PoA should be made solely or jointly?

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PoA should be made by the entire account holders. If the account is in a single name, PoA can make in single account holder name. But if the account is in the name of two or more than two people, it should be created with the name of all the account holders.

PoA will automatically get cancelled in case of death of an account holder. In case of a joint account, the survivor has to execute a new PoA.


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