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

Overcoming-financial-hurdles-Personal-loans-for-medical-emergencies

Emergency Personal Loans For Medical Needs -Overcoming Financial Hurdles

Medical emergencies can be financially draining, especially when they occur unexpectedly. The rising cost of healthcare often leaves individuals struggling to arrange funds for necessary treatments. I...

KNOW MORE

July 2, 2024

Powerful Bending Machines and How Mahindra Finance Can Help You Get One.

In the realm of metalworking, few machines inspire awe quite like the bending machine. Witnessing its powerful jaws effortlessly transform rigid sheets into intricate curves is nothing short of mesmer...

KNOW MORE

February 14, 2024

How-to-use-credit-score-to-your-advantage-&-make-better-financial-decisions

How To Use Credit Score To Your Advantage & Make Better Financial Decisions

Your credit score is a powerful financial tool that can significantly impact your life. It determines your eligibility for loans, credit cards, and other financial products. However, understanding how...

KNOW MORE

June 28, 2024