In a major change in its guidelines for opening and operating of bank accounts and other banking services by minors, the ...

a. Minors of any age may be allowed to open and operate savings and term deposit accounts through his/ her natural or legal guardian. They may also be allowed to open such accounts with mother as ...

Mumbai, Apr 21 (PTI) The Reserve Bank on Monday permitted banks to allow minors above the age of 10 years to open and operate ...

A look at the potential taxation landscape Bitcoin holders could have to deal with in 2025 with looming changes on the ...

The banks will have to ensure that accounts of minors, whether operated independently or through a guardian, are not allowed ...

The Reserve Bank on Monday permitted banks to allow minors above the age of 10 years to open and operate savings/ term ...

"Minors above such an age limit not less than 10 years and up to such amount and such terms as may be fixed by the banks ...

Earlier, while minors were allowed to open savings account only, now they can open both savings and term deposit accounts.

Reserve Bank of India (RBI) permits minors above 10 years old to operate bank accounts independently. This new rule allows ...