IS A MINOR CAN NOMINATE FOR HIS SAVING ACCOUNT ?? AND WHAT IF IT IS A CASE OF SELF OPERATED MINOR ?

IS A MINOR CAN NOMINATE FOR HIS SAVING ACCOUNT ?? AND WHAT IF IT IS A CASE OF SELF OPERATED MINOR ?

 

Minor can't nominate any one but he/she can be a nominee.

 

No a minor cant nominate.If it is a self operated A/c then in case of jis death biological guardian shall get the payment.

 

No a minor cannot nominate.... but minor can act as nominee

 

In Minor self operated account "no"Guardian operated account "yes"

 

In case of a self-operated minor a/c, the minor cannot be allowed to nominate. The logic is simple, a minor is not mature enough to understand his/her own good.However, if it is a minor-operated-by-guardian a/c then the guardian can nominate on behalf of the minor.

 

But in this case the minor will be the self nominee @Jay Verma

 

In case of a self-operated minor a/c, the minor cannot be allowed to nominate. The logic is simple, a minor is not mature enough to understand his/her own good.However, if it is a minor-operated-by-guardian a/c then the guardian can nominate on behalf of the minor.

 

In a self operated minor account, how can minor himself be the account holder as well as the nominee?

 

Not self ....the ac which is operated by natural guardian

 

Vai please. R confuse koris na. Already matha ghure ace. Minor self nominee? Guardian can nominate on behalf of minor? WTF??

 

Bhai, don't go by what Biswal says...Read circular yourself!!!

 

Fu*k the circular. In case of UCO Smart kids, nomination is available. Condition-10 years or above, literate minor. Reading circulars too much is injurious to health and mind

 

Where is it written? Show me...Now u r getting me confused as well

 

https://www.ucobank.com/english/Personal-deposites.aspx

 

@Jay Verma bhai i think you haven't read it carefully...

 

The screenshot is from the same link that u provided. Read the highlighted portion...

 

In only sole minor case nomination allowed by Guardian. Sukanya or natural guardian wale me allowed nahi hai

 

Yes if above 10 years and singly operated then they can nominated mother and father but operated natural guardian then there is no need to nomination

 

Minor can't nominate since any contract with minor is void

 

If guardian is operating account den guardian can nominate nominee and if minor is operating self den noo

 

Nomination is a contract, and minor can't enter in any contract as per Indian contract act so minor can't nominate in a/c