India, Aug. 25 -- Helping children understand the value of money is a gradual process that begins with simple financial habits. Encouraging them to save regularly instead of spending immediately can shape responsible behaviour from an early age. A minor bank account, together with a suitable savings account, provides parents with a practical way to introduce children to organised saving and basic banking concepts under appropriate supervision.

Children are more likely to develop lifelong habits when they practise them consistently. Saving small amounts on a regular basis teaches that financial progress comes through patience rather than large one-time deposits.

The table below shows how everyday saving activities contribute to long-term...