Junior Savings Account

Mahesh Junior Savings Bank Account

Children with age group of day 1 up to 18 years are eligible to open this account. Once the child attains the age of 18 years it will be converted to normal Saving Bank Account.


  • Minimum Initial Deposit for Balance (without cheque book facility) – Rs.100/-
  • Maximum there is no limit.
  • Daily Withdrawal Limit Rs. 2000.00
  • Free Collection of Cheques up to Rs. 15000.00 per annum.
  • Free Collection of Cheques pertaining to Scholarship without any limit.
  • Minors over the age of 10 years are authorized to operate the account independently and  will be provided with cheque book facility.

Basic Savings


No Minimum Balance, No initial deposit to open the account.

No restrictions like Age, Income Criteria for opening BSBD Account.

All provisions of KYC, AML, PML are applicable.

Passbooks are given free.

Maximum of Four withdrawals in a month including ATM withdrawals;

RuPay ATM Cum Debit Card with Accidental Insurance of Rs. 1.00 Lac free

No charges for all the above facilities



The Hon’ble Prime Minister in his Independence Day Speech on 15th August, 2014 announced a comprehensive program of Financial Inclusion targeting the large number of people who are currently deprived of even rudimentary financial services. The PradhanMantri Jan DhanYojana (PMJDY) sets out to provide a basic Bank account to every family who till now had no account.