FOR INDIA'S BEST CA CS CMA VIDEO CLASSES CALL 9980100288 OR VISIT HERE
Take This Quiz & Predict Your Score in the coming CA CS or CMA Exam!
  • How important it is for you to pass the exam in this attempt?
  • What percentage of course you have finished well so far roughly?
  • How many hours you study in a day?
  • How many times you have revised the topics you have finished
  • Have you taken online or pen drive or live class from a renowned faculty?
  • What percentage of the classes you have watched?
  • Have you attempted mock tests or practice tests yet?
  • Are you planning to attempt mock tests conducted by external bodies- ICAI, ICSI, ICMAI or other institute?
  • How many tests you have taken?
  • Did you manage to finish the test papers on time?
  • Are you strictly following study material provided by the exam conducting authority such as ICAI/ICSI/ICMAI/Other Body?
  • How is your health in general?
  • How is your food habit?
  • Any interest in yoga or exercise or play sports regularly?
  • Planning to sleep well nights before the exams?
  • Planning to have light food and water before exams?

Minor Bank Account – Complete Details

Minor Bank Account – Complete Details

Recently I have come across an incident by which I realized that many parents in India are not aware that their children who are of 10 years above can open a Bank account without any assistance from guardian or parents.

To boost financial inclusion, the Reserve Bank of India had allowed minors to open a bank account . This notification was released in last year.

As per this notification Children older than 10 years will no longer need the help of their parents or guardians to open and operate a savings bank account.

It is left to the Banks whether to offer additional banking facilities like internet banking, ATM/ debit card, cheque book facility etc., subject to the safeguards that minor accounts are not allowed to be overdrawn and that these always remain in credit

with a view to promote the objective of financial inclusion and also to bring uniformity among banks in opening and operating minors’ accounts, banks were given permission to allow minors to open accounts on their own.

Banks were allowed to do the following :

1.Banks can , keeping in view their risk management systems, fix limits in terms of age and amount up to which minors may be allowed to operate the deposit accounts independently.

2.Banks can also decide, in their own discretion, as to what minimum documents are required for opening of accounts by minors.

On attaining majority :

On attaining majority, the minor should confirm the balance in his/her account and if the account is operated by the natural guardian / legal guardian, fresh operating instructions and specimen signature of minor should be obtained and kept on record for all operational purposes

Minor Bank Account – Complete Details

RULES UNDER COMPANIES ACT 2013

At CAKART www.cakart.in you will get everything that you need  to be successful in your CA CS CMA exam – India’s best faculty video  classes (online or in pen drive) most popular books of best authors (ebooks hard copies) best scanners and all exam related information and notifications.Visit www.cakart.in and chat with our  counsellors  any time. We are happy to help you make successful in your  exams.

www.cakart.in.

www.cakart.in.

Click here to download FREE CA CS CMA books.

Leave a comment

Your email address will not be published. Required fields are marked *