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Our Bureau

Mumbai, Nov. 13

Canara Bank is launching a deposit scheme for children up to 12 years on Children's Day. Called `SB Canchamp Deposit Scheme' it allows children to start a deposit with a minimum amount of Rs 100, said a press release from the bank.

On opening the account, the deposit holder will get a savings box and a personal photo folder-cum-memoir. The child will also get an education loan eligibility card. Using the card, the child can avail education loan as per the prevailing bank scheme once he or she completes HSC or plus two, the press release said.

More Stories on : Fixed Deposits | Children & Parenting | Public Sector Banks

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