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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

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Answers (11)

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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.

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Gulshan Kumar Ajmani

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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 Once account open, he can easily withdrawn a cheque from bank.
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Bol Bachchan

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

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it is diffrnt fr diffrnt banks
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Aakash Agarwal

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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
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rambabu

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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


 

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Rajani K

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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 !
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usha manohar

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There are some provisions in banks
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sreevani

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It depends on the banks and banks provide different options.
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V.R.JOTHIBASSU

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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.
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anil

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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.
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suni51
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