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EBL Junior Savings Account
Guide your child through the world of banking
EBL Junior Savings Account is designed exclusively for children aged between 3 and 18 years. Get your children into the habit of saving and get them in banking.
What is the account about?
This account is only for Children but it will be operated by the parents until his/her maturity (18 Years).
What is there for you?
Now you can guide your children save and spend their money judiciously. With EBL Junior Savings Account, you can even directly deposit the pocket money into your child's account. The best part of it is you can still maintain complete control over the account while your child enjoys the benefits of banking. Simple, isn't it?
Features
Higher interest rate 8% per annum
Interest will be calculated on daily balance
Local VISA debit card facilities
Free ATM cash withdrawal facilities at all EBL ATM’s
Free internet banking facilities
No minimum balance fee
No account maintenance fee
Minimum Initial deposit amount is only BDT500/=
Eligibility & Requirements
Any children aged from 3 < 18 will be eligible to open EBL Junior Savings Account
Children can not open the account with anyone other than his/her parents
Minimum balance for interest accrual BDT 10,000/=
Required documents to open EBL Junior account
Photocopy of School ID
Photocopy of Birth certificate/ Passport/ Certification of age from school. (Original copy of Certification of age from school needs to be produced at the time of opening the account).
Photocopy of Parents National ID/Passport
Two copies passport size photograph of the student
One copy passport size photograph of parent.
Special Benefits
Privilege Card - EBL Junior account holder will get discounts in different food court/ restaurant/Book shop and different outlets across the country
Complementary Insurance Coverage – EBL Junior Account holder will be entitled for the following coverage:
- Loss of Life of the paying parents due to accident – BDT5,000 per month for 60 months for the Tuition Protection of the child.
- Permanent Total Disability (PTD) of the paying parents due to accident – BDT5,000 per month for 60 months for the Tuition Protection of the child. *
*Conditions apply
For more information please contact our Contact Center 16230 or visit your nearest EBL Branch or email to studentbanking@ebl.com.bd
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