Eligibility Criteria
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| United Children Savings Account may be opened by the children completing the age of 10 years or above. The illiterate children are not eligible to open account under this scheme. The account is to be opened in single name of minor children. A minor attains majority at 21 when he/she is under a guardian appointed by Court and in all other cases a minor attains majority at 18. Whenever the account holder attains the majority there is no need to take a new form, but photograph is to be obtained, as there exists a possibility of change of facial appearance. In the account opening form where stamp of United Children Savings Account is affixed a line stating “converted into usual Savings A/c.” is to be incorporated. A new specimen card may be taken if the style of signature varies. |
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