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 ...

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

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

Reserve Bank of India has issued guidelines in the past to banks on opening of and operations in the deposit accounts of ...

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

In a move to simplify and standardise rules across banks, the Reserve Bank of India (RBI) has updated its guidelines on the ...

The Reserve Bank of India (RBI) has cancelled the licence of Ajantha Urban Co-operative Bank Maryadit in Aurangabad due to inadequate capital and earnings. Consequently, the bank must cease its ...

As per the revised guidelines issued on April 21, 2025, banks can now empower minors to manage their own accounts—within ...

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

"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 ...