Can a bank account be opened for a minor?

Yes, a bank account can be opened for a minor in India. According to RBI guidelines, any child below 18 years can have a savings account. For children under 10, the account is opened and operated jointly with a parent or guardian. Minors above 10 years of age are permitted to open and operate their accounts independently, subject to bank-specific limits and risk policies. Banks may provide additional facilities like debit cards, cheque books, and net banking to these older minors to encourage early financial literacy and savings habits.