The Reserve Bank of India (RBI) has recently revised its guidelines for minors’ deposit accounts in India, permitting individuals aged 10 and above to autonomously manage savings and term deposits within the framework of bank regulations. The RBI mandates that banks facilitate seamless transitions when the account holder turns 18, requiring updated Know Your Customer (KYC) details and account administration. This move aims to empower younger individuals to take control of their finances early on and develop responsible saving habits. The updated regulations provide a significant opportunity for minors to gain financial literacy and independence at a younger age while ensuring compliance with banking protocols. It is essential for banks to adhere to these new guidelines to support the financial growth and education of young depositors effectively.