Legal Question in Banking Law in India
we are having a joint saving account with
either or survivor .
one holder give consent to bank for charges but other holder consent not taken.
is this permission is valid under law.
if second holder object bank .
Asked on 12/10/12, 6:41 am
4 Answers from Attorneys
the permission is valid but second holder consent is required to complete the same
Answered on 12/10/12, 7:21 am
Sanjay Kalra
Sanjay Kalra & Associates
The permission would be valid if both the joint holder of a Bank account have given permission and not otherwise.... Please check Sanjay Kalra and Associates on the internet to know more about our law firm and the legal services we are rendering for our clients from all over the World.
Answered on 12/10/12, 11:27 pm
no the second holder permission is not required as the account is in either or survivor mode
Answered on 12/14/12, 3:13 am
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