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Savings bank account for children: Know the latest RBI rules
![IndiaTimes]()
Wednesday, 23 April 2025
RBI's new guidelines empower minors to manage finances, allowing those above 10 to independently operate accounts with bank-set limits. Accounts can be opened by any minor through a guardian, including the mother. Banks may offer internet banking and debit cards based on risk assessment. Upon reaching adulthood, updated account details are required, ensuring a smooth transition and continued financial responsibility.
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Wednesday, 23 April 2025
