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

How Is The Electrical Industry Powering Economic Development?

Introduction The electrical industry in India is a crucial sector that contributes significantly to the country’s economic growth. With its wide range of businesses, from multinational corporati...

KNOW MORE

April 22, 2024

How To Get A Start-Up Business Loan? 

Starting a new business can be an exciting and challenging endeavor. One of the key factors that contribute to the success of a start-up is access to adequate funding. While there are various sources ...

KNOW MORE

February 5, 2024

Top-6-Ways-To-Boost-Your-MSME-Loan-Eligibility

Top 6 Ways To Boost Your MSME Loan Eligibility

Introduction Securing an MSME loan is a significant step for small and medium-sized enterprises looking to scale or sustain their operations. By enhancing your SME loan eligibility, you can unlock mor...

KNOW MORE

July 1, 2024