New Delhi, Dec. 9 -- For many kids, pocket money is their first taste of freedom and their first financial blunder. But making mistakes at Rs.100 helps them avoid making mistakes at Rs.1 lakh later. The sooner they learn, the better they will be at taking risks, being patient, and making decisions.

Let's take a look at the key investing choices for minors in India right now in this article:

A savings account is frequently the first way to teach kids about money. You may open it in the child's name, and most banks allow them to manage it independently when they reach 10. These accounts function similarly to ordinary savings accounts, although they typically have smaller limits and fewer benefits.

A parent or guardian can also create a f...