Question:

Can a depository account in India HDFC Bank be opened with four holder's names?

by Guest22723034  |  1 year, 3 month(s) ago

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I am collecting information regarding HDFC Bank. My query is, Can a depository account in India HDFC Bank be opened with four holder's names?

 Tags: account, bank, Depository, HDFC, HOLDERS, India, Names

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  1. Banking Expert
    Yes, a depository account can be opened in the names of four holders but the account can be operated only for dematerialization of shares held in the same combination. No shares can be credited by purchase or transferred from any other account. Hence the standing instruction for credits will be 'N' for such accounts

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