When making kids financially smart, the key is to start teaching them early and be consistent. A kid’s savings or minor savings account is a step in that direction because it teaches children to save money. This helps them to understand the basics of banking. You can also have a 0 balance account open online for your kids that offers lots of benefits. Once you open kids saving account for your child, along with this opening UPI account will be more helpful for them. Continue reading to learn more about your kid’s savings accounts.