viki
08-02-2014, 10:03 PM
What is the difference between Joint-A and Joint-B type investment?
Ans: The National Savings Schemes provide the facility of joint investment upto two persons. There are two different types i.e. Joint-A and Joint-B. In case of Joint-A deposits, the encashment is given only after having the signatures of both the investors; while in case of Joint-B, either of the investors can withdraw/encash the principal under his/her own signatures only.
Ans: The National Savings Schemes provide the facility of joint investment upto two persons. There are two different types i.e. Joint-A and Joint-B. In case of Joint-A deposits, the encashment is given only after having the signatures of both the investors; while in case of Joint-B, either of the investors can withdraw/encash the principal under his/her own signatures only.