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Sayed Maqsood Ahmed   24 November 2024

banking rules

learned lawyers

would like to know if the bank account holder having ATM card after his natural death due to old age can claim some financial compensation from his bank.

I appreciate to hear your valuable legal opinion.

kind regards


Learning

 3 Replies

T. Kalaiselvan, Advocate (Advocate)     24 November 2024

If there is any insurance attached to the ATM then his nominee can claim the same the claim amount 

Dr. J C Vashista (Advocate )     25 November 2024

Certain banks have policy to insure their customer account /ATM Card holders, what about in your case?

Sayed Maqsood Ahmed   25 November 2024

Many thanks sir

Kind regards 


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