21
Apr
Mumbai, April 21, 2025 — In a significant move aimed at encouraging financial literacy among the youth, the Reserve Bank of India (RBI) has issued new guidelines allowing minors above the age of 10 to operate their bank accounts independently.The circular, released on Monday, directs all commercial banks to enable children in this age group to manage their accounts without the need for parental or guardian signatures. This policy aims to promote early financial discipline and equip children with the tools to understand banking and money management from a young age.Under the revised guidelines, banks are instructed to put in…