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

Credit Card Against FD (fixed deposit) How To Get An FD Credit Card

Are you looking to get a credit card but worried about your lack of credit history? Don’t fret! There’s a solution that can help you secure a credit card even without a credit score. It...

KNOW MORE

April 25, 2024

How Much To Spend On A Car In India: A Practical Guide

Introduction Are you dreaming of buying a new car in India? Purchasing a car is a significant financial decision, and it’s essential to determine how much you should spend on this depreciating a...

KNOW MORE

April 17, 2024

A Layman’s Guide to Mutual Funds

Mutual Funds may sound complicated but are easy to understand. It’s a lucrative platform where you can safely invest your money. Let us dive into its basics and discuss numerous Mutual Fund Inst...

KNOW MORE

June 30, 2023