Before moving ahead let’s get clear about what is minor and major bank accounts are and also what are differences between them.
Minor Bank Account: Basically Minor account is a type of account that is opened by a bank for a customer aged less than 18. Also, a minor bank account comes with some limitation that includes per day transaction limit to online banking limitation.
Major Bank Account: As per the official document submitted by the customer to the bank. If their age is above 18, then the account held by the customer categorize as a major bank account by the bank. Which comes with unlimited features offered by the respective bank.
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Usually, 3 to 4 documents are required for converting your minor bank account to a major bank account and these are as follows:
- An Application to Bank Manager.
- Aadhar Card.
- PAN Card.
- Your Contact Number/Mobile Number.
Writing Format for Minor to Major Account Application
Date: __/ __ /____
To,
The Bank Manager,
[Bank Name]
[Bank Address]
[City, State ZIP Code]
Subject: Application for Converting Minor Account to Major Account
Dear Sir/Madam,
I, [Your Name], currently hold a minor savings account (Account number: [Account Number]) with your esteemed bank. I am writing this letter to request a conversion of my minor savings account into a major savings account.
As I have turned [Your Age] years old on [Your Date of Birth], I am now eligible to operate a major savings account. I would like to request your assistance in upgrading my account so that I can have access to all the services and benefits that are available to major account holders.
Please find attached my [Your Age]-year-old identity proof and other required documents. I would be grateful if you could process my request at the earliest and let me know the necessary steps that need to be taken to complete the process.
Thank you for your attention to this matter. I look forward to your prompt response.
Sincerely,
[Your Name]
[Contact Details]
Short Application format for Minor to Major Account Conversion
Date: __/ __ /____
To,
The Bank Manager,
[Bank Name]
[Bank Address]
[City, State ZIP Code]
Subject: Request for Conversion of Minor Bank Account to Major Bank Account
Dear Sir/Madam,
I am writing to request the conversion of my minor bank account (Account Number: [Account Number]) to a major bank account. I have turned [Your Age] years old and am now eligible to operate a major bank account.
Attached please find the required documents, including my [Your Age]-year-old identity proof, to support my request. I would be grateful if you could process my request at the earliest and let me know the necessary steps that need to be taken to complete the process.
Thank you for your attention to this matter. I look forward to hearing from you soon.
Sincerely,
[Your Name]
[Contact Details]
Sample Application for Minor to Major Account Transfer
Date: __/ __/ ____
To,
The Bank Manager,
_______________ (Bank Name)
_______________ (Branch Name)
Subject: Application for Minor to Major Account Conversion.
Respected Sir/Ma’am, (Whichever is Applicable)
With due respect, I would like to inform you that I am __________ (A/c Holder Name) and currently I am operating my ___________ (Saving/Recurring/Fixed) Account within your branch having A/c No.___________. The purpose of writing this application is to inform you that, I opened this account when I was under 18. And now I am ____ (Your Age), but still, my account is operating as a minor account. Therefore I request you please convert this minor account to a major account.
Kindly grant me permission for the same. So that I can also utilize other important features of my account such as Debit cards, Credit cards, and Net Banking facilities.
Thanking You
Your Trustworthy
______________ (A/c Holder Name)
A/c No.: ______________
Contact: +91- 90000 90000
Attached Document (If Required): 1. Aadhar Card, 2. Birth Certificate, 3. PAN Card
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Date: 25/07/2023
To,
The Bank Manager,
Bandhan Bank,
Saridhela Branch,
Dhanbad – 828109
Subject: Application for Minor to Major Account Conversion.
Respected Ma’am,
I am Saket Verma and I am operating one of my savings accounts having A/c No. 1234500012345 within your branch. I am writing this request letter to you for the conversion of my minor savings account to a major account. As I have reached the age of 18, I am now eligible to operate the account as a major.
Please let me know if any further documentation or information is required from my end to facilitate this process. I am willing to comply with any formalities necessary for the conversion.
Thank You.
