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 ...

MADURAI: The Madurai Bench of the Madras High Court recently issued notice ... (RBI), among others on a Public Interest Litigation (PIL) petition filed challenging a portion of the recent ...

the Reserve Bank of India (RBI) on Tuesday issued revised guidelines allowing minors above the age of 10 to independently open and operate savings bank accounts, should they wish to do so.

FILE PHOTO: Reserve Bank of India (RBI) logo is seen inside its headquarters in Mumbai, India, April 6, 2023. REUTERS/Francis Mascarenhas//File Photo/File Photo(REUTERS) The RBI issued revised ...

as directed under the RBI’s KYC norms. The new rules will enable a minor of any age to be able to set up and operate a savings or term deposit (fixed deposit) account, with the help of their parents ...