SBI Minor to Major account application can be submitted to the bank if you are above 18 years of age and hold an active bank account. A student account in SBI Bank is important if you are studying abroad or in India as it helps you manage expenses easily. However, there are certain advantages and limitations of a minor account. That’s why you need to convert it to a major after you turn 18 to use all the services. Let’s check and understand all the details and processes of SBI minor to major account applications.
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SBI Minor to Major Account Application: Steps Involved
To convert an SBI minor account to a major account, you need to submit a formal request to the bank along with the required documents. The bank will provide you with an application form in which you will enter your personal details. You need to submit the form with your signature and declarations. You can also keep the account as an SBI zero balance account subject to the terms and conditions of the bank. Check below the steps involved in submitting the SBI minor to major account application below:
- You need to visit the branch of SBI where your account exists
- Go to the designated officer and take an application form
- Complete the KYC by providing an Aadhaar card, PAN card, driving license and any other documents mentioned by the bank
- Attach a passport-size photograph to the application form
- Submit the form after signing it
- The bank will verify the details and convert the account from minor to major
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Importance of Converting SBI Minor Account to Major Account
Converting an SBI Minor Account to a Major Account is important especially when you are studying in a foreign country. A major SBI student account enables account holders to access a broader range of banking services once they turn 18. This transition grants more financial independence and control and allows the account holder to fully utilize banking features and manage their finances effectively. You can also get an international debit card from the bank directly. Check some major importance of converting the SBI minor account to a major account below:
- You can get full access to internet and mobile banking services
- The bank will allow you to conduct higher-value transactions
- The account holder will be eligible for a debit card with increased withdrawal limits
- The bank will also provide access to additional banking products like loans and fixed deposits
Minor to Major Account Application Form
The SBI Minor to Major Account Application Form is used to convert a bank account held by a minor into a standard account upon reaching the age of 18 years old. This form allows the account holder to update their personal details, provide identification, and take full control of the account. It also includes a declaration of the guardian’s consent to transfer account ownership to the newly eligible adult so that they can manage their finances independently. Check below how to fill SBI minor to major application form:
- Fill in updated personal information such as name, date of birth, and contact details.
- Provide the existing account number and branch details.
- Attach valid government-issued ID (e.g., Aadhaar, PAN card, passport) to verify age and identity.
- Add your new signature in the designated area which shall replace the guardian’s signature.
- If required, have the guardian sign a declaration consenting to the transfer of account ownership.
- Include Know Your Customer (KYC) documents like proof of address, ID, and a recent photograph.
- Submit the completed form and documents to the bank for verification and processing.
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Documents Required to Convert Minor Account to Major Account
Documentation is the most important part of the process of converting a minor account to a major account. Always keep your documents handy so that you can submit them properly. Check the list of the documents for the SBI minor to major account application below:
- Valid government-issued ID such as an Aadhaar card, PAN card, passport, or voter ID.
- Birth certificate or any official document showing the account holder has reached the age of majority (usually 18 years).
- Aadhaar card, passport, or other acceptable address proof.
- A current photograph of the account holder.
- The account passbook or account number information for reference.
- Know Your Customer documents for identity and address verification.
Converting a minor bank account to a major is very important as it will allow you to use all necessary banking services. Contact the bank and complete the application for converting the account. Check some common FAQs based on SBI minor to major account applications below:
FAQs
To convert an SBI minor account to a major account, you must visit your SBI branch and obtain an application form. You will also be required to provide necessary documents such as an Aadhaar card, PAN card, and a passport-size photograph.
Converting a minor account to a major account is essential as it provides more financial control and access to a wide range of banking services like higher transaction limits, internet banking, and debit card services.
The required documents are an Aadhaar card, PAN card, proof of age, address proof, a recent photograph, and a passbook.
A major account offers advantages such as full access to Internet and mobile banking, eligibility for higher withdrawal limits on debit cards, and access to additional banking services like loans and fixed deposits.
The KYC (Know Your Customer) process is important as it ensures that the bank verifies the identity and address of the account holder before converting the account.
To know more about education loans, the best bank accounts for students, forex and banking experience for global students or international money transfers, reach out to our experts at 1800572126 to help ease your study abroad experience.
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