Opening of and operation in deposit accounts of minors: The minors of any age can open savings and term deposit accounts through their natural or legal guardian, including their mother. Minors above 10 years can independently open and operate such accounts within limits set by individual banks based on their risk management policies. Banks have the discretion to offer additional facilities like internet banking and debit cards to minor account holders. The minor accounts, whether independently operated or through a guardian, cannot be overdrawn and must maintain a credit balance. Banks are required to conduct customer due diligence as per KYC guidelines for all minor accounts. (RBI Notification 26/2025 Dated 21/04/2025)