Kerala Bank has announced to launch a new Vidyanidhi Scheme 2023 for children. Under this Kerala Vidyanidhi Scheme, any children studying in classes 7 to 12 can open savings bank account and make investment. In this article, we will tell you about the complete details of Kerala Bank Vidyanidhi Investment Scheme.
Kerala Bank Vidyanidhi Scheme 2023 Apply Online
Kerala Bank Vidyanidhi Scheme is an investment scheme for children. The Vidyanidhi scheme is for children studying in classes 7 to 12. This Vidyanidhi investment scheme will encourage saving habits among children and also finance their education needs, Kerala Bank said in a statement. To apply online for Kerala Bank Vidyanidhi Investment Scheme, visit the official website at
Open Savings Bank Account in Kerala Bank Vidyanidhi Scheme
Under the Kerala Bank Vidyanidhi Investment scheme, children between the ages of 12 and 16 can open a savings bank account. The benefits of the account holders include the following:-
- Free SMS alerts
- Waiver on DD charge
- Free RTGS / NEFT / IMPS services
- Priority for education loan
- Waiver on service charge
- Free ATM card
- Mobile phone banking
Various scholarships of the state and the Central governments will be channelled through the accounts. A parent of the child, preferably mother, can open a special privilege account. They will also get insurance coverage of up to Rs 2 lakh.
Premium Amount in Kerala Bank Vidyanidhi Investment Scheme
The first premium of Vidyanidhi Investment Scheme will be paid by the Kerala bank. Chief Minister Pinarayi Vijayan will inaugurate the Kerala Bank Vidyanidhi Scheme at Mascot Hotel on 29 November 2021. Cooperation and Registration Minister V N Vasavan will preside over. Education Minister V Sivankutty will deliver the keynote address. Bank president Gopi Kottamurickal, general education secretary A P M Mohammed Hanish and cooperation secretary Mini Antony will attend the launch event of Vidyanidhi Investment Scheme.