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 | | Link To: Union Million |
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| Guidelines On Operations |
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| Deposit accounts opened in joint names of two or more individuals will have a mandate for disposal of the balance in the account on the date of maturity and/or on the death of one or more joint depositors. These mandates are as under :- |
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| Either or Survivor: If the account is in the name of two individuals say, A & B, the final balance alongwith interest, if applicable, will be paid to the either of the account holder i.e. A or B on the date of maturity or to the survivor on death of anyone of the account holders. |
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| Anyone or Survivor: If the account is in the name of two or more individuals say, A, B and C, the final balance alongwith interest, if applicable, will be paid to any of the account holders is A or B or C on the date of maturity |
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| On the date of any one of the account holder say A, the final balance alongwith interest if applicable will be paid to any two of the surviving account holders i.e. B or C. |
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| On the death of any two of account holders say A and B, the final balance alongwith interest, if applicable will be paid to surviving account holder i.e. C. |
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| Former or Survivor: If the account is in the name of two individuals say, A & B, the final balance alongwith interest, if applicable, will be paid to the former i.e. A on date of maturity and to the survivor on death of anyone of the account holders. |
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| Latter or Survivor: If the account is in the name of two individuals say, A & B, the final balance alongwith interest, if applicable, will be paid to the latter i.e. B on date of maturity and to the survivor on death of anyone of the account holders. |
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| Product Testimonial |
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| Quick Links |
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 | | Link To: Union Gold Coins |
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