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Can I add or delete names of accountholders (second or third accountholder) after opening the account ?

April 26, 2017account accountholder accountholders delete names opening

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Can I add or delete names of accountholders (second or third accountholder) after opening the account ?

2 Answers

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No. Names of the accountholders for a depository account cannot be changed. If you want to change name or add / delete an accountholder, you need to open a new account in the desired holding pattern (names) and transfer the securities to the newly opened account. The old account may be closed.

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Posted

No. Names of the accountholders for a depository account cannot be changed. If you want to change name or add / delete an accountholder, you need to open a new account in the desired holding pattern (names) and transfer the securities to the newly opened account. The old account may subsequently be closed.