benefits for children and parents. It provides a personalised cheque book and Debit Card with parental controls, allowing parents to set daily spending limits and track transactions. You can also enjoy additional benefits such as free Education Insurance cover of ₹1 lakh, standing instructions to transfer funds, automatic transfer to Fixed Deposit, bundled Sukanya Samriddhi Yojana Account for a girl child, My Passion Fund deposit experience, and Systematic Investment Plan. Explore the full range of benefits on our Kids Advantage Account page

Yes, as the parent/guardian of the child for whom the account is being opened, you will need to provide identity proof (Aadhaar Card, PAN Card), address proof (latest utility bill, passport), and income proof (latest salary slips for salaried individuals or income tax returns for self-employed individuals) to open a Kids Advantage Account.

The HDFC Bank Kids Advantage Account is designed to teach children about banking. It offers a personalised cheque book and Debit Card with parental controls. Parents can set daily spending limits and track transactions. The account also provides educational tools and resources.

The HDFC Bank Kids Advantage Account offers extensive complimentary benefits, including free monthly statements and instant transaction alerts through SMS and email. You can also avail free cash withdrawal and balance enquiries at all HDFC Bank ATMs. However, there are some fees and charges applicable. Click here to read the detailed fees and charges.