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Get to know what you should be aware of when deciding to buy a car, build a house, investing for your retirement and many other activities.
Ideal for teenagers
Encourages them to take control of their savings and spending while they are young
Builds independence and financial discipline
Your child will receive an opportunity in handling cash while keeping a 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.
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.
If your child is aged above 16 and below 18 years he/she can open the Dotcom Teen Account by him/herself by providing the National Identity Card / Postal Identity Card or valid passport that contains the National Identity Card number.
If the child is aged between 10 and 16 years, the Dotcom Teen Account should be opened by a parents/guardian on behalf of the child. Parent / guardian should produce the child’s original Birth Certificate / Postal Identity Card together with the parent’s / guardian’s National Identity Card / valid Driving license /valid Passport that contains the National Identity Card number.
Dotcom Teen Account can be opened by depositing just Rs 1,000/- and they will receive a quarterly statement of account.
Withdrawals up to Rs 20,000/- per day can be made through branch counters or ATMs.
e-Statement facility - Free of charge
Mobile Banking facility - Free of charge
COM e-load facility - Free of charge
Online Banking - Registration fee and first year annual fee waived off
SMS alert facility - Registration fee waived off
Debit Card - Personalized or instant card
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 Rate ( p.a.)||Annual Percentage Rate|
|Interest paid Monthly||3.000||3.040|
Download application form and submit the filled form to any Commercial Bank branch