Question

Is that compulsory to start new insurance in opening of account in state bank of india?

Answer 1

These days you don't have to wait till your child turns 18 to let them experience using their own savings account as many banks have accounts aimed specifically at children.

This is all thanks to the Reserve Bank of India (RBI) allowing banks to offer savings accounts to minors above the age of 10 that they can operate themselves, back in early 2014.

Since then we have seen many banks launch or even tweak their already existing minor accounts. For instance, ICICI Bank has its Y ..  

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