India, May 31 -- For several months, the Trump administration has been encouraging American families to establish new investment accounts for their children, and the Trump Accounts app is now officially available for download.

On Thursday, May 29, the U.S. Department of the Treasury announced the launch of the Trump Accounts app. This app, developed in collaboration with BNY and Robinhood, is currently available in app stores nationwide.

President Donald Trump established tax-deferred savings accounts for children under the age of 18 through the One Big Beautiful Bill Act (OBBBA), which was passed by Congress last summer. Certain eligible children are expected to receive initial funding of up to $1,000.

Trump Accounts have been promote...