Government’s step towards Kids financial literacy

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Government’s step towards Kids financial literacy   This Facility will be available in Banks from 1st July 2025 , so must visit banks and help your children to open their banks accounts ✔️ . . . . . [ Kids banks account , Kids education, personal finance, kids finance, Banking rules ]

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00:00If you have children in your house, you should know about this new banking rule.

00:04In the first time, children from 10 years old can open their bank account for 10 years.

00:11This is very important to know these 5 points.

00:13First point, children can open their savings or term deposit account.

00:18Second point, minus digital banking, such as net banking, ATM services and debit card.

00:23Third point, is not overdraft allowed.

00:25This means there is no negative balance.

00:28Second point, number 4.

00:29Just as a child is 13 years old, they will update some details and this minor account will be converted to adult account.

00:34Fifth point, this facility will start 1 July 2025.

00:39Share this video with all parents so that they can grow their children.

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