Clarification regarding Transfer / Closure of Joint A & B accounts

Note1: All operations of account including closure / issue of duplicate passbook and transfer of account etc shall be allowed to be carried out by either of Joint Depositors or Survivor (s) in case of Joint B Type Account in respect of all the Schemes except Senior Citizens Savings Schemes.

In SCSS Account, signature of the first Account Holder is mandatory in all application forms of various operations of account.

In Joint A Type Account, signatures of all the joint holders or survivor(s) is/are mandatory in all application forms of various operations of accounts.

Source : CBS Manual Rule No. 13, Page No 41