What is ers account in bank?

Evaluated Receipts Settlement (ERS) financial definition of Evaluated Receipts Settlement (ERS). Anyone (Or) Survivor – This is similar to “either or survivor” option. You can also make FD with E or S with first name of secondary account holder and. All banks that offer savings accounts, allow you to open a joint account. Banks have several deposit schemes that can be customized for people with varying needs. When you plan to open a savings account with a bank, you have to fill in a form.