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of <h1>Minor-Age Banking Revolution: Financial Independence Unlocked for 10+ Years Old with Guardian Supervision and Strict Risk Protocols</h1> A banking regulatory authority has issued guidelines allowing minors above 10 years to independently operate savings and term deposit accounts. The new rules permit opening accounts through guardians, with specific provisions for account management, risk assessment, and banking facilities. Banks must ensure account credit balance, perform due diligence, and align policies by July 1, 2025, while maintaining appropriate risk management protocols.
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