Would you like to save for your child’s future whilst helping the latter to take part in it too?
Our Next Gen's 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 3.5%* per annum, subject to deposits from MUR 5,000 to MUR 30,000;
- 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 April 10, 2023; 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!
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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.
