Introduction
Adults at the age of 18 almost all states set the base legal age as 18 years old. This is the age at which a person gains control & affairs & becomes responsible for the decisions they make.
The age of majority is the threshold of legal adulthood as recognized or declared in law. It is the moment when minors cease to be considered such and assume legal control over their persons, actions, and decisions, thus terminating the control and legal responsibilities of their parents or guardian over them.
- Apply for IDs like Aadhar, driving licence & passport
- Convert the minor savings accounts by submitting a signed request, The latest photo of the children & update KYC
- Update PAN details of children's PPF account
- Update the bank records with revised signatures so that your child can independently sign & operate the accounts
- Apply for a personalised Debit card for carrying out ATM & digital transactions. Additionally, you can add on a credit card for your child & DD if you want to invest.
- Activate Net banking, E-Wallet & mobile banking.
18+ is the right age to start maintaining your bank account. You can also start with your savings account & maintain it. Apply for the identification card which will be useful for you in future terms.
Pride Co-operative society has many schemes for 18+ students who want to make savings with the best interest %
