The Reserve Bank of India has introduced new guidelines that empower minors in managing finances, enabling those aged 10 and above to autonomously operate accounts with predetermined limits set by banks. Minors, with the assistance of a guardian or even their mother, can open these accounts. Banks have the discretion to provide additional services such as internet banking and debit cards after conducting a risk assessment. As the minor reaches adulthood, updated information for the account is necessary to facilitate a seamless transition and ensure ongoing financial accountability. This move by the RBI aims to promote financial literacy and responsibility among the younger population, offering them a head start in managing their finances.