Soon Minors can open bank account and operate it independently. The Reserve Bank of India on 20.05.2014 issued guidelines allowing minors above 10 years to operate bank accounts independently in order to promote financial inclusion and bring uniformity in opening of such accounts in banks. So we can expect competitive calls from banks for this segment. Earlier the central bank had permitted minors to open fixed and savings deposit bank account with mothers as guardian. Modifying its guidelines, the RBI said all minors can now open a savings, fixed and recurring bank deposit account through either his or her natural guardian or legally appointed guardian. Banks may fix limits in terms of age and amount up to which minors may be allowed to operate the deposit accounts independently. Further Banks are free to decide minimum documents which are required for opening of accounts by minors and also offer additional banking facilities like Internet banking, ATM/debit card and cheque book facility.