The Reserve Bank of india recently issued guidelines allowing minors over 10 years of age to operate bank accounts independently with a view to :

  • Promote Financial inclusion
  • Increase low-cost deposits of banks
  • Improve CASA percentage of banks
  • Mobilise Savings Bank Deposits of banks
  • Put ATMs and other infrastructure to optimum use

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The Reserve Bank of india recently issued guidelines allowing minors over 10 years of age to operate
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