Features
A higher interest rate will be offered for your child than the rate offered for Regular Savings Accounts
Account holders will receive special cash prizes if they score 1st, 2nd and 3rd highest aggregate marks in the school at Year 5 Scholarship Examination.
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.
Eligibility
You can open an Arunalu Account on behalf of any child from an infant to 18 years of age.
Parents or the guardian of a child can open an account for the child
Documents Needed
Original birth certificate of the child together with a photocopy
National Identity Card, Driving License or Passport of the parent or the guardian
Terms & conditions apply
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.