New Delhi, May 18 -- If you are a parent and looking for smarter ways to teach your children the value of saving, there are several banks that offer zero balance savings accounts designed especially for minors. These accounts often come with parental controls, debit cards, mobile banking access and spending limits.

These offerings are aimed at helping children manage their pocket money while learning basic financial habits early in life. Parents can open these accounts on behalf of their children and deposit pocket money, cash gifts received from relatives and friends, or prize money into them.

Here are five major banks in India that are currently offering zero balance savings accounts for kids:

1. Kotak My Junior Account - Kotak Mahin...