Bharat Champs
Why open a bank account for your child?

It's never too early to open a kid's bank account so they can develop strong financial habits. As they grow, let them take control of their finances while you monitor their progress. Help your child and teenager think before buying. They'll learn to distinguish between needs and wants. They can access their money using an ATM or debit card. They can practice creating and sticking to a budget. Having their own account can help them learn to save money.

Now even your child can start saving money using Bharat Champs Account with no minimum balance requirement and can have debit card of his/her own. Bharat Champs can be opened by minor above 10 years. The account can be opened singly or jointly with parents.

  • Zero balance account with no minimum balance requirement.
  • A/c self-operated by Minor above the age of 10 years
  • Transaction (debit) cap of 10,000 per day and 100,000 per month
  • Free personalised champ debit card with debit cap of Rs.5,000/- per day and maximum Rs. 50,000/- per month on ATM/POS.
  • Free ATM withdrawals from other banks (upto 5 transactions inclusive of both Financial & Non Financial transactions)
  • Free first chequebook of 25 leaves
  • Free mobile banking services
  • Net Banking services with viewing rights
  • Passbook is issued free of cost. Duplicate pass book can be issued if original is lost on payment of charges.
  • On attaining majority he/she has to convert account into normal savings account
  • No SMS Charges
Documents required :

ADDRESS document (photocopy of any one of the following) :

  1. Ration Card/Voter’s Identity Card
  2. Driving License/Passport (to include page containing date of expiry)
  3. Telephone/Electricity Bill/Society Maintenance Receipt (Latest copy – not more than 2 months old)
  4. Registered Leave – N – License/Purchase Agreement
(Address should match with the address in the account opening form)

IDENTITY document (photocopy of any one of the following) :

  1. Passport/Driving License (to include page containing date of expiry)
  2. Voter’s Identity Card/PAN Card
  3. Aadhar Card.
  4. Identity Card/Photo Identity issued by Central/State Government/PSUs/Scheduled Banks/Professional bodies (such as ICWAI,ICAI,Bar Councils etc) to their members/employees

Additional requirements :

  1. School Id of minor.
  2. Aadhar Card of minor.