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Home News Feed Advisory

Want to open a savings account for your child? Know the RBI rules

FinanceLaneby FinanceLane
April 22, 2025

Banks are free to offer additional banking facilities like internet banking, ATM/ debit cards, cheque book facility, etc., to minor account holders based on their risk management policy, product suitability and customer appropriateness.

These facilities can be extended based on the bank’s risk policy, product suitability, and customer appropriateness evaluations.

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