Would you like to save for your child’s future whilst helping the latter to take part in it too?
Our Junior Savings Account is a savings product that will accompany your child from month one of life and grows accordingly until he or she becomes of legal age. The savings you engage in your child’s name are remunerated, over the years, at incentive bonus interest rates.

Benefits

  • Interest rates are superior to those offered by a conventional savings account : we apply the bonus rate of 0.75%* per annum, subject to deposits from MUR 5,000 to MUR 30,000 and above;
  • The amount you choose to deposit is free – you can deposit any amount as and when you can (birthday, exam results, festivities, etc.);
  • This savings remains available – you can withdraw from it any time too;
  • It is free of charge and with no service fee.

* Rate applied as from May 1, 2020; Conditions apply. Between Rs 5,000 and Rs 30,000: Base savings rate + 0.5%; above Rs 30,000: Base savings rate (conditions apply)

Features

Eligibility

Any physical person minor of age

Subscriber

Any physical person of legal age (parent or legal representative)

Minimum Opening Amount

MUR 5,000

Deposits

Free and unlimited

Threshold

Unlimited

Interest Payment

Half-yearly

Availability

Total and immediate

Term

Unlimited

Here you go!

  • Application checklist**

    Ready to apply? Here’s what you need to get started:

    • Valid identity document (national identity card, passport, birth certificate, etc.) ;
    • Proof of residential address showing name of applicant(s), dated less than 3 months;
    • Proof of income (latest salary slip, employment certificate from current employer, latest income tax return).

    **This list is not exhaustive.

     

     

Fixed Term Deposit

Home Ownership Savings Plan

Savings Account