A joint account operates similarly to a standard banking account. The joint account, on the other hand, is owned by two or more people. This account can assist you in pooling your money and efficiently saving money where you can save towards a shared goal such as a home or vacation.
Furthermore, because account activity is visible to all account holders, you can monitor where your money is being spent and thus avoid spending on unnecessary items. A joint bank account eliminates the need to keep track of money for two or more accounts. All you have to do is keep track of one account.
However, for a variety of reasons, you may want to delete the name of a joint bank account holder. Keep in mind that the primary account holder's name cannot be removed. In addition, the person whose name is being deleted will receive the pin, and all OTPs and other bank records will be deleted. Take a look at how you can delete the name of the joint bank account holder.
Fill out the form
The first step in removing the name of a joint bank account holder is to obtain the form for account deletion from the bank or from the website. All other account holders, including those whose names are being deleted, must complete and sign the form.
All information pertaining to the individual whose name is to be removed from the account must be entered. If the person whose name is being deleted is a minor, the guardian's name should also be mentioned.
Change the mode of operation
Account holders can now change the account's mode of operation to jointly, single, or survivor. The original mode of operation can also be maintained.
Debit card/ATM cards
Debit/ATM cards issued to the person whose name is being removed must be returned. Otherwise, a declaration that it was destroyed by them must be signed.
New cheque book request
Unused cheque books can be returned to the bank, and new cheque books with new names can be requested using the same form.