......."We don't have the culture, the environment that RBI wants to inculcate in children. Parents nowhere will want to relinquish the control they have over their child's expenses. The current joint account products more than suffice this requirement. Moreover, the situation in developed countries, where children leave home at a very young age and need their own account, isn't the same here as most minors stay with their parents till at least they're 18," ........
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