<h1>RBI Issues Guidelines for Minors Aged 10+ to Open and Manage Savings Accounts Independently.</h1> The Reserve Bank of India (RBI) has issued guidelines to promote financial inclusion and standardize the process for opening and operating bank accounts for minors. Minors aged 10 and above are permitted to independently open and manage savings accounts. Banks are allowed to set age and transaction limits based on their risk management policies and decide on the necessary documentation for account opening. Upon reaching adulthood, the account holder must confirm the account balance, and if previously managed by a guardian, new operating instructions and signatures must be provided. This information was shared by the Minister of State for Finance in a Lok Sabha session.