Minors Authorized to Deposit and Withdraw in Banks

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PRESIDENTIAL DECREE NO. 734: Minors Authorized to Deposit and Withdraw in Banks

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Title Supreme Court: Minors Authorized to Deposit and Withdraw in Banks

Law: Presidential Decree No. 734

Decision Date: Jun 25, 1975

Presidential Decree No. 734 grants minors in the Philippines the special capacity and power to deposit, withdraw, and receive interest from banks, promoting thrift and savings among the youth and economic growth through capital formation.

banking transactions

financial literacy

time deposits

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