I want to open joint savings account of parents (Both senior citizen) in SBI/IDBI, so that father’s money can be deposited in FD. They do not have any source of income now. Since both of them are illiterate to financial and banking procedures, and also of not good health, Shall I become the third account holder of their savings and FD account? Or shall I become power of attorney to operate their accounts? Since I am in highest tax bracket as of now i don’t want any tax implications. How to manage all this? What are its implications? Please help.