Joint deposit accounts in the name of two or more individuals require a mandate for disposal of the balance amount in the account on the date of maturity and/or on the death of one or more joint depositors.

These mandates are as follows.

• Either or Survivor: If the account is in the name of two individuals say, A & B, the final balance along with interest, if applicable, will be paid to either of the account holders i.e. A or B, on date of maturity or to the survivor on death of any one of the account holders.
• Anyone or Survivor: If the account is in the name of two or more individuals say, A, B & C, the final balance along with interest if applicable, will be paid to any of account holders i.e. A or B or C, on the date of maturity.
• On the death of any one of account holder say A, the final balance along with 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 the account holders say, A and B, the final balance along with interest if applicable, will be paid to the 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 along with the interest, if applicable, will be paid to the former i.e. A on date of maturity and to the survivor on death of any one of the account holders.
• Latter or Survivor: If the account is in the name of two individuals say, A & B, the final balance along with interest, if applicable, will be paid to the latter i.e. B on the date of maturity and to the survivor on death of any one of the account holders.