Do remember to put a mark on the appropriate boxes and mention the type of joint account you need from the choices i.e., Either or Survivor, Anyone or Survivor, Former or Survivor, Jointly, Jointly or Survivor. Write an Application to the Branch Manager of your HDFC Bank Home Branch requesting to add a Joint Account Holder. All Rights Reserved. You can do so by completing our online process. Case 1 : If the Joint Account Holder does not have HDFC Bank Account, Case 2 : If the Joint Account Holder already has HDFC Bank Account. Moving your joint account across just got a whole lot easier. Access to Account Management for you individual or joint account will remain after it has been closed for the purpose of reviewing and printing activity statements and tax forms. Letter to request remove one person from joint account. Anyway, it is always advisable to have a joint account rather than holding it on a single person's name. Get up to Rs 3000 every month for your credit card payment made with this app . I have an account in a indian bank.it has been in the joint account category with my mom. I have HDFC Savings Bank Account. The details are: OBU Account No: OBU Customer ID: The details of the existing account holders of this account are: Hence follow the manual procedure for this case by following the POSB norms. Your email address will not be published. In order to add joint account holder in your HDFC Bank Account, follow the steps given below : Case 1 : If the Joint Account Holder does not have HDFC Bank Account : If the person whom you want to add as a joint account holder does not have an account with HDFC Bank, then you need to fill up HDFC Bank Account Opening Form just like a new account holder does. Before you think of adding a joint account holder in your HDFC Bank account, make sure you have complete trust on the person as this type of account is to be operated jointly. The procedure to add a joint account holder in HDFC Bank is quite easy and does not take much time. All the facilities used by the main account holder can also be availed for the joint account holder. In case of SCSS account with joint holder, if first depositor expires and also if the second depositor is below 60 then when we follow above procedure system will give the error "age out of allowed range" in this case we have to correct manually in passbook by collecting the necessary documents from the customer. Re-Activate Dormant Account in HDFC Bank : HDFC Bank is one of the most flexible banks in …, Hdfc me patni ka nam jorna hai lekin patni me pas nahi hai adhar card hai ho jayega. Once you fill up the form, you need to gather the KYC Documents (For Proof of Address & Proof of Identity) of your Joint Account Holder(s). We can convert the joint account to single account and vice versa depending on the requirement of the customer. Getty Images The account holders can change the mode of operation of the account to either jointly, survivor or single. Unka signature bhi lagega. NRIs can carry out a number of banking processes with the help of HDFC Bank’s 24/7 net banking facility. Generally, you will need to submit a signed and notarized statement by both parties of a joint account in order to convert it to an individual account. We aren’t able to transfer primary ownership of a joint account once it’s been created. Recently I joined in 5 Free cash withdrawal transactions at all HDFC Bank ATMs Your email address will not be published. The old account could be either merged with the new account or could be entirely closed. As per POSB norms even if the second depositor is below 60 yrs also he/she can continue the account in case of first depositor expires. Transfer of joint ownership to single ownership The son is an NRI and wants to relinquish his name and transfer the entire property in the name of his mother. I would like to add my wife’s name in the same account, making it as Joint account. OR I have HDFC Savings Bank account standing in my name. In order to convert the joint account to single account when the first depositor expires we have to follow below mentioned steps they are :-. How to Change your Signature in HDFC Bank Account ? At any point of time you can consider removing a joint account holder. *him Date If there are any queries regarding the above please contact me on xxxxx xxxxxx. Final Words : You might have noticed that adding a joint account holder in Punjab National Bank is quite an easy process and can be completed in just 20-30 minutes after you reach your home branch. Note that for any conversion we have to take the revised AOF(account opening)  form along with the requirement documents from the customer before proceeding for conversion of joint account to single in DOP Finacle application. This is mainly done in cases where people want to accumulate their earnings and savings at Find the documents required to open NRO Savings Account, as the process varies from individual to individual. Sir, It is stated that my ex-wife and I shared a joint account at your bank for 2/3/4/5 years. Letter to bank to remove name from joint account. The account holder that opened the joint account is designated as the primary account holder. All the steps shown here are … Many investors open joint accounts at brokerage firms because the accounts have certain tax advantages. I, him, joint holder on the above bank account confirm my agreement to the account being changed from a joint account to a sole account in the name of him*. 1) Filling up Account Opening Form/Submitting the Account Number Case 1: If the Joint Account Holder does not have an Account with ICICI Bank : If the person whom you want as the joint account holder does not have an ICICI Bank account, then you must fill up ICICI Bank Account Opening Form same as a new account holder. Passport 3. HDFC Bank, Dwaraka Nagar Branch, Visakhapatnam. Sub: Request to convert Savings account to salary account Dear Sir, I K Raghuram has an account in your branch with account no. Upon successful validation of all the details of the Joint Account Holder(s), the joint account holder will be added to your Bank Account. Do remember that the amount and the type of access given to a joint account holder is in the hands of the main account holder. 6 Comments. Business Scenario :- For example if the first depositor expired in a joint account then we have to follow the below mentioned procedure. If you want to transfer money from that account to a single account, you can do so at your local branch or using the bank's online system. Add Joint Account Holder in HDFC Bank : As we all know HDFC Bank is a well known bank in India.All those who already have a bank account in HDFC Bank and want to add joint account holder in HDFC Bank, can continue reading this article as it will be really helpful. You must follow the step by step procedure given below to add HDFC Bank joint account holder. How to Re-Activate Dormant Account in HDFC Bank . TRANSMISSION FORM: JOINT HOLDER Y Y Y Y To, HDFC Bank Limited, Depository Services, Empire Plaza I, 4th Floor LBS Marg, Chandan Nagar, Vikhroli West, Mumbai – 400083 (1) I/We, the undersigned, being the Joint 1234456789. Required fields are marked *. Banking In our previous article, we have already talked about the types of joint accounts in India. admin Last year, we made it possible to switch your personal accounts to Monzo with the Current Account Switch Service, letting you go #FullMonzo in just a few Copyright © 2016-2018. subsequent to submission of request application, how long it will take to get the cheque book. How to Change your Name in HDFC Bank Account ? Later I get to know that how to transfer money from savings to a current account in HDFC bank and vice versa using hdfc net banking. can be parked in the NRO savings account in Indian currency. LLoyds made it as painless as possible. In order to know the mode of operation for any type of account users can check in HACCDET or modification after verification menu in DOP Finacle application. Thank you. Whether you want to convert a single account to a joint account in SBI online or add a joint owner at another bank in person, contact your bank to make sure you understand its policies. Visa 4. In this form you need to mention the details of the Joint Account Holder(s). For Changing the Single Savings Bank Account to JOINT account, fill the form which is available in each SBI branch. There may be instances wherein one may want to delete the name of a joint bank account holder . Aapki wife ka hona zaruri hai. How can this be done with minimum cost. How to Change Registered Mobile Number in HDFC Bank ? Before getting into how to convert one’s Resident Savings account to a NRO savings account, it is important to first know the benefits of a NRO savings account: All money earned in India from investments, rent, dividends, etc. It could be done with two or even more people together. 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