{"id":17712,"date":"2026-08-09T04:04:08","date_gmt":"2026-08-09T04:04:08","guid":{"rendered":"https:\/\/jupiter.money\/blog\/how-to-open-a-savings-account-for-your-child-minor-account-and-teach-money-habits-2026\/"},"modified":"2026-08-09T04:04:09","modified_gmt":"2026-08-09T04:04:09","slug":"savings-account-for-child","status":"publish","type":"post","link":"https:\/\/jupiter.money\/blog\/savings-account-for-child\/","title":{"rendered":"How to Open a Savings Account for Your Child (Minor Account) and Teach Money Habits (2026)"},"content":{"rendered":"\n

Short answer:<\/strong> A minor savings account is a bank account opened for a child under 18, operated by a parent or guardian (older children can sometimes operate it themselves with limits). It is easy to open with the guardian’s KYC and the child’s proof of age. Beyond saving for your child’s future, it is a wonderful tool to teach them money habits early, and the account converts to a regular account when they turn 18.<\/p>\n

Opening an account for your child is a small step with a big payoff, both financially and in the money lessons it teaches. Here is how.<\/p>\n

What is a minor savings account?<\/h2>\n

A minor savings account is a savings account in a child’s name<\/strong>, opened and typically operated by a parent or legal guardian on the child’s behalf. It works like a regular savings account, offering interest and safe savings, but with features suited to a minor, such as limits on transactions and no overdraft.<\/p>\n

Older children (often above 10, depending on the bank) can sometimes operate the account themselves within set limits, which makes it a great hands-on learning tool.<\/p>\n

How to open a minor account<\/h2>\n
\"How<\/figure>\n

The process is straightforward:<\/p>\n

    \n
  1. Choose a bank and account type.<\/strong> Compare children’s account options and their features.<\/li>\n
  2. Gather the documents.<\/strong> You will typically need the guardian’s KYC<\/strong> (PAN, Aadhaar) and the child’s proof of age and identity<\/strong> (birth certificate or Aadhaar), plus photographs. Requirements vary by bank.<\/li>\n
  3. Complete the application<\/strong> as the guardian, linking the account to yourself.<\/li>\n
  4. Fund and start using it<\/strong>, within the account’s limits.<\/li>\n<\/ol>\n

    Because a guardian is involved, the process is a little more document-heavy than a regular account, but it is quick.<\/p>\n

    Key features to know<\/h2>\n