If you are planning to open a savings account for your kid, I would say that this is the right time. As a special offer for children's day HDFC Bank has come up with a special offer. If you open a kid's advantage account, you will be getting a free Disney Adventures goody kit. Besides from this you will be getting a Free Education Insurance cover worth Rs. 1 lakh and an international debit card for your kid. This offer is valid only till November 30th.
I personally feel opening an account for children would be a great idea and this will make them to know about the value of money and let them introduced to banking in young age itself. They will be independent on money matters rather than dependent on us every time they need money but the drawback is that they could misuse it. But the order of the day should be that we should keep a tab on their account usage.
You can know more about this offer and kid's advantage account from here.
I personally feel opening an account for children would be a great idea and this will make them to know about the value of money and let them introduced to banking in young age itself. They will be independent on money matters rather than dependent on us every time they need money but the drawback is that they could misuse it. But the order of the day should be that we should keep a tab on their account usage.
You can know more about this offer and kid's advantage account from here.
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