Day: April 22, 2025

Apart from through guardian route–[1] minors of 10 and above — can also be allowed to open and operate savings/ term deposits independently if they wish [ and these terms must be clearly conveyed to the account holder [2] each bank will devise its risk management policies and banks are allowed to offer additional banking facilities such as internet banking — ATM/debit cards – cheque book etc –of course it also depends on risk management policies of concerned bank–product suitability and customer appropriateness – Courtesy BusinessLine

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