Vidhyanidhi deposit  scheme – eligibility, how to apply 

      Kerala bank introduced  a vidya nidhi deposit  scheme for school children. The eligible  students  are 12 to 16 age  (7 th to plus two)groups.  They will get Rs 2 lakhs insurance  coverage. You should open a free savings  account  from Kerala bank. They can open a savings bank account in Kerala bank. Chief minister  Pinarayi Vijaya inaugurated  this scheme.

         The main aim of this scheme is to encourage saving habits  of children and they can use their finances for educational  requirements. It gives special benefits  to the children. The vidyanidhi account holders have priority for educational loans.This scheme encourages the students to save for future,This scheme  was launched  on 29 th November 2021.

Benefits  of vidyanidhi  deposit  scheme

  • Account holders will get priority  for educational loans. 
  • They will get SMS alerts,ATM, mobile banking facilities.
  • They are waived on DD charge(up to Rs 30,000  a year and Rs 5000  a month).
  • They will get free RTGS,IMPS,NEFT facility.
  • The students  will get scholarships  offered by state and Central governments.
  • They can continue or close  their vidhyanidhi accounts after class X.
  • One parent of the child can open a special privilege account that ensures insurance  coverage up to Rs 2 lakhs.
  • First premium remitted by the bank.
  • We can register  online for this scheme.
  • The student should be a permanent citizen  of Kerala state.


  • Adhar card
  • School Identity card
  • Age proof certificate 
  • Photo
  • Residential  certificate 
  • Mobile number 

How to open vidhyanidhi account 

  • Visit the official  website. 
  • Fill the application form
  • Upload  the required  documents. 
  • The government of kerala has not announced an official  portal to apply.. After the announcement, you can apply for this scheme.

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