Tighter Banking Rules for Minors and Incapacitated

The Central Bank of Iran issued new gaudiness to further limit banking services to and transactions by minors and the legally incapacitated.
Banks are banned from “granting any type of payment instrument, lending, opening current accounts and selling foreign currency to the incapacitated,” IRNA reported.
In legal terms, the incapacitated are those under 18 years or adults unable to manage their personal financial affairs.
The incapacitated are allowed to open no more than one Qarzol-Hassaneh (interest-free) deposit account and one savings account (interest-bearing deposit account) in their name.