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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 :-
 
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.
 
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
 
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.
 
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.
 
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.
 
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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