Banking

Can I open a bank account at 17?

Yes, you can open and operate a bank account at 17. According to RBI guidelines, minors aged 10 and above are eligible to open and manage savings accounts independently, subject to bank-defined limits. You can access facilities like ATM cards, cheque books, and internet banking, provided the account maintains a credit balance; overdrafts are not permitted. To apply, you generally need your Aadhaar card, PAN card, and a photograph. Once you turn 18, you must provide fresh signatures and KYC documents to transition the account to adult status.

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