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Private sector lender ICICI Bank on Wednesday launched a savings account for minors above 10 years of age.
The account will offer a personalised cheque book and a debit card with a picture of his or her choice, the bank said in a statement.
"We are pleased to offer the Smart Star account, which allows minors to operate their accounts independently. This will help to inculcate a habit of saving and responsibility of spending wisely," executive director Rajiv Sabharwal said.
Minors will be able to undertake various banking transactions including issuing cheques, paying bills, recharge mobile phones, open fixed deposits and recurring deposits, among others.
