Age Limit for Bank Account and Loans

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Age Limit for Bank Account and Loans


Here i have discussed about the minimum age requirement for opening of Saving Bank Account and Bank Loan.

For Saving Bank Account three cases arises :
Case 1 : Age Less Than 10 yr
A/c Open  through his/her  guardian

Case 2 : Age 10 – 18 yr
A/c Open  through his/her  guardian
or
A/c Open  Without his/her  guardian

Case 3 : Age above 18 yr
Can Open A/c

FOR LOANS
Case 1 : Age less 18 yr
No Loan

Note : As per Indian Laws minor cannot enter into legal agreement.

Case 2 : Age above 18 yr
Can get Loan

Murari Garg
9717550964( Whatsapp)
Telegram Group : https://t.me/gargmurari
#agelimit #ageforbankaccount #agelimitforloan #minimumage

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