New Delhi, Dec. 2 -- Trump Accounts are a new savings initiative under the One Big Beautiful Bill, designed to help American children build long-term wealth. These accounts can be created for any child under 18, with the program covering children born between January 1, 2025, and December 31, 2028.

Under the proposal, every American child born between January 1, 2025, and December 31, 2028 would be eligible for a Trump Account, provided a parent or guardian elects to open one.

Children under 18 who were born before January 1, 2025 can also participate, though this group will not receive the $1,000 government deposit.

Parents can contribute up to $5,000 per year, with annual limits indexed to inflation.

Employer contributions

Employer...