How to Add Joint Holder in Account?

How to Add Joint Holder in Account?: You can open a bank savings account as single or as joint i.e. with other persons. A joint account is an account which is held in the name of more than one person. There can be a maximum number of 3 holders in an account.

Any person who is an account holder in a joint account can operate the account and make transactions in that account. Joint accounts can be held in following modes of holding:

  • Joint: The account can be operated by the signs of all the account holders. If any of the account holders dies, the account cannot be continued further anymore and needs to be closed immediately. The proceeds of the account will be given to the surviving account holder/s.
  • Joint or Survivor: The account can be operated by the signs of all the account holders. If any of the account holders dies, the account can be continued and operated further by the surviving account holder/s.
  • First holder or Survivor: Account has to be operated only by the first holder till the time he/she is alive. The other holder/s can transact only after the death of the first holder.
  • Either or Survivor: There are only two account holders in this type of account. Account can be operated by any of these two account holders.
  • Any one or survivor: There can be more than two account holders in this type of account. Account can be operated by any of these account holders.

Joint accounts are usually opened by close relatives like with spouse or children or are suited to those who are working towards a similar financial goal together like business partners. All the operations of a joint account are performed in the same manner as those in an account operated singly.

An important factor in opening of a joint account is the trust that you have on all the account holders of a joint account.

Benefits of Adding Joint Account Holding

  • Easy to operate
  • Helps to manage your money effectively
  • You can achieve your financial goals together
  • Do not require to maintain minimum balance required in two different accounts
  • If you are away for a long time, the other account holder can take care of account

You can choose the joint account option in any of the following situations:

  1. At the time of Opening of an Account
  2. After Opening of an Account i.e. whenever you require

Now, if you want to know as to how to add Joint Holder in Account? Then you need to follow below mentioned procedure:

Add Joint Holder at the time of Opening of an Account

(1) Fill up the Account Opening Form of with Joint Mode of Holding

In order to open your account in joint names, the first step is to fill up an Account Opening Form. You can download it from bank's website or alternatively, you can visit the branch of where you want to open your account in joint names, get the account opening form and fill it up properly.

You need to mention the names of all the account holders (maximum 3). You can select anyone of the following modes of holding:

  • Joint
  • Joint or Survivor
  • First holder or Survivor
  • Either or Survivor
  • Any one or survivor

After that all the account holders need to sign the form before submitting it to the branch manager/ officer-in-charge.

(2) Attach KYC (Know Your Customer) Documents of all the Account Holders

All the holders of the account need to attach a copy of KYC documents i.e. a copy of PAN, which also serves as your proof of identity and a proof of address to the account opening form. The account holders may also be asked to self attest these documents.

(3) Submit Account Opening Form to the Banker of

You need to submit account opening form to the banker along with all the necessary attachments.

(4) Verification of Account Opening Form (AOF) & Other Documents by the Banker

Banker will verify Account Opening Form (AOF) and other attached documents. If he is satisfied with these requirements, he will proceed further.

(5) Obtain acknowledgement slip of Account Opening Form from

Once your documents are successfully verified, the banker will give you acknowledgement slip of Account Opening Form.

Add Joint Holder after Opening of an Account i.e. whenever you require

(1) Submit a Request Letter to for Addition of Joint Holder/s

In order to add joint holders your account, the first step is to submit a Request Letter to for Addition of Joint Holder/s by mentioning following things:

  • Existing Account Number
  • Your Name
  • Name/s of Joint Account Holders which are to be added to your existing account
  • Mode of holding (anyone from the following):
    • Joint
    • Joint or Survivor
    • First holder or Survivor
    • Either or Survivor
    • Any one or survivor
(2) Fill up a Fresh Account Opening Form with Joint Holding

Obtain and fill up an fresh Account Opening Form with joint holder/s. You need to mention the details of all the joint holders such as name, address, mode of holding, etc.

You are also required to mention the account number of your existing account in which you want to add joint holders.

After that all the account holders need to sign on the space provided in the form before submitting it to the branch manager/ officer-in-charge.

(3) Attach KYC (Know Your Customer) Documents of all the Account Holders

All the holders of the account need to attach a copy of KYC documents i.e. a copy of PAN, which also serves as your proof of identity and a proof of address to the account opening form. The account holders may also be asked to self attest these documents.

(4) Submit Account Opening Form to the Banker of

You need to submit account opening form along with the request letter (to add joint holders to your account) to the banker along with all the necessary attachments.

(5) Verification of Account Opening Form (AOF) & Other Documents by the Banker

Banker will verify Account Opening Form (AOF) and other attached documents. If he is satisfied with these requirements, he will proceed further.

(6) Obtain acknowledgement slip of Account Opening Form from

Once your documents are successfully verified, the banker will give you acknowledgement slip of Account Opening Form.

Important Points regarding Adding Joint Holders in Account

  • If you want your independence and do not want to share your financial details with others, you should avoid joint holding in your account.
  • It is advised that you should deposit a limited amount of funds in your joint account and keep your salary account separate and in your name only.
  • Usually, bankers treat the interest income on joint accounts as income of Primary account holder unless you have clearly specified and submitted a mandate to the bank about the specific percentage for tax treatment.

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