The Times of India

From Baal Aadhaar to SIP: CA shares 4 financial moves every new parent should make immediately

Parents should establish financial building blocks soon after a newborn's arrival. Obtaining a Baal Aadhaar facilitates school admissions and government schemes. Applying for a Minor PAN card simplifies future financial procedures and investments. Opening government savings accounts like SSY and PPF secures long-term child wealth. Starting an SIP, even with small amounts, builds significant future financial independence.