6 Replies to “When can i make an independent bank account?”



  1. Hi
    you can open your personal saving account even if you are under 18
    Punjab National Bank is providing facilities for the students to open Students account with Pass Book and ATM cum Debit card facility

    Regards
    Rishi Singh


  2. there are many such banks in india where u can open an account even though u r under 18 but in some banks u will not be provided with ATM card until u reach 18 but Punjab National Bank and ICICI bank provides all these facilities to under 18 also.ICICI is good option.because it has its branch every where.


  3. Yes, you can open an account. State Bank of India allow to open account in the name of minor i.e. who are less than 18 years of age. The relevant Rule is reproduced below:

    Minors Accounts
    Minors who can adhere to uniform signature and are not less than ten years old can open accounts in their single name and maintain therein a maximum balance of Rs. 200,000/- (Rs. Two lacs only). Minors may open joint accounts with their guardians. (Rule No. 3)

    For detailed information please go to the web site given below and you can have full information.

    http://www.sbi.co.in/user.htm

    With best wishes.






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