Thursday, May 8, 2014

Minor of 10year above can have Saving Bank account independently : RBI

Once again RBI has charged the scene of Indian banking system and taken a remarkable step which allow minor age above 10 years can operate saving bank account independently
RBI has issued this guideline to all bank which state that a minor above age 10 year can be allowed to avail the facility of saving bank account independently.A minor can have facility like ATM,Debit card and net banking facility also but no overdraft is allowed