Indus Partner: Joint Bank Account

What is a joint bank account?

A joint account is a type of bank account shared by two account holders. One can consider opening a joint bank account with their spouse or a family member. Any eligible individual can submit an application for a bank joint account where both the account holders will have equal access to the funds deposited therein.
IndusInd Bank joint account works just like a regular savings account, with the added convenience of managing your finances with your partner at attractive interest rates.

How to open a joint bank account?

Opening a joint bank account is a quick and easy process. To submit your joint bank account application, all you need to do is-

• Click on Apply Now
• Fill in the lead form with your personal details
• Click submit
• Our representative will get in touch with you for further process

How does a joint account work?

A joint account operates much like a regular savings account. The primary difference is the number of account-holders managing the account. You can submit an application for a joint account with spouse or any other partner
All the account holders have equal rights on the amount deposited in this account, where they can deposit or withdraw funds as and when needed.
One can submit a joint account application and carry out banking transactions on an either/or basis. This means that transactions can be approved by the signature of either one of the account holders or all of them. This mode of operation has to be selected at the time of account opening

Who can withdraw money from a joint savings account?

The right of withdrawing money for the account holders is dependent on the mode of operation selected at the time of account opening. Account holders can opt to deposit or withdraw funds from the joint account, with signatures of any one or both

What are the benefits of a joint bank account?

A joint account provides a lot of exciting benefits to the account holders. Here are some of the most significant joint bank account benefits-

• Joint accounts are an excellent option for couples, as you can submit an application for a joint account with wife or husband or your partner and easily deposit funds regularly to meet your shared financial goals
• It is also ideal for spouses who are co-borrowers on loan; both partners can deposit their share of the loan and pay the EMIs timely
• Parents can open a joint account with their children to start saving for their future
• Business partners can also benefit from opening a joint bank account as it can make business transactions much more convenient and transparent