Banking Rules: Can a bank account be opened for 10 year old children? Know what the rule says
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Banking Rules for Minor Account: Can children aged 10 years take advantage of banking services? What rules have been made regarding this? In this episode, let us know what are the rules of RBI regarding opening the account of children aged 10 years?
In today’s era of rising inflation, it is important to explain to children the importance of money and savings. Along with this, it is also necessary to introduce them to banking. After developing an understanding, the sooner the children learn all these things, the better it will be for them. In this episode, many parents often have a question whether a bank account can be opened for 10-year-old children? Can children aged 10 years take advantage of banking services? What rules have been made regarding this? In this episode, let us know what are the RBI rules regarding opening an account for children aged 10 years?
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