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Banking For Minors Is Here, But Do We Really Need It?
Summary by ED Times | The Youth Blog
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Banking For Minors Is Here, But Do We Really Need It?
In a notable step forward, the Reserve Bank of India (RBI) recently allowed minors aged 10 years and above to open and manage their own savings and term deposit accounts. Just days later, the Deloitte Global Digital Banking Maturity Survey named nine Indian banks among 40 global digital champions in 2024. At first glance, these two headlines might seem unrelated. But they both point to one thing: India’s digital banking system is undergoing a ma…
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