One of the associate banks of the State bank of India – State bank of Travancore has rolled out a new savings deposit scheme. This new savings deposit scheme is especially for children for the below 18 yrs of age.
It has been reported by the bank that the parent or guardian of the child can open this account on the name of the child and further the child can operate this account.
The account will offer internet banking and ATM facility also but it will be only for the children of age above 15 yrs. For the details customer can contact at 0471-2192584 or write to email@example.com.