What age to open a bank account

In India, individuals of any age can open a bank account. For minors, the operational guidelines vary based on age:

• Children below 10 years: The account must be opened and operated by a natural or legal guardian (mother or father) on behalf of the minor.
• Minors aged 10 and above: They can independently open and operate savings or term deposit accounts, subject to limits set by individual banks.
• Individuals aged 18 and above: They can open and manage standard savings accounts as adults with full banking privileges.