Minor Savings Account

Open a savings account for your child with Ujjivan Small Finance Bank’s Minor Savings Account. Suitable for children aged 1 day up-to 18 years, the Minor Savings Account is designed to give your child a financially secure future. The Ujjivan SFB Minor Savings Account also comes with a debit card (on request for children aged above 10 years only), for easy access to the account and to carry out transactions. The account is operated by the Guardian and there's no minimum balance requirement on the account.

Key Features & Benefits

Operated by the parent/guardian until the minor becomes an adult

Free quarterly statement on your registered email ID

Can be converted into a regular savings account when your child turns into a major (18 Years)

NEFT, RTGS and IMPS available, standard charges apply

Attractive interest rates

No charges on non-maintenance of minimum balance

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Your Minor Savings Account now allows you to select the debit card that fits your needs. Click here to explore your options.

Cards You Can Select

RuPay Classic Debit Card -

RuPay Platinum Debit Card -

Eligibility

Is Your Child Eligible for Ujjivan SFB Minor Savings Account?

Minimum age - 1 day up-to 18 years

Status - Minor can open the account (Operated by parent/guardian)

For assistance, you can call our 24/7 customer support or visit your nearest branch.

Disclaimer: The data generated herein is completely and solely based on the information/details provided by you and such information and the resultant data is provided only for user's convenience and information purposes. Ujjivan SFB does not guarantee accuracy, completeness or correct sequence of any the details provided therein and therefore no reliance should be placed by the user for any purpose whatsoever on the information contained / data generated herein or on its completeness / accuracy.

The use of any information set out is entirely at the User's own risk. User should exercise due care and caution (including if necessary, obtaining of advice of tax/ legal/ accounting/ financial/ other professionals) prior to taking of any decision, acting or omitting to act, on the basis of the information contained / data generated herein. Ujjivan SFB does not undertake any liability or responsibility to update any data. No claim (whether in contract, tort (including negligence) or otherwise) shall arise out of or in connection with the services against the bank. Neither Ujjivan SFB nor any of its agents or licensors or group companies shall be liable to user/ any third party, for any direct, indirect, incidental, special or consequential loss or damages (including, without limitation for loss of profit, business opportunity or loss of goodwill) whatsoever, whether in contract, tort, misrepresentation or otherwise arising from the use of these tools/ information contained / data generated herein.

Ujjivan SFB Minor Savings Account Interest Rates

Below mentioned are the Interest Rates with Effect from 5th June 2026

Account balance	Rate of Interest (p.a.)
Up to ₹ 3 lakh	2.50%
> ₹3 lakh to ₹5 lakhs	3.00%
> ₹5 lakhs to ₹25 lakhs	6.50%
> ₹25 lakh to ₹25 Crore	6.75%
> ₹25 Crore	7.15%

You can find additional disclosures here.

Channel Access

Free Mobile Banking App in 9 different languages of your choice

Free Net Banking Facility

5 free transactions per month at any other bank’s ATM

Speak to our 24*7 phone banking services in your preferred language at 1800 208 2121

Free Mobile Banking App in 9 different languages of your choice

Free Net Banking Facility

5 free transactions per month at any other bank’s ATM

Speak to our 24*7 phone banking services in your preferred language at 1800 208 2121

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FAQs

Ujjivan SFB’s Minor Savings Account lets you open a savings account for your child falling under the age group of 1 day up-to 18 years. The account is operated by the parent/guardian till your child becomes an adult. Our Minor Savings Account comes with multiple benefits including, attractive interest rates, a debit card (upon request) for ease of transaction, no minimum monthly balance requirement, and more.

The parent or guardian can request for a debit card if their child is above 10 years. Our debit card comes loaded with a host of features and benefits, and helps in making your transactions a lot smoother.

The child can become the independent accountholder of the Minor Savings Account only after attaining maturity, i.e., 18 years of age. At the time, the account can be converted into a Regular Savings Account.

Yes, you can avail NEFT, IMPS and RTGS facilities for online fund transfers.

The interest on the Ujjivan SFB Minor Savings Account is calculated daily on the end-of-the-day balance. However, the interest is accumulated and credited to the account on a quarterly basis.

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Minor Savings Account

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