Child Education Saving

It is voluntary saving. Any child  less than 16 years old can save Rs.100 or divisible by 100 monthly. It can withdraw after 16 years old or S.L.C. Passed .The rate of interest is 7%. It can be withdrawn before 16 years paying 5% service charge. It can be used in child education purpose, guardian can open this saving account on the name of child less than 16 years.