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Watch Out For These Things When You Open A Bank Account For Your Child

Parents must look for both spending and withdrawal limits allowed for the minor's account
Parents must look for both spending and withdrawal limits allowed for the minor's account
For most adults in India, a savings bank account is the primary point of contact with the country's financial system. We open a bank account for multiple reasons, most prominent among them is to be able to save some money for sudden future needs. For children, savings accounts are usually opened by their parents but they may serve as a learning experience for them on how to manage money and save it. Nowadays, several banks offer to o...
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