Do you know how many types of joint accounts in banks are available in India and what are the pros and cons of these types of accounts?
Many of us are simply holding bank accounts as single holders. However, there are various ways through which we can open and handle bank accounts. In this post, I will try to share the types of joint accounts you can hold in banks.
I have received this email from one of my blog readers.
“Dear Sir,
I request for your advice on the following. I am 84+ years old and my wife is 81+. I have been seeking your guidance in financial planning since long and you have been so good to help me.
Our Savings bank accounts are in A or S mode. I do not recollect why I had chosen A or S and not E or S.
Can you please advice which one is better and the reason for it considering our age. If there is any article on this, I would appreciate if you can send me the same.“.
This may be a confusion many of us are facing. Hence,…