Requirements for Opening a Kid's Account

Requirements for Opening a Kid's Account


The following are the requirements to open a account for a Child. 

Children Below 10 Years
Maldivian

  1. Application form set
  2. NID card of the Child
  3. NID of mother / father / legal parent
  4. Mandate form for both mother and father want to become signatories
  5. Signing instructions

Children Between the age of 10 and 18
Maldivian

  1. Application form set
  2. NID card of Child
  3. Birth Certificate of Child
  4. NID of mother / father / legal parent
  5. Mandate form for both mother and father want to become signatories
  6. Signing instructions
Foreign Children below the age of 18
Foreigners
  1. Application form set
  2. Passport (Original)
  3. Visa card (Original) if issued
  4. Birth Certificate
  5. Passport (Original) of father / mother / legal parent
  6. Work permit (Original) / Marriage visa card (Original) of mother / father / legal parent
  7. Mandate form for both mother and father want to become signatories
  8. Signing instructions 

Important Information on Kids Accounts

  1. Age should be below 18 years
  2. Mother, Father, or the Legal guardian’s NID copy is mandatory
  3. Initial amount is MVR 100 or USD 10 (Blocked amount is also the same)
  4. Kids Savings Account and Kaamiyaabu Kids Account
  5. Not Eligible for Debits Cards and Cheque Books
  6. Withdrawal from Branch only
  7. Possible to link to Parent's Internet Banking account for viewing and monitoring purposes.

 






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