Clarification on maintenance fund

sen2277 · Post by **sen2277** » Mon Jul 05, 2010 8:22 am

Hello,

I would like to know whether the maintenance fund for applying HSMP Tier 2, can be in a joint account or to be in a individual account only ?
Experts please advice me.

Thank you in advance.

Regards
Senthil

aspirant99 · Post by **aspirant99** » Mon Jul 05, 2010 9:39 am

sen2277 wrote:Hello,

I would like to know whether the maintenance fund for applying HSMP Tier 2, can be in a joint account or to be in a individual account only ?
Experts please advice me.

Thank you in advance.

Regards
Senthil

HSMP tier 2????....either it can be tier 1 or tier 2?..please clarify??

sen2277 · Post by **sen2277** » Mon Jul 05, 2010 12:29 pm

Sorry that was typo. Your are correct that it is Tier 1

aspirant99 · Post by **aspirant99** » Mon Jul 05, 2010 12:41 pm

sen2277 wrote:Sorry that was typo. Your are correct that it is Tier 1

You can have your maintainence fund in a joint account but your name should be on the account, you should have the right to encash the amount at any time. If these two requirements along with the amount specified i.e 2800 etc for consecutive 90 days and the relevant docs are available then you should be ok..goodluck!!

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Clarification on maintenance fund

Clarification on maintenance fund

Re: Clarification on maintenance fund