Eligibility Criteria
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The account may be opened in the name of an individual or in the name of two or more individuals.In case of Joint account, it can be operated jointly or severally, with either or survivor (or) former or survivor clause. Account may be opened in the name of minor, to be operated by natural guardian. Minor at the age of 13 can operate account individually. An illiterate person can also open account jointly with literate but in that case, the mode of operation will be ‘Former or Survivor’ where illiterate would operate the account and literate will be the survivor |
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