Minors can open and operate savings and term deposit accounts through their natural and legal guardian, including mothers. On ...

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

The RBI has allowed minors aged 10 and older to independently operate their own savings or term deposit accounts. This is ...

State Bank of India has decreased its fixed deposit interest rates to 6.9% from 7%, effective April 15, 2025, impacting ...

Banks have been given the flexibility to set the rules for these accounts based on their own risk management policies. This ...

Saving is important to make your future financially stable. We all make plans for the future and we have dreams to fulfil.

The Reserve Bank of India (RBI) has updated guidelines for minors' deposit accounts, allowing those aged 10 and above to ...

The Reserve Bank of India (RBI) in its latest update dated 21st April, has allowed minors aged 10 years and above to ...

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 ...

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 ...