014474523 info@manipurcoop.com
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Manipur Saving and Credit Cooperative Limited
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Child Savings

A future fund in your child's name, opened and operated by you today.

Overview

Child Savings

A future fund in your child's name, opened and operated by you today.

Child Savings is designed to start a savings habit early. Deposits are made by a parent or guardian while the account remains in the child’s name, so it grows into a meaningful fund by the time they need it.

Festival cash gifts, exam awards, and grandparents’ contributions can all go in — building a head start for education or a first dream.

Interest rates

Interest rates for Child Savings
Balance slab Interest rate Note
Up to Rs. 50,000 balance 7.00% p.a.
Rs. 50,001 – Rs. 2,00,000 7.25% p.a.
Above Rs. 2,00,000 7.50% p.a.

Minimum balance

Minimum opening balance
Rs. 200
Minimum average balance
Rs. 200 / quarter
Interest type
Daily balance, credited quarterly
Who operates
Parent or guardian until age 18

Who can open this account

  • Children below 18 years
  • Father, mother, or legal guardian
  • Grandparents
  • All members of the society
Read Before You Open

Terms & conditions

Short, plain-language terms. Our full account rules are available at the branch and on request.

The account balance belongs to the child. The guardian only operates the account on their behalf and has no right to gift it away.

The account is handed over to the child. Both advisors must co-sign an application, after which the child becomes sole operator.

Yes. Anyone can deposit into the account; only the guardian can withdraw from it.

Yes. Around Cheiraoba and Durga Puja we run small matching-gift schemes — watch our notices for announcements.

Open This Account

One visit is all it takes

Bring your documents, and our counter staff will open your account on the spot.

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