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Yes, a maximum of three people can open a joint Deposit account payable to E or S (Either or Survivor) or F or S (Former or Survivor).
For E or S deposits, the Deposit receipt can be discharged by either of the depositors on maturity. However, all the Depositors’ signatures are required for a Premature Payment or Loan.
For F or S deposits, the Deposit receipt must be discharged by the first Depositor.
