I need to open a Zerodha account for my baby.
I wish to buy some MFs(via Coin) and do some month-to-month SIP(s) as properly.
I’m little confused on the mandate half. I’m about to open the checking account with SBI. Although their PehlaKadam (my child is lower than 10 years outdated) A/C helps ATM/Debit card and withdrawl facility(as per their web site) however I’ve come to know from completely different boards that many of the branches stated No for ATM card issuance for this sort of accounts. In that case I used to be simply questioning how mandate can be authenticated ? By means of Aadhar primarily based UPI ?
I’ve different two PSU financial institution choices to contemplate PNB and Indian Financial institution. Other than these three I dont have some other choices for banks together with personal financial institution.
I had canara financial institution earlier for my daughter (3 years) they dint have choice for internet banking or atm for teenagers account.
Final week i’ve opened an account in HDFC financial institution they usually have given atm and as wel as netbanking below my steering for the youngsters account.
i’ve set the mandate although netbanking for coin, work superb
So entry to NetBanking shall be sufficient? Do we want transaction rights ?
Additionally once you had canara financial institution minor account with out debit card or internet banking how did you set mandates for SIPs ?
