DEPOSITS - VIDYA

Vidya

With a view to cater to the Student Segment, we have launched Vidya - a dedicated account to meet the specific requirements of the Students.

The "Vidya" Student a/c offers the following features to our Student customers:

  • The a/c can be opened by complying with KYC norms such as Photo ID, Address proof etc and proper introduction.

  • If a Student does not have Photo ID or introduction, the same from the competent authority of the educational institution (Principal/Administrator) & an attested ID card of the Student can be considered

  • When PAN card in the name of Student is received, copy of the same to be taken as Photo ID

  • The minimum and maximum age to qualify for such Student A/c will be 14yrs to 24 years of age.

  • The A/c opening form and RuPay card application of minor Students to be counter signed by parents. Draft of undertaking to be signed by parent/s, for issue of Rupay Card to minor is attached.

  • No cheque book will be issued to such Student A/c's. On attaining majority, cheque books can be given upon the specific request from the Students and after appropriate age proof is furnished

  • For A/c's opened in the single name of Student, nomination in favour of parent/s to be obtained.

  • Monthly minimum balance of Rs 250 to be maintained in the account

  • Credit in the a/c can be by way of cash, transfer or clearing cheque or standing instruction from Parents' A/c. For cash deposits, all regulatory & AML norms will be followed.

  • Facility to apply for PAN card will be offered to the Student at the concessional rate of Rs 105.00

  • Free invitation will be extended to Career Counseling Sessions / Personality Development Workshops when conducted by the bank from time to time.

  • Value added services such as Mobile Top Up will be offered without any extra cost

  • Products at special rates through third party loyalty tie – up such as Cafe Coffee Day, Imax / PVR cinema, Croma, etc will also be offered in due course.

  • All other Terms & Conditions as applicable to general SB a/c will apply

 

Draft undertaking to be signed by Parent/s, for issue of RuPay card to minor children


Date:

To,
Mogaveera Bank
_________ Branch

Dear Sir / Madam,

Re: CONSENT FROM PARENT/LEGAL GUARDIAN FOR ISSUING “RuPay CARD” TO MINOR CHILD

I Mr / Ms____________________________do hereby give my/our consent to my/our son / daughter / ward whose date of birth is ______________ has completed the age of 14 years and hence be allowed to operate his/her account singly and be issued RuPay Card on his / her Savings Account No:________ maintained with your bank at your _______ branch, till such time that I notify in writing to the bank about withdrawal of my / our consent as aforestated.

I Mr / Ms ___________________________ further assure the bank that I shall indemnify the bank against all such losses that the bank may suffer due to issuance / use of the RuPay Card by my minor son / daughter / ward.

I am aware that relying upon what is stated above, the bank has agreed to issue the RuPay Card to my minor son / daughter / ward.

Thanking you,
---------------------- ----------------------
Singature of Parent / Legal Guardian
My Son / Daughter / Ward – Master / Kumari ______________________________
will sign as:____________________ Duly attested by Parent / Legal Guardian____________

Note: Parent / Legal Guardian will sign the form in the presence of bank official. Alternatively, self attested copy of PAN card / photo ID document of Parent/Legal Guardian is to be attached

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