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Continuation of Deceased Bank Account

This query is : Resolved 
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(Querist)
28 November 2023 Sir,

A & B are joint bank account holders, A being first named. A has expired and deceased claim been submitted. However kindly advise :
A. Whether Banj account can be continued by the joint account holder?
B. Is there any banking guideline be pertaining to this?

Kindly Advise.

Thanks & Regards
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
28 November 2023 Joint Bank Account rules on death, the other joint account holder can operate the account upon the demise of the primary account holder.
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RAJEEV KUMAR MEHTA

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RAJEEV KUMAR MEHTA (Querist)
28 November 2023 Thank You Sir! However kindly advise how long the account can be operated by Joint Account Holder?
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
28 November 2023 It can be operated by Joint account holder till his life time.
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RAJEEV KUMAR MEHTA

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RAJEEV KUMAR MEHTA (Querist)
28 November 2023 Thank You Sir for prompt response!

Kind Regards
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RAJEEV KUMAR MEHTA

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RAJEEV KUMAR MEHTA (Querist)
28 November 2023 Sir,

Is the position same in the case of Demat Account as well ?
Thanks & Regards
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
29 November 2023 Yes in case of joint demat account.
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RAJEEV KUMAR MEHTA

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RAJEEV KUMAR MEHTA (Querist)
29 November 2023 Thank You Sir!
Kind Regards!
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
29 November 2023 You are welcome...
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