Comment on Various Types of Accounts

Venu commented on 26 Dec 2016, 06:06 PM

Once the account is opened, you can’t add any holders. No, both persons are required to operate the account. If there’s death of one of the holders, the account will have to be closed and a new account in the name of the survivor will have to be opened. Shares will be transferred from the joint account to the survivor’s new account.

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