Your Trustworthy
Saket Verma
A/c No: 1234500012345
Contact No.: +91-96000 96000
Attached Document(If Required): 1. Aadhar Card Copy, 2. PAN Card Copy, 3. Age Proof
Sample Application for Minor to Major Bank Account – SBI
Date: 25/05/2023
To,
The Bank manager,
State Bank of India,
Koyla Nagar Branch,
Dhanbad.
Subject: Request Letter for Minor to Major Account Update.
Respected Ma’am,
With due respect, I would like to inform you that, I am Akshay Tandon and I am operating one of my Savings accounts within your branch having A/c No.: 1234500012345. Since I opened this account when I was under 18 and due to this, my account is still operating as a Minor Account and now I am 19. And still, I am unable to use other features and services of this account.
Therefore I request you to please update my bank account from a minor account to a major account as soon as possible.
Thanking You.
Your Trustworthy
Akshay Tandon
A/c No.: 1234500012345.
Contact: +91-78000 78000
Attached Document(If Required): 1. Aadhar Card, 2. PAN Card.
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Changing Minor to Major Bank Account Application – HDFC
Date: 07/06/2023
To,
The Bank Manager,
HDFC Bank,
City Branch Ranchi.
Subject: Application for Minor to Major Account Update.
Respected Ma’am,
I am Rahul Kumar and I am operating one of my Recurring deposit accounts in your branch having Account Number 4598000012345. With due respect, I would like to inform you that I opened this account at an early age and now I become 19. Since this account was opened by me when I was under 18. Hence this account operates as a minor account. Which has lots of restrictions in terms of features and services.
Therefore I request you please update my account from a minor account to a major account. Kindly initiate the process as soon as possible so that I can fully utilize the feature and services of my bank account.
Thanking You.
Your Trustworthy
Rahul Kumar
A/c No.: Rahul Kumar
A/c No.: 4598000012345
Attached Documents(If Required): 1. PAN Card, 2. Aadhar Card
Read Also: Bank Account Closing Application or LetterBenefits of Minor Bank Account
Opening a bank account for kids comes under a Minor Account. And there are 2 versions of it that usually banks offer. The first one is a minor account for kids whose age is below 10 and their account is completely managed by their parents.
While the other version of a minor bank account is for those kids whose age is between 10 to 18 and these accounts can be either managed by parents or kids or by both of them jointly.
Opening a bank account for your children does not only mean that you deposit money in it. There are many benefits of opening a bank account for a child, and some of them are as follows.
They will learn to save and understand its value
Looking at the present condition, it would be absolutely true to say that today’s children do not know the importance of money. Opening a bank account for children and depositing money in it is the most unique and effective way to teach them how to save.
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Once your kid will know the importance of saving money, then they will spend better and differently than all the other kids of the same age group. Also, your kid will limit their expenses and avoid buying unnecessary expensive things.
They will Learn Compounding
Since depositing money in the bank means getting interested in it. So, the principal amount on the savings account will keep on increasing along with interest paid over time. Due to this children are motivated to save more and more money dedicated.
Final Words
Through this article, you see the sample and format of the application and letter related to converting your minor bank account into a major bank account. Apart from this, you also learned about the benefits associated with the Minor Bank Account. Further, if you have any doubts, queries, or feedback related to this article then let us know by commenting down below.
FAQs
Q: How do I convert a minor bank account to a major?
Ans: Converting a minor bank account to a major bank account is just a work of an hour. And for that, you need to visit your bank branch with an application for the manager by mentioning your subject. Other than that you also need to submit your KYC details and for KYC you can carry your Aadhar card, and your PAN card.
Q: What are the documents required for a change of account from minor to major?
Ans: Usually 3 to 4 documents are required for converting your minor bank account to a major bank account and these are as follows:
1. Aadhar Card.
2. PAN Card.
3. Your Contact/Mobile Number.
4. An Application to Bank Manager.
Q: Is a PAN card mandatory for converting a minor to a major accounts?
Ans: Yes, to convert a minor bank account to a major account you will need a PAN Card.
The Article written by the indoGeeks Team is well researched from different sources. Do let us know any typo or other kind of error by commenting down below. It will help us to make this internet a good and error-free source of information for the community.