I have Zerodha account and linked to my SBI account. My mother is Second holder in this either or survivor account. Can I open my Mother’s Zerodha account and link the same Savings account for transaction.
We have tax file, but till now we are not taxable.
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Hi @Kumarjit_Ghoshal , you can open a Zerodha account for your mother using the same joint bank account, as long as the bank proof clearly shows your mother’s name as an account holder.
Also you can add money only through UPI or the payment gateway.If IMPS, NEFT, or RTGS transfers are done it will be returned to your bank account as your account is linked with multiple zerodha A/c.
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Thanks a lot.
Another question related to this… If I buy G Sec in her name, the interest will be credited to the account without any problem?
I hope Since the AIS is there , interest paid to my bonds and her bonds can be seperated by the system. Although I can always mention seperately that in the income tax file.
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That shouldn’t be an issue. If G-Sec is bought in her name, the interest will be credited to the linked bank account normally, even if it’s the same joint account.
Generally the system tracks it based on PAN, so in the AIS the interest should reflect under the respective holder. And in case it doesn’t appear perfectly, you can still report the correct amounts separately while filing the ITR.
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All clear brother… Thanks again.
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