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
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