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Can a senior citizen open a joint account with a non senior citizen and still avail benefits ?

April 26, 2017account avail Benefits Joint senior citizen

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Can a senior citizen open a joint account with a non senior citizen and still avail benefits ?

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Yes, the account can be opened joint with a non-senior citizen, provided the first account holder is a senior citizen. This joint account would be eligible for the preferential interest rates for senior citizens fixed deposits.