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

mahindra-finance-author

by Mahindra Finance

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June 22, 2023

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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.

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