Vibe Savings Account
A range of tailor made facilities designed for youth.
Calculated daily & paid monthly
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You can open an Arunalu Account on behalf of any child from an infant to 18 years of age.
Cash prizes of Rs 10,000/-, Rs 7,500/-and Rs 5,000/-will be awarded to the Arunalu Account Holders who have gained the 1st, 2nd and the 3rd highest marks in each school at the Year 5 Scholarship Examination.
Minimum balance of Rs. 5,000/- should be maintained in the Arunalu Account prior to the date of the Examination.
Minimum initial deposit – Rs 100/-.
All new Arunalu Accounts opened with an initial deposit of Rs 1,000/- or above will be provided with a Beato till free of charge.
To open an account please collect an Arunalu Children's Savings Account opening form, from your nearest Commercial Bank branch or download it from below, complete the form and hand it in with the original birth certificate of the child together with a photocopy. The original birth certificate will be returned to you. Remember to take your National Identity Card, driving license or valid passport that contains your National Identity Card number. This is important for us to identify you and ensure your account’s security.
Interest Rate (p.a.)
Annual Percentage Rate
|Interest paid Monthly||4.00||4.07|
The total balance in the Arunalu Children's Savings Account can be withdrawn, on and after the 18th birthday of the child. It can also be transferred to one of our other deposit products such as Regular Savings Account, Power Bonus Account, Vibe Youth Account, Anagi Women’s Savings Account, Flash Digital Bank Account, Super Saver Account or a Fixed Deposit.
All Applications are available in PDF format. Download and submit duly completed application to the nearest Commerical Bank branch to fulfill your requirement.
|Arunalu Children's Savings Account||Download|
Product information and terms & conditions are subject to change from time to time.Therefore, it is advisable to contact the branch nearest to you for the latest information and prevailing terms & conditions.
Please feel free to use our Product Enquiry Form. Our representatives will get in touch.