This bank is launching savings account for kids, ENJOI!

Focussed on the theme of education and financial literacy, Equitas Small Finance Bank announced that it is all set to launch exclusive savings account for kids named ‘ENJOI’, on the occasion of Father's Day – June 19, 2022.

The account introduces "young kids" to the financial world, encouraging them to develop an early habit of saving through which they can watch their money grow, as they become adults.

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About the account details

ENJOI will allow kids of 0-18 years to open a savings account under the supervision of their parents. Minors aged 10 & above will also get an option for a personalized debit card, as per the bank.

The account offers 7% interest for savings balances between ₹5 Lakh to ₹2 crore. Upon the written consent from parents, minors aged 10 & above can also avail self- operating account with limited transaction limits.

The bank also said ENJOI account holders will also have access to exclusive deals from ed-techs and online learning providers.