New Delhi, June 9 -- Students are quickly becoming financially responsible individuals by managing their own tuition payments and offsets after their courses or school houses as well as everyday spending. It is then that parents look for safe and effective ways of educating their children on financial responsibility. However, parents need to comprehend the nuances before plunging into it.

Here is a complete guide to parents in the year of 2025 in introducing them to the understanding of how student add-ons and cards work, for it offers descriptions of their advantages and how to apply.

The card issued in the students' names has the same credit limit under the primary account to which it belongs and is mainly issued on behalf of a studen...