Connecting to the banking system can be done by opening a bank account with any one of the commercial banks registered under the Banking and Regulation Act of the Central Bank of the particular nation.
Any individual being a citizen of the nation can open a bank account by offering a govt. identity or a Pan card which also can differ on the basis of age criteria.
There is a provision to open a bank account for a student less than the age of 18 years so that the provision of small savings and awareness about the banking system of the country.
A minor that is below 18 years of age can present the parent's identity to the bank for KYC. KYC is Know Your Customer designed for the protection against banking fraud which helps banks to know their customers by knowing their identities.
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