

A joint account is a bank account held by two or more individuals, where all account holders share ownership and are authorised to operate the account as per agreed terms.
Joint accounts are commonly used by spouses, family members, business partners, or co-owners who need shared access to funds.
They simplify collective money management by allowing multiple individuals to deposit funds, withdraw funds, and manage transactions from a single account.
The rights and responsibilities of each holder depend on the account mandate and bank rules.