In today’s rapidly evolving financial landscape, teaching children about money management from an early age has become more crucial than ever. A well-structured allowance policy serves as the foundation for developing financial literacy and responsibility in Indian children. With the Indian economy growing and financial products becoming more complex, equipping the next generation with sound … Read more
UPI frauds targeting young children are rising as digital payments grow. Protect your toddler with pre-commit rules, tap-to-pay disable, app locks, and daily transaction limits. Maintain spending diaries to detect fraud. The fintech industry must address the toddler-safety gap with better child protection features in payment apps. Overall we should know about how to protect … Read more
Minor KYC and account conversion when your child turns 18 is a crucial financial milestone that many Indian parents overlook until it becomes urgent. When your child reaches adulthood, all financial accounts opened in their name as a minor must undergo mandatory conversion to major status following Reserve Bank of India guidelines. This process involves … Read more
Pre-school Fee Hike: Quick Action Guide How to Challenge Unreasonable Fee Hikes: File complaints with Child Rights Commissions, document all communications, join parent groups, and reference regulations like Delhi’s Fee Act (penalties up to Rs 10 lakh for violations). School fee Appeal Letter: Write respectful requests detailing your situation, asking for fee justification, and proposing … Read more
Too many toys can overwhelm, making homes messy and children restless. Buying more toys isn’t the solution either. Toy rotation—keeping a few toys accessible while storing others—helps make play feel fresh, boosts concentration, and saves money. How to Use the Best Toy Rotation Guide for Indian Parents Effectively This guide for Best Toy Rotation Guide … Read more
Introduction India is the land of festivals, where every month brings a reason to celebrate — Diwali, Eid, Raksha Bandhan, Christmas, Onam, Pongal, weddings, or birthdays. Festivals are about joy, lights, gifts, and food, but they also bring expenses. Many families overspend during these celebrations, leading to stress, last-minute loans, or dipping into savings. But … Read more
Introduction In today’s India, digital payments have become a part of everyday life. Whether it is buying groceries or paying school fees, people prefer UPI (Unified Payments Interface) because it is fast, safe, and simple. According to NPCI reports, UPI crossed 14 billion monthly transactions in 2024, making it the most used digital payment system … Read more
Introduction The first five years of a child’s life are the most crucial for brain development, cognitive growth, and lifelong learning ability. In India, the government has launched the NIPUN Bharat Mission under the National Education Policy (NEP) 2020 to ensure that every child achieves Foundational Literacy and Numeracy (FLN) by Grade 3. For children … Read more
Introduction: Why Pocket money system for Indian children Pocket money in India is no longer just about giving kids a few rupees for snacks. It has transformed into a powerful tool for teaching financial literacy, especially in a country where only 27% of people are financially literate (NCFE data). From ₹125 in 1998 to an … Read more
This long-form guide explains the difference between a guardian-operated account and a self-operated minor account in India. It answers why the rules changed recently, what each account allows, the risks and benefits, how banks implement the rules, and what is the rbi guidelines for minors, KYC and documentation required for minor and guardian operated account, … Read more