Can a minor get online transaction rights in SBI?

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 preetham asked almost 4 years ago

Can a minor get online transaction rights in SBI?

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2 Answers
Data?1494421730 rohit awasthi answered almost 4 years ago

the Internet Banking facility shall not be made available to the minor. the natural guardian of the minor shall be permitted to use Internet banking with only ‘Limited Transaction’ rights but bank not permit to use internet id to minor if natural guardian gave such permission so he is responsible for minor's act.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 CHITRANJAN AGARWAL answered almost 4 years ago

Dear Preetham, when minor open a saving bank accounts in any bank than he have all right like others. so if any minor account holder want to use net banking than he can apply for net banking and after obtain net banking he can make online transaction through login i and password. So, yes, minor can use net banking for maintenance of their saving bank account in SBI Bank. He should apply for net banking with respective branch and can use net banking. Any other query feel free to contact us. Writer CA Chitranjan Agarwal

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