Equitas Small Finance Bank to launch “ENJOI” kid’s savings account – Equitas Small Finance Bank to launch a kids’ savings account called ENJOI, on Father’s Day – 19 June 2022.
- ENJOI will allow kids of 0-18 years to open a savings account under the supervision of their parents.
- The bank will provide an option for a personalized debit card to minors aged 10 & above.
- The bank will also offer 7% interest for savings balances between ₹5 Lakh to ₹2 crore.
- Applicants will get the mode of savings either as a savings account, balance starting as low as ₹ 1,000; RD (recurring deposit) for ₹ 500 monthly; FD (fixed deposit) for ₹ 10,000.
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