Minor Financial Transactions Guide

Certainly! Here's more information about minors opening fixed deposit accounts in Maharashtra:
- Guardian's Role: A parent or guardian typically manages the account until the minor reaches the age of majority.
- Documentation: Required documents usually include the minor's birth certificate and guardian's identity proof.
- Interest Rates: Interest rates may vary, and it's advisable to compare rates from different banks.
- Terms & Conditions: Each bank may have unique terms, so it's important to review them carefully.
If you have any specific questions about the process, feel free to ask!

In Maharashtra, a minor cannot independently purchase property. Here are some key points:
- A minor can own property, but the transaction must be conducted by a legal guardian on their behalf.
- The guardian must act in the minor's best interest.
- Court approval may be required for selling or transferring property owned by a minor.
If you need more detailed information, feel free to ask!