Kerala Bank Vidyanidhi Scheme 2023 for Children - How to Apply & Benefits

Kerala Bank Vidyanidhi Scheme 2023 for Children - How to Apply & Benefits: The Kerala Bank has recently unveiled its latest scheme, the Vidyanidhi Scheme 2023, aimed at empowering children. This unique scheme allows students from classes 7 to 12 to open savings bank accounts and make investments. In this article, we will provide you with comprehensive information about the Kerala Bank Vidyanidhi Investment Scheme, including its key features and benefits.

Kerala Bank Vidyanidhi Scheme


Kerala Bank Vidyanidhi Scheme 2023 Apply Online

The Kerala Bank has introduced the Vidyanidhi Scheme, a unique investment program designed exclusively for children. This scheme is specifically aimed at students in classes 7 to 12, with the primary objective of promoting saving habits and providing financial support for their educational needs. The Kerala Bank emphasized the importance of this scheme in a statement, highlighting its potential to foster financial literacy and responsibility in young minds.

For those interested in applying for the Kerala Bank Vidyanidhi Investment Scheme, the process can be completed online through the official website at This user-friendly platform offers a convenient and efficient way to access the scheme and its benefits. Parents, guardians, and children can use this opportunity to invest in their future and secure a brighter tomorrow through the Kerala Bank Vidyanidhi Scheme.

The Kerala Bank Vidyanidhi Investment Scheme allows children in the age group of 12 to 16 to open a savings bank account, with a host of benefits available to the account holders, including. 

1) Free SMS alerts
2) Free RTGS / NEFT / IMPS services
3) Waiver on DD charge
4) Waiver on service charge
5) Free ATM card
6) Priority for education loan
7) Mobile phone banking

Through the Kerala Bank Vidyanidhi Investment Scheme, savings bank accounts opened for children aged 12 to 16 can serve as channels for various scholarships offered by the state and central governments. A special privilege account can be opened by a parent, preferably the mother, which will also provide insurance coverage of up to Rs 2 lakh.

Eligibility for Kerala Bank Vidyanidhi Scheme

1) To be eligible for the Kerala Bank Vidyanidhi Investment Scheme, students must have permanent residence in the state of Kerala. 
2) Scheme is exclusively available for students between the ages of 12 to 16 years.

Documents Required

1) Aadhar card
2) Passport size photo
3) Mobile number
4) Residential certificate
5)Age proof certificate
6) School Identity card

Premium Amount in Kerala Bank Vidyanidhi Investment Scheme

The Kerala Bank will cover the initial premium for the Vidyanidhi Investment Scheme. The official inauguration of the scheme will take place at Mascot Hotel on 29th November 2021, with Chief Minister Pinarayi Vijayan as the guest of honour. The event will be presided over by Cooperation and Registration Minister V N Vasavan, and Education Minister V Sivankutty will deliver the keynote address. The launch event will be attended by Bank President Gopi Kottamurickal, General Education Secretary A P M Mohammed Hanish, and Cooperation Secretary Mini Antony, among others.

Kerala Bank Vidyanidhi Scheme 2023 for Children

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