login-icon
mahindra-finance-logo
login-icon
  • English
  • Hindi
  • Bengali
  • Marathi
  • Telugu
  • Tamil
  • Gujarati
  • Kannada
  • Odia
  • Malayalam
  • Punjabi
phone

Download App

Conveniently pay your EMIs, set payment reminders, view your loan details.

phone
|

Can a joint Deposit account be opened?

mahindra-finance-author

by Mahindra Finance

|

June 22, 2023

|

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.

Related articles

What are the different types of equity funds?

Are you looking for an investment to generate higher returns? Is it tough for you to decide? Well, for this, you have the best option of investing in “Equity Funds”. But what are these equity fund...

KNOW MORE

June 30, 2023

Corrugation Machines and How to get a loan for Corrugation Machinery | Mahindra Finance

The unassuming cardboard box might seem simple, but its journey from tree to shelf involves a complex hero: the corrugation machine. This industrial marvel transforms flat sheets of paper into the stu...

KNOW MORE

February 14, 2024

Udhyog-Aadhaar-Why-Is-It-Useful-For-MSMEs

Udyog Aadhaar: Why Is It Useful For MSMES?

As an entrepreneur, you may be familiar with the challenges of running a Micro, Small, or Medium Enterprise (MSME) in India. From accessing finance to navigating government schemes, managing an MSME r...

KNOW MORE

July 1, 2024