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Can a joint Deposit account be opened?

mahindra-finance-author

by Mahindra Finance

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June 22, 2023

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1 mins read

Yes, a maximum of 2 people can open a joint Deposit account payable to E or S (Either or Survivor).

For E or S deposits, the Deposit receipt can be discharged by anyone of the depositors on maturity.

However, all the Depositors` signatures are required for a Premature Payment or Loan against Deposits.

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