{HELP} If we want to close bank account of someone who turns from minor to major
Hi there
Suppose a person is having a bank account as a minor, under a guardian, now suppose the person turns more than 18, but he want to close his account.
Is it compulsory to first transfer the account to Major from Minor .
Is there any rule as per RBI or what..
Please reply ASAP
Any kind of help is appreciated.
#-Link-Snipped-# Sir, could you help in this regard?
Suppose a person is having a bank account as a minor, under a guardian, now suppose the person turns more than 18, but he want to close his account.
Is it compulsory to first transfer the account to Major from Minor .
Is there any rule as per RBI or what..
Please reply ASAP
Any kind of help is appreciated.
#-Link-Snipped-# Sir, could you help in this regard?
Replies
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Sanyam Khurana#-Link-Snipped-# #-Link-Snipped-# any help?
-
Kaustubh KatdareLooks like you'll have to contact the bank. I've absolutely no clue.
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Harshad Italiya
Sorry, I also have no clue about such rules.Sanyam Khurana#-Link-Snipped-# #-Link-Snipped-# any help? -
Anoop KumarNever been in this situation.
Here is SBI faq on when child reached to 16years:
#-Link-Snipped-#
see: For Jumbo Junior Instant Access Account -
Sanyam KhuranaWell, as per my knowledge bank like Canara Bank (particularly Govt. one ) have no such rules.
HDFC bank is simply harassing me for such stuff...
I'm really very disappointed with their service. -
Sanyam KhuranaOne more thing, after closing one account, I was issued Manager's cheque, then later, after I submit it another bank, the cheque was bounced.
Obviously I was penalized. Could I do something regarding this, and get my penalty back too. -
Nayan GoenkaOnce you become major, you automatically become the sole authority of the account unless it was a joint account. The guardian protection wears off. You can just go to the bank and ask to close the account.
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Sanyam Khurana
But I think the same account in converted to Major. I did with my other bank.Nayan GoenkaOnce you become major, you automatically become the sole authority of the account unless it was a joint account. The guardian protection wears off. You can just go to the bank and ask to close the account.
But HDFC says, that this account would be closed and my account no. would also be changed.
Plus, I want to close my account, then why should we anyway upgrade it to a major account . -
Nayan Goenkait automatically upgrades. In minor account, your guardian is also your signatory. Once you cross your 18, you give an application saying I am adult now, treat it as major. So you become authorized signatory and the guardian is out of picture. Then you can do anything you want. Its not upgrading or anything. Just changing the signatory stuff.
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