Children's Savings Account
Children's Savings Account: This account is opened in the name of children under the age of 16. It will remain active until the child acquires citizenship.
Features:
- The account can be
opened with a minimum amount.
- A family member will
act as a guardian for operating the account.
- The guardian must be
a member of this institution.
- The account will
remain active until the child turns 16. After acquiring citizenship, the
account can be converted to a regular account, and funds can be withdrawn.
- The current interest
rate for this savings account is 8%.
Required
Documents:
- 1 passport-size
photo of the child
- 1 photocopy of the
birth certificate
- 1 passport-size
photo of the guardian
- 1 photocopy of the
guardian's citizenship certificate