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AXIS Joint Bank Account

AXIS Joint Bank Account is a type of account where there are two owners of the account and they can operate the account jointly. In the case of absence of one owner, the other one can carry out the transactions.

AXIS Bank always gives the facilities like:

  • Opening the deposit/savings account in favor of more than one individual
  • The mother can open the account jointly with her daughter/son
  • It can be opened jointly with minor below the age of 12 years
  • Minor more than 12 years old can operate the account independently
  • Earn 4% interest on the account balance every quarter
  • A Visa Classic debit card is generally issued along with an EasyAccess savings account
  • Daily withdrawal limit of Rs. 40,000 at ATM and Rs. 1,00,000 for Shopping transactions
  • First 5 transactions free at Axis Bank ATM's and 3 free for Non-Axis bank ATM's
  • EasyAccess savings accounts opened in Metro cities require a minimum opening deposit of Rs 10,000

Eligibility criteria to open a Join Easy Acces Savings account:

  • An individual residing in India
  • A Hindu Undivided Family

Documents required for Joint Easy Access Savings account provided by Axis Bank: 

  • Two latest passport size photographs.
  • Address and identity proof documents for both applicants
  • Address proof can be only of the First holder of the account, as long as it is supplemented by a relationship proof between both holders
  • If mailing address and permanent address are different, provide address proof documents for both.

The joint account holders can operate the AXIS Joint Bank Account in following ways:

  • Transaction can be done by any single user
  • It can be done by both of the users also
  • Any changes in bank account must be confirmed by all the account holders
  • In case of minor joint account, only the natural guardian can operate the account

AXIS Bank also provides the facility of selecting a nominee in the case of opening the AXIS Joint Bank Account.

You may also like to read : How to transfer money online through Axis Bank Internet Banking Facility

In this case, the account holders should abide by the following rules and regulations:

  • The account holders can select only one person as the nominee
  • Modification of nomination can be done
  • Any modification of nomination should be done in presence of all account holders
  • They can select a minor as their nominee also
  • In case of death of any of the account holders, all the account balances with interests will also be received by the nominee

Looking to apply for Personal Loan : Click the link about Axis Bank Personal Loan

Comments

My son wants to make his mother's name in his salary account as joint operator. While opening the account the mothers name was kept in nominee's name. But as my son use to be out of station frequently so he wants his mothers name be joined as account operating authority as either or servivor as he is 25 years of age and not yet married. The Axis bank manager says his mothers name can not be joined now. Please clarify the matter so that my son's account can be operated jointly by him and his mother till he gets married. Kindly reply as early as possible. N C Bhatt

My son wants to make his mother's name in his salary account as joint operator. While opening the account the mothers name was kept in nominee's name. But as my son use to be out of station frequently so he wants his mothers name be joined as account operating authority as either or servivor as he is 25 years of age and not yet married. The Axis bank manager says his mothers name can not be joined now. Please clarify the matter so that my son's account can be operated jointly by him and his mother till he gets married.

i want a clarification on joint account holders wherein, one of the account holders is deceased, and the other account holder of the joint account and the nominee of the joint account are different legal heirs of the deceased, so how does the standing balance of the joint account is distributed, in other words who gets the account balance transferred to their personal account.

i want a clarification on joint account holders wherein, one of the account holders is deceased, and the other account holder of the joint account and the nominee of the joint account are different legal heirs of the deceased, so how does the standing balance of the joint account is distributed, in other words who gets the account balance transferred to their personal account.

i want a clarification on joint account holders wherein, one of the account holders is deceased, and the other account holder of the joint account and the nominee of the joint account are different legal heirs of the deceased, so how does the standing balance of the joint account is distributed, in other words who gets the account balance transferred to their personal account.

i want a clarification on joint account holders wherein, one of the account holders is deceased, and the other account holder of the joint account and the nominee of the joint account are different legal heirs of the deceased, so how does the standing balance of the joint account is distributed, in other words who gets the account balance transferred to their personal account.

required joint account procedures with documents to be submitted while opening an joint account.

If you want to open joined account with someone how much amount you have to have deposit while opening your account. What if one is NRI ? Is this possible ?

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