Business Studies, asked by david00178, 9 months ago

Who is a minor ? can the banker open an account in the name of a minor? What precaution a banker should take ?

Answers

Answered by akifjameel180

Answer:

Age of the child

Most banks have two separate versions of accounts for minors - one for those below 10 years and another for those between the ages of 10 years and 18 years. When you open an account in the name of a child who has not yet turned 10, it has to be operated jointly with the parent or guardian.

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