J&K Bank Child-Care Deposit Scheme

The Fixed Deposit (FD) is often considered a lucrative investment scheme. It helps one earn high returns with minimum risk. J & K Bank offers child-care deposits scheme with investment as small as Rs.100. 

Updated On - 05 Sep 2025

    Features and Benefits of J & K Child-Care Deposit Scheme

    • Investment can be as small as Rs.100 or in multiples of Rs.100
    • Term-deposit tenure can be 5, 7 and 10 years respectively
    • Quarterly interest rates will be compounded
    • Premature withdrawal is allowed with penalty
    • Accidental insurance cover for parent/guardian

    Eligibility Criteria for J & K Child-Care Deposit Scheme

    1. Parents/guardians can apply on behalf of minors
    2. Individuals can apply their name

    Documentation Required for J & K Child-Care Deposit Scheme

    1. KYC documents according to the bank norms
    2. 2 passport size photographs of applicant's parent/guardian
    3. Applicants birth certificate
    4. PAN card or Form 60/61
    5. Legal proof in case of guardian
    6. Declaration form signed by parent/guardian in case of minors

    FAQs on J&K Bank Child-care Deposit Scheme

    • How much monthly installment do I need to deposit in Phase-I?

      You can deposit a fixed monthly installment of Rs 100 and above in multiples of Rs 100.

    • Can term deposit be withdrawn prematurely?

      Yes, you can withdraw term-deposit prematurely. However, you will have to pay a penalty interest on premature withdrawal.

    • Is a loan facility available against the term deposit?

      Yes, there is a loan facility available against the term deposit.

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