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The Economic Times

Economy / The Economic Times

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RBI seeks banks views on introducing education savings plan with better returns

The Reserve Bank of India is exploring a new savings product for education. Banks are discussing this proposal and will submit their recommendations soon. Rising education costs necessitate such dedicated financial planning tools. This initiative aims to help families build a corpus for school expenses. The proposed product may require new regulatory dispensations from the RBI.

13 Jul 2026 12:09 am