Important: This guide is for general information and education only. It is not legal, tax, financial or investment advice. Procedures, fees, documents and eligibility rules are set by government and regulatory authorities and can change without notice. Parts of this guide are updated with the help of automated tools and may occasionally be incomplete, outdated or inaccurate. Always confirm every detail on the official website linked on this page before applying or submitting anything. 3XScale Ventures LLP is not affiliated with any government body or service provider mentioned here, does not process any application on your behalf, and is not responsible for any loss, delay, rejection or penalty arising from use of this information. If you are unsure, consult a qualified professional. Full disclaimer & terms.
At 18, move from a minor account to a regular savings account.
What it is
A savings account in your own name is where every investment takes money from and returns money to.
Why it matters
Turning 18 means you can hold and operate your own account. A minor account you had as a child usually needs to be converted or replaced.
How to do it
- Convert a minor account to a regular one (your bank will re-do KYC), or open a fresh account online or at a branch.
- If unsure, pick a zero-balance or low-minimum-balance savings account.
Documents you need
- PAN, Aadhaar and a photo.
How long it takes
Same day to a few days.
Common mistakes to avoid
- Leaving an old minor account as-is.
- Not checking the minimum-balance rule and paying penalties.
- Sharing your login, OTP or debit-card details with anyone.
Official sources — always confirm the latest here before you apply:
Last verified on 18 Oct 2026. Last updated on 18 Oct 2026.
Important: This guide is for general information and education only. It is not legal, tax, financial or investment advice. Procedures, fees, documents and eligibility rules are set by government and regulatory authorities and can change without notice. Parts of this guide are updated with the help of automated tools and may occasionally be incomplete, outdated or inaccurate. Always confirm every detail on the official website linked on this page before applying or submitting anything. 3XScale Ventures LLP is not affiliated with any government body or service provider mentioned here, does not process any application on your behalf, and is not responsible for any loss, delay, rejection or penalty arising from use of this information. If you are unsure, consult a qualified professional. Full disclaimer & terms.
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