Passbook and Bank Statements

• Guardians can request a physical passbook for transaction updates.
• Regular bank statements can be collected from the branch or sent by post.
• Statements show all deposits, withdrawals, and interest credits.
• Frequency of updates can be monthly or quarterly, as chosen.
• Some banks allow combined guardian–minor statements for easier tracking.

SMS and Email Alerts

• Guardians can register their mobile number and email ID with the minor’s account.
• Real-time alerts are sent for every transaction and balance change.
• Notifications include details like amount, time, and transaction type.
• Helps detect unauthorized or irregular account activities.
• Banks may provide alert services free or at a nominal fee.

Mobile and Internet Banking Access

• If permitted, guardians can access the account through mobile banking apps or net banking portals.
• Online access enables viewing balances, mini statements, and transaction history.
• Some banks offer restricted or view-only access for minor accounts.
• Login credentials are provided to the guardian, not the minor (unless age 10+ with special permission).
• Services depend on the bank’s policy and guardian’s request.

Transaction Limits and Controls

• Banks impose limits on withdrawals and transfers for minor accounts.
• Guardians can set additional limits or usage restrictions on ATM and online services.
• Pre-authorization may be required for certain types of transactions.
• Some banks allow blocking or suspending features if misuse is suspected.
• Controls ensure secure fund usage for the minor’s benefit.

Periodic Review and Updates

• Guardians are encouraged to review account activity regularly.
• Any suspicious or incorrect entry must be reported to the bank immediately.
• Banks may offer quarterly reviews or summaries on request.
• Account settings, alerts, and access can be updated at any time.
• A proactive approach ensures safe and purposeful use of the account.