The Reserve Bank of India (RBI) has recently revised guidelines concerning deposit accounts for minors in India, permitting individuals aged 10 and above to autonomously manage savings and term deposits, in accordance with respective bank regulations. The RBI mandates that banks facilitate a seamless transition once the account holder attains the age of 18, requiring updated Know Your Customer (KYC) documentation and account administration. This move aims to empower minors and enhance financial literacy from a young age, aligning with the RBI’s objective of promoting financial inclusion and responsible banking practices in the country. These updated guidelines are set to streamline banking operations for minors and ensure a smoother banking experience as they transition into adulthood.