Ashirwad Scheme

A Ashirwad Scheme for your every need

Ashirwad Scheme - FEATURES

Youngsters aged 10 to 17 can now open and operate their own savings account, specially designed to encourage the habit of saving, much like a piggy bank. This account aims to introduce young individuals to banking transactions and help them develop a strong financial foundation for their future. It is a perfect way to start their journey toward financial independence while learning the importance of saving in day-to-day life.

Benefits / Features

Youngsters or minors, aged 10 to 17, can independently open and operate their own Savings Account.
A great way to develop the habit of saving and manage finances early on.
Introduces banking transactions, fostering financial literacy.
Encourages responsible money management in daily life.

ATM Facility

Available for easy access to your funds.

ELIGIBILITY CRITERIA

Minors aged 10 years and above can open an account.

Rate of Interest & CHARGES

Rate of Interest is 3.00%* P.A.
Saving Bank interest will be paid at quarterly intervals.

Charges

SMS charges will be applicable.

Minimum Balance – 100/-

Transactions limit up to 50,000/- allowed.

REQUIRED DOCUMENTS

Proof of Identity of the Minor: Birth certificate, Aadhaar card, or passport.
Proof of Address of the Guardian: Recent utility bills, property tax receipts, or any official document bearing the guardian's name and address.
Proof of Identity of the Guardian: Valid government-issued ID such as a passport, driving license, or Aadhaar card.
Photographs: Passport-sized photos of both the minor and the guardian.

Term Deposit

Looking for a safe and rewarding way to grow your savings? A Term Deposit is the perfect solution! It is a secure investment option where you lock in your money for a fixed term and enjoy guaranteed returns.

Know More →

Recurring Deposit Scheme

The Lakhpati Scheme is designed to help you accumulate ₹1, 00,000 at maturity through affordable, manageable monthly instalments.