Whichever way they earn a few extra bucks, having a savings account for kids can offer them a convenient and safe way to store funds while teaching valuable financial lessons. With this idea in ...

In a recent development, the Reserve Bank of India (RBI) has announced that minors above the age of 10 will be able to open and operate independent bank accounts, a PTI report said.

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Early age savings and financial independence empower your child to become money-wise. RBI has issued fresh guidelines for banks regarding the opening and operation of deposit accounts by minors.

Below, CNBC Select breaks down the best investment accounts for kids, not including savings vehicles like certificates of deposit (CDs) or high-yield savings accounts. When it comes to choosing ...