Add Joint Account Holder in Indian Overseas Bank : Indian Overseas Bank is well known bank in India. If you already have a bank account in Indian Overseas Bank and you want to add joint account holder in Indian Overseas Bank, this article will help you to do so. In our previous article, we have already talked about the different types of joint accounts in India. Adding a new joint account holder in Indian Overseas Bank gives you the facility to operate the account jointly. All the facilities used by the main account holder can also be availed for the joint account holder. Before you think of adding a joint account holder in your Indian Overseas Bank account, make sure you have complete trust on the person as this type of account is to be operated jointly.
The procedure to add a joint account holder in Indian Overseas Bank is quite easy and does not take much time. You must follow the step by step procedure given below to add Indian Overseas Bank joint account holder.
How to Add Joint Account Holder in Indian Overseas Bank ?
In order to add joint account holder in your Indian Overseas Bank Account, follow the steps given below :
1) Fill up Indian Overseas Bank Account Opening Form or Submit the Passbook
Case 1 : If the Joint Account Holder does not have Indian Overseas Bank Account : If the person whom you want to add as a joint account holder does not have an account with Indian Overseas Bank, then you need to fill up Indian Overseas Bank Account Opening Form just like a new account holder does. In this form you need to mention the details of the Joint Account Holder(s). Do remember to put a mark on the appropriate boxes and mention the type of joint account you need from the choices i.e., Either or Survivor, Anyone or Survivor, Former or Survivor, Jointly, Jointly or Survivor.
Case 2 : If the Joint Account Holder already has Indian Overseas Bank Account : If the person whom you want to add as a joint account holder already has an account with Indian Overseas Bank, then you just need to produce the copy of his/her Indian Overseas Bank passbook. Please note that the data in Account Opening Form will be used only for creating CIF(Customer Information FIle) Number.
2) Gather the Indian Overseas Bank KYC Documents
Once you fill up the form, you need to gather the KYC Documents (For Proof of Address & Proof of Identity) of your Joint Account Holder(s).
Also Read : Indian Overseas Bank KYC Documents
3) Write an Application to the Branch Manager
Write an Application to the Branch Manager of your Indian Overseas Bank Home Branch requesting to add a Joint Account Holder.
4) Submit the Form and Documents to Indian Overseas Bank Home Branch
Once you have the filled up Indian Overseas Bank Account Opening Form along with KYC Documents and a written application, you need to visit your Indian Overseas Bank Home Branch and submit all these documents to the accounts person. Upon successful validation of all the details of the Joint Account Holder(s), the joint account holder will be added to your Bank Account.
Final Words :
You might have noticed that adding a joint account holder in Indian Overseas Bank is quite an easy process and can be completed in just 20-30 minutes after you reach your home branch. Do remember that the amount and the type of access given to a joint account holder is in the hands of the main account holder. At any point of time you can consider removing a joint account holder.
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