How can a boy below 18 years withdraw cheque in India?

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How can a boy below 18 years withdraw cheque in India?

My cousin who is 16+ just received a cheque......... How to withdraw it??

Md. Saifur Rahman

Category: General Reference 14 years ago

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A minor can open account under guardianship of his parents. Banks have specially designed minor accounts. There is no difficulty in depositing a cheque in minor's bank account. The sixteen year old cousin can deposit the cheque in his 'minor account'.

In this connection a link shwing facility given by Axix bank for openin bank account of minor is given below. Minor account is also allowed bvy othe banks.

Answered 14 years ago

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Gulshan Kumar Ajmani

Bol Bachchan · Answer 1 · 2014-01-07 17:49:11

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Under 18 boy is minor and minor account is open by referring his/her parents. Once account open, he can easily withdrawn a cheque from bank.

Answered 11 years ago

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Bol Bachchan

AKP · Answer 2 · 2012-12-28 04:11:47

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I guess banks provide that special option too so that young age people can open account.

Answered 12 years ago

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AKP

Aakash Agarwal · Answer 3 · 2013-06-08 15:02:20

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it is diffrnt fr diffrnt banks

Answered 11 years ago

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Aakash Agarwal

rambabu · Answer 4 · 2013-01-27 06:39:41

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The situation is different now. A minor can receive a cheque. There are provisions in all the banks. Contact any bank

Answered 12 years ago

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rambabu

Rajani K · Answer 5 · 2010-08-27 11:23:21

Yes, for minor ever banks i having some special provision for opening account..The famous ICICI bank do have facility to open an account and operate for minors which is called young starts account. HSBC, Bankof india, do have such facility..please see the links for rules..

Just some rules will differ from bank to bank so check the banks site for knowing more..

Hope this information is helpful.

Regards

Rajani

usha manohar · Answer 6 · 2013-04-17 17:23:31

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You can only have a crossed cheque drawn in the name of a minor and a minor can have an account with a guardian who needs to sign each time a cheque is used !

Answered 12 years ago

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usha manohar

sreevani · Answer 7 · 2013-07-04 10:36:06

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There are some provisions in banks

Answered 11 years ago

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sreevani

V.R.JOTHIBASSU · Answer 8 · 2013-06-09 16:05:57

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It depends on the banks and banks provide different options.

Answered 11 years ago

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V.R.JOTHIBASSU

anil · Answer 9 · 2013-07-09 16:19:07

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I think in India no restriction on minor to use cheque. I used cheque first time when i was 15 year old.

Answered 11 years ago

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anil

suni51 · Answer 10 · 2013-01-13 06:44:13

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Now any one can have an account in bank with the help of parental guidance. Schools are also helping/encouraging their students to open bank accounts.

Answered 12 years ago

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suni51

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How can a boy below 18 years withdraw cheque in India?

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