New Born Savings Account
- A scheme put in place by the Government of Seychelles, exclusive to Seychelles Commercial Bank.
- Parents of new-born babies are issued with a voucher of SCR 1,000 at the hospital, which must be presented to the Bank by the child’s parent/guardian to open an account for the child within a year from birth.
- If the account is not opened within the designated time frame, the voucher will be annulled.
- The voucher is not transferrable nor redeemable.
- No withdrawal is permitted on the account
- Account to be transferred to minor upon reaching 18 years of age
- A valid ID or Valid passport for parent/guardian & child
- Proof of Address
- A recent proof of income (Payslip)
- Can be opened with voucher only
- Birth Certificate of child/ legal documentation of guardianship