login-icon
mahindra-finance-logo
login-icon
  • English
  • Hindi
  • Bengali
  • Marathi
  • Telugu
  • Tamil
  • Gujarati
  • Kannada
  • Odia
  • Malayalam
  • Punjabi
phone

Download App

Conveniently pay your EMIs, set payment reminders, view your loan details.

phone
|

Can a Deposit be placed in the name of a Minor?

mahindra-finance-author

by Mahindra Finance

|

June 22, 2023

|

1 mins read

Yes. A deposit can be placed in the name of a Minor provided He / She is represented by His / Her Natural or Legal Guardian.

The Deposits Application Form must be signed by the Natural/ Legal Guardian on behalf of the Minor.

All communication in relation to the deposit shall be addressed to the Guardian.

Related articles

Car loan fixed vs floating interest rate – Meaning and benefits

Planning to buy a car? Understanding the loan terms is crucial to make an informed choice. When you apply for a car loan, you’ll come across terms like fixed interest rate loans and floating int...

KNOW MORE

April 17, 2024

Top Success Formulas for Small Businesses

You do not need a complex solution to achieve success in business. Success comes from mastering the fundamentals of the business and understanding the point of view of the consumers. In order to run a...

KNOW MORE

June 30, 2023

Top Swaraj Series Tractors Currently Available In India 2022

When it comes to tractors, Swaraj is one of the most trustworthy and oldest brands in India. The company has been in the tractor business for decades and currently offers...

KNOW MORE

June 29, 2023