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Dotcom Teen Account

Savings account for the
teens of today

Our Dotcom Teen Account is the coolest most up-to-date way of introducing the habit of saving to your 10 to 18 year olds.



 

The Essentials

  • Ideal for teenagers

  • Encourages them to take control of their savings and spending while they are young

  • Builds independence and financial discipline

 

 

Benefits of Dotcom Teen Account

Your child will receive an opportunity to manage his or her own finances while keeping track of all banking transactions. Teaching them responsibility and financial management.

They will receive a personalised Dotcom Debit card, to gain fast, convenient and 24 hours x 7 days a week, access to their account from anywhere, through the ATMs belonging to the Cirrus or Visa networks island wide.

The Dotcom Debit Card can be used for online purchasing as well as to make payments.

Your child can apply for Educational Loans at a lower interest rate and apply for their own Commercial Bank Credit Card on reaching 18 years of age.

They are also entitled for Online Banking, Mobile Banking, COM Re-Load and e-Statement / e-Passbook services, free of joining fee (Annual fee will be applicable for Online Banking facility ).

 

Account opening process

To open an account please collect a Dotcom Teen Account mandate, from your nearest Commercial Bank branch or download it from this link, complete the form and hand it over to the branch. We will require the child’s national identity card, postal identity card or a photograph certified by the school principal, at the time of opening the account.

Dotcom Teen Account can be opened by depositing just Rs 1,000/- and they will receive a quarterly statement of account.
 

Withdrawals

Withdrawals up to Rs 20,000/- per day can be made through branch counters or ATMs.



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.

Interest Rates

Interest Rate ( p.a.) Annual Percentage Rate
Interest paid Monthly 4.500 4.590

Open an account

Who can open accounts

  • You can open accounts for children within the age of 10 years to 18 years 
  • Parents or the guardian of a child can open an account for the child

 

What you need to bring

  • Child’s national identity card, postal identity card or a photograph certified by the school principal
  • Dotcom Accounts can be opened with a minimum deposit of Rs 1,000/-

How to apply

Download application form and submit the filled form to any Commercial Bank branch

Apply now

Download