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

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

The Rise Of Online FDs: A Guide To Investing In Fixed Deposits Online

In today’s digital age, convenience is key. From shopping to banking, everything is just a click away. And now, even investing in fixed deposits (FDs) has become easier with the advent of online...

KNOW MORE

February 23, 2024

Planning For Education: Using Fixed Deposits To Fund Your Child’s Future

In today’s competitive world, providing quality education to our children is of utmost importance. However, the rising costs of professional and international courses can pose a significant fina...

KNOW MORE

February 23, 2024