How to Open a Minor Account in Bank of Baroda? Documents Required, Opening Process, etc.

Financial education is often the last thing that we teach our kids but it is the most important thing that must be taught in the first place.

In schools, colleges, or workshop classes, you never see personal finance empowering a child with money management skills, therefore, as a parent, you need to teach your child financial literacy.

One of the most important tools that modern financial systems use is a savings bank account and you can teach your child how to use a bank account to save funds, money transfer, etc.

Early exposure to some of the bank processes helps him/her in adapting to the rapidly growing financial system and improves their understanding of the money.

Numerous banks provide minor bank accounts which are specially designed for kids, especially government banks in India.

One such bank is the Bank of Baroda which offers bank account opening for minors. In this article, we will discuss How to Open a Minor Account in the Bank of Baroda? Documents Required, Opening Process, etc.

How to Open Minor Account in Bank of Baroda Documents Required, Opening Process,

Eligibility Criteria for Minor Account

The following are the eligibility criteria for opening a minor account-

  • Anyone from age 0 to age 18 can open a minor account in the Bank of Baroda with the supervision of the parents or guardian

How to Open a Minor Account in Bank of Baroda?

The following are the step by step instructions on how to open a minor account in Bank of Baroda-

  • Visit the Bank of Baroda premises and ask the bank representative for the Baroda Champ Account opening form
  • Now, fill the form with correct details like name, address, education qualification, etc.
  • Attach all the documents mentioned below along with the application form and submit it to the bank representative
  • After submitting the documents, the bank representative will review your application and verify your documents
  • After verification, your bank account will be opened, and you’ll be notified about the successful account opening
  • After opening an account, you’ll receive a Bank of Baroda starter’s kit that includes Internet banking, mobile banking, debit card, cheque book, etc.

Documents Required for Opening Minor Account in Bank of Baroda           

The following are the documents required for opening a minor account in Bank of Baroda-

  • Proof of Identity of parents or guardian-Aadhaar card, Driving license, Voter ID card, etc.
  • Proof of Address of parents or guardian –PAN Card, Utility bills, electricity bills, etc.
  • Birth Certificate of the child
  • Aadhaar card of the child
  • 3 color photographs of the kid and parents
  • Account opening application form/ Online apply
  • Initial Deposit Amount

FAQ

What is the Bank of Baroda Minor Account?

Bank of Baroda Minor Account is officially called Baroda Champ Account which caters to the special requirement of a child. It can be used to pay school fees with no extra charge on the payments and with multiple other features.

Can Minor Account be opened Jointly in Bank of Baroda?

Yes, the Bank of Baroda offers joint account opening for that you have to choose the option while opening the Baroda Champ Account.

Can a Minor use UPI for Bank of Baroda?

Yes, but only after 15 years of age. UPI is only allowed to children above the age of 15 years.  

How to check the Bank balance in the Bank of Baroda minor account?

Like any other account, you can check the Bank of Baroda Minor bank balance using various means like Mobile banking, net banking, missed call number, etc. you can follow this link to find the Bank of Baroda Minor Account Balance.