Single Name Account

What are the things required to open an account/folio in a single name?

• Aadhaar number

• PAN

• Bank account details

• The mobile number linked with Aadhaar

Can I open more than one account/folios?

Yes, individual investors can open more than one account/folios.

Joint name accounts

Should the joint holders be related to each other?

No, there is no such requirement in relation to opening a joint account.

Is there any limit on the number of persons who can jointly open an account?

Yes, a maximum of three persons can be joint holders.

What are the different types of operating instructions that can be given in a joint account?

Joint holders can opt for the ‘Anyone’ or ‘Joint’ mode of operating the folio.

What are the implications of various instructions in a joint account?

In the case of ‘Anyone’ mode, financial and non-financial transactions in the folio will be processed if any one of the holders has signed the request.

In the case of ‘Joint’ mode, financial and non-financial transactions in the folio will be processed if all the holders have signed the request.

What are the things required for opening a joint account?

• Aadhaar number of all the joint holders

• PAN of all the joint holders

• Bank account details where the first holder is one of the account holders

• Mobile number linked with Aadhaar