Understanding Transactions in a Minor’s Account: Limit & Usage

What Is a Minor Account Called?

What Is a Minor Account Transaction?

Is It Possible to Do Online Transactions Using a Minor Account?

What to Know About Transferring Money From Minor Accounts?

Who Can Withdraw From a Minor Account?

FAQs about Transactions in a Minor’s Account

What are examples of online transaction applications with minor accounts?


Some examples of online transaction applications that minor accounts can use include the following:

  • Paytm
  • Google Pay
  • PhonePe

It is important to note that these apps are allowed for minors above 15 years of age.

Can a minor account holder use Google Pay?

Yes, a minor account can make use of Google Pay, but a legal guardian or parent must authorise and oversee said transactions.

How can I use the Google Pay app if I am under 18?

If you are under 18, you can use the Google Pay app with the help and authorisation of a legal guardian or parent.

Can a minor account use Paytm by completing the KYC registration?

No, according to the terms and conditions of Paytm, only individuals who are above the age of 18 years are eligible to register and complete Paytm’s KYC process.

Is it necessary to be 18 while having a Paytm account?

Yes, according to Paytm’s terms and conditions, individuals who are 18 years of age or older are eligible to open and use a Paytm account.