Trump Accounts come with $1,000 seed deposits for babies born between 2025 and 2028. These accounts could be even more valuable if IRS rules allow a key conversion at age 18.
The bank's current account-savings account deposits increased 4% to Rs 1.39 lakh crore, against Rs 1.33 lakh crore year-on-year.
Starting in 2025, the IRS requires direct deposit info on tax returns to improve efficiency, security, and fraud prevention.