How to Manage Joint Bank Accounts When Married?

How to Manage or Organise a Bank Account by a Couple?

What Are the Types of Suitable Bank Accounts for Married Couples?

What Are the Tips for Managing Bank Accounts by Married couples?

Why Should Married Couples Have Joint Bank Accounts?

FAQS about Joint Bank Accounts for Couples

Can I transfer money from a joint account to a single account? up-arrow

It is not possible to transfer money from a joint account to a single account, but the opposite can be done.

What is the limit for adding members to a joint account? up-arrow

Every bank has its own limit of members that can be added. However, it also depends on what kind of joint accounts are opened, the type of agreement signed with the bank etc.

How to divide finances in marriage? up-arrow

One of the many options is to divide the income of both people equally. Depositing a certain amount of money in the joint bank account every month is another way to divide finances.

What are the necessary documents to open a joint bank account for couples? up-arrow

You will need a joint account application form, Aadhaar/voter/pan card/driver’s license/ ration card and the recent electricity bill of both partners. Many banks also ask for additional documents such as passport-size photos, passports etc. In that case, have a talk with your bank and see what they require.