Can a minor get online transaction rights in SBI?
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.
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