Minor account holder definition

Minor account holder means an account holder who is younger than 18 years of age.
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Minor account holder means an Account Holder who has not attained Eighteen (18) years of age.
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Minor account holder means an Account Holder who has not attained Eighteen (18) years of age or such other age as the Bank may determine in its discretion.
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Examples of Minor account holder in a sentence

  • After verification of the AOF and documentation, details of the Guardian of the Minor account holder shall be suitably modified in the CDSL system.

  • However, a Current Account can be relinquished to the named Minor account holder from the age of sixteen (16) years, provided he or she is in employment and if permission is given by the signatory of the said Account.

  • List items by major type, cost per unit, and the basis of the computation.

  • However a Current Account can be relinquished to the named Minor account holder from the age of sixteen (16) years, provided he or she is in employment and if permission is given by the signatory of the said Account.

  • A Minor account holder with Limited Capacity has the right to freely dispose of his/ her Bank Account, which the Legal Representative consents to by signing the Framework Agreement.

  • As set out in the Announcement, the Legal Representative shall be entitled to take certain legal actions and make certain legal statements on behalf of the Minor independently as well, whereas the Minor account holder shall be entitled to take certain legal actions and make certain legal statements together with the Legal Representative only.

  • By submitting the application, the Legal Representative consents to the Bank providing the Minor account holder with the Means of Identification necessary for the disposal of the Bank Account through the Electronic Channels and to the Minor disposing of the Bank Account through the Electronic Channels.

  • Minor account holder cannot issue/ draw Cheque favouring a third party.

Related to Minor account holder

  • Account Holder The term “Account Holder” means the person listed or identified as the holder of a Financial Account. A person, other than a Financial Institution, holding a Financial Account for the benefit of another person as an agent, a custodian, a nominee, a signatory, an investment advisor, an intermediary, or as a legal guardian, is not treated as the Account Holder. In these circumstances that other person is the Account Holder. For example in the case of a parent/child relationship where the parent is acting as a legal guardian, the child is regarded as the Account Holder. With respect to a jointly held account, each joint holder is treated as an Account Holder.

  • Qualified Account means either (a) a segregated account (including a securities account) with a Qualified Institution or (b) a segregated trust account with the corporate trust department of a depository institution organized under the laws of the United States of America or any one of the States thereof or the District of Columbia (or any domestic branch of a foreign bank), having corporate trust powers and acting as trustee for funds deposited in such account, so long as any of the securities of such depository institution shall have a credit rating from each Note Rating Agency in one of its generic rating categories which signifies investment grade.