Senehasa Minor FD

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• Minors’ Fixed Deposits will be opened by the Parent/ Guardian, on behalf of the child and can open any number of deposits under child’s name.
• Interest payable at Maturity or Monthly.
• Minors’ Fixed Deposits can be opened with a minimum deposit value of Rs.10,000.00.
• Monthly interest can be transferred to Minor Savings Account maintained at PLC, bank or other financial institution.
• Each Minors’ Fixed Deposits will be issued a Fixed Deposits certificate.
• Under normal circumstances closures/withdrawals will not be permitted until the minor attains Majority (18 years plus).

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