The Reserve Bank of India (RBI) has introduced new guidelines that empower minors in managing their finances, allowing those aged 10 and above to independently operate bank accounts with limits set by the bank. Minors can open accounts with the help of a guardian, which can even be their mother. Depending on the risk assessment, banks may provide internet banking and debit cards to minors. When the account holder reaches adulthood, updated details are necessary to ensure a seamless transition and ongoing financial responsibility. This move by the RBI aims to promote financial literacy and independence among young individuals in India, enabling them to learn about managing money from an early age. It also provides a practical way for parents to teach their children about financial planning and responsibility. By implementing these new guidelines, the RBI is taking a significant step towards empowering the youth of India to become financially savvy individuals in the future.