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Resolved Question:
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i want to deposit fix for my children those are minor what requirements and documents for it.
In Fixed Deposits  -  Asked by c.vijayan -  1 month ago

Best Answer:
Yes you can fixed deposit for your children. As your children are minor bank accepts forms for fixed deposit if it is represented by his natural or legal guardian and the Application Form for the deposit is signed by the natural/legal guardian, on behalf of the minor. All communication in relation to the deposit will be addressed to the guardian.
The following documents are required for fixed deposit in case of minor:
Birth certificate, photograph of minor, copy of PAN Card, photograph and address proof of the Guardian will have to be submitted along with the application. Guardian will have to sign the application.
1 month ago - By Radhika

Other Answers (2)
show:
Answer 1.
Always fixed deposit with nationalized banks only to keep your money safe.
1 month ago - By Chinki
Answer 2.
It is better to invest some amount in the name of children as it will be helpful in future for their studies or marriage.
1 month ago - By Mintu
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