ICICI Bank launches Children’s Account

ICICI Bank, India's second largest bank and the newest entrant to Sri Lanka’s banking industry recently launched its children’s savings account scheme, titled “Young Stars.”

Naveen Agarwal, Country Head, Sri Lanka, ICICI Bank, said ‘Young Stars’ is a unique savings account tailored to suit the banking requirements of children.

“The Young Stars account allows children up to the age of 18 years, to learn and manage their finances, while the account is operated and monitored completely by their parents. While it will help parents save for their child, it will concurrently enable parents guide their children through the world of banking,” he said in a press release.