Exams › IBPS PO › General Awareness

According to RBI regulations, what is the minimum age a child must have completed to open and operate a savings bank account independently?

1. 10 Years
2. 13 Years
3. 15 Years
4. 16 Years

Correct answer: 10 Years

Solution

RBI permits a minor who has completed 10 years of age to open and operate a savings bank account independently, subject to the bank's terms and conditions. Therefore, the correct answer is 10 years.

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