Individuals

• Any two or more individuals can jointly open a bank account.
• Commonly opened by spouses, siblings, or family members.
• Friends planning shared expenses may also be eligible.
• Age restrictions apply as per the bank’s policy.
• All individuals must fulfill KYC requirements.

Business Partners

• Business partners can open joint accounts for firm operations.
• Account helps manage collective business funds.
• Signatory rights are defined as per partnership agreement.
• Legal entity documents may be required.
• Used for transparent transaction management.

Parents and Minors

• Parents or legal guardians can open a joint account with a minor child.
• Minor’s account is operated by the adult until the child reaches maturity.
• Helps inculcate saving habits in minors.
• Proof of guardianship may be necessary.
• Terms change when the minor attains majority.

Trusts and Associations

• Trustees of trusts or office bearers of associations can open joint accounts.
• Used for managing organization funds collectively.
• Operating rules depend on the trust deed or association’s constitution.
• Proper authorization is required from the governing body.
• Specific documentation must be provided.

Clubs and Societies

• Registered clubs and societies can open joint accounts for official use.
• Signatories are appointed as per society’s rules.
• Account is managed for collective benefit of members.
• Meeting minutes may be needed for signatory approval.
• Banks may require registration certificates